Securities America Forms Arbor Point Venture for Hybrid Advisors
By Janet LevauxThe independent broker-dealer is working with NorthStar Financial on the venture, which offers reps a choice of custodial firms.
July 17, 2013
Raymond James Taps Wirehouse Talent to Boost Recruiting TeamThe four new regional directors also will focus on helping RIAs and hybrid advisors grow their business, according to the company.
July 16, 2013
LPL’s New Supervisory Rules Will Cost RepsLPL Financial announced to its reps on Monday that it is no longer allowing standalone reps to be their own supervisors. "This move will cause a lot of controversy and ultimately outflow to other firms, Jon Henschen said.
July 16, 2013
Schwab Q2 Profit Drops 11%; Sales Improve 4%Asset management and administration fees experience a 15% year-over-year increase and total $572 million in the latest period.
July 15, 2013
The Strange Case of CFP Board’s Alan GoldfarbAfter a sudden resignation last fall, Alan Goldfarb has been found to have violated the CFP Board's Rules of Conduct. Yet the details of the case suggest that the matter was not as clear as the initially reported findings suggested.
July 15, 2013
How the SEC Stacks the DeckThe low burden of proof required when the SEC brings a case can easily threaten RIAs' livelihoods.
July 15, 2013
Want to Sell Your Practice With No Transaction Fee?A new website, run by recruiter Phillip Flakes, offers free listings to sellers and charges a subscription fee to buyers.
July 15, 2013
Focus Financial to Get $216M Boost From CenterbridgeThe new investment is the latest in a series of private equity moves impacting the wealth management industry.