Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
SEC Ordered to Reconsider Annuity Rule
By Bob KeaneFinding on July 21 that the SEC had "failed to properly consider the effect of the rule upon efficiency, competition and capital formation," the Court of Appeals for the District of Columbia told the SEC to reconsider Rule 151A.
July 22, 2009
Wells Fargo-Wachovia Shares Joint Results; Says FA Inflows, Sales, Recruiting 'Strong'The combined firm notes that it continues to experience robust broker recruiting - and says financial advisors hired this year are 60 percent more productive than those who have left the firm.
July 22, 2009
Morgan Stanley Posts Q2'09 Loss, SB Venture Boosts Wealth SalesThe 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
Citi Boosts Net Income in Q2 Thanks to Sale of Smith BarneyCiti has an $11.1 billion pre-tax, or $6.7 billion after-tax, gain associated with the Morgan Stanley Smith Barney joint venture transaction, which closed June 1.
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