Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Morgan Stanley Posts Q2'09 Loss, SB Venture Boosts Wealth Sales
By Janet LevauxThe 18,444 Morgan Stanley Smith Barney advisors had average annualized revenue of $671,000 and average client assets of $77 million in the quarter ended June 30, 2009.
July 17, 2009
Despite SIFMA Talk, Caveat Emptor LivesWill SIFMA's proposed "federal fiduciary standard" and disclosure requirement water down the standards as they exist currently for investment advisors and ERISA fiduciaries?
July 16, 2009
LPL Financial to integrate broker/dealers, break from Pershing platformLPL Financial Corporation announced Wednesday it will fully integrate advisors from three of its affiliated broker/dealers - Associated Securities Corp., Mutual Service Corporation, and Waterstone...
July 15, 2009
LPL Shifts 1,700 Reps Onto Its Own Clearing PlatformMoves advisors from three broker/dealers away from Pershing
July 14, 2009
Five Core Principles of the Authentic Fiduciary StandardLeaders in the investment industry have called on Congress to "adopt an authentic fiduciary standard in Wall Street reforms," and offered "five core principles" to help clear up what fiduciary means for investors.
July 13, 2009
Fidelity Enhances Broker WorkstationStreetscape platform to add Thomson Reuters capabilities
July 12, 2009
Another Benefit of Independence: SelectivityThings have been very busy lately and business is booming. There comes a time though when you need to take a breather. I decided I...
July 10, 2009
Ameriprise Hit with SEC Enforcement ActionAmeriprise Financial Services, Inc., has agreed to pay the Securities and Exchange Commission $17.3 million to settle an enforcement action.