Senate Panel Okays 33% SEC Budget Hike, Setting Up House Tussle
By Melanie WaddellThe Senate Appropriations Committee approves 33% SEC budget increase, or $353 million, setting up a battle with the House, which only seeks a $50 million increase. At stake could be more RIA examiners.
July 24, 2013
Debunk Redux: Fiduciary Was Good for Brokers the First Time, TooWhat happened to brokerage accounts following the FPAs victory against the SEC in 2007 over the 'Merrill Rule' reveals as much about the brokerage industry as it does about the effects of a fiduciary standard.
July 23, 2013
Private Ocean’s 4-Step Plan to Serving the Next Generation of ClientsIf youre interested in growing your firm, you should identify and understand the next generation of clients, and build your firm accordingly.
July 23, 2013
TD Ameritrade Tops Q2 Earnings Estimates on Strong RevenueThe broker-dealer is also adding a tool for advisors to improve their access to technology on its institutional platform.
July 19, 2013
Securities America Forms Arbor Point Venture for Hybrid AdvisorsThe independent broker-dealer is working with NorthStar Financial on the venture, which offers reps a choice of custodial firms.
July 19, 2013
GAO Suggests Requiring RIA Advice for Accredited InvestorsA GAO study recommends that the SEC require more liquid investments in private offerings or the use of an RIA for guidance as preferred means of protecting accredited investors.
July 18, 2013
BNY Mellon Posts Strong Q2 Earnings, Record Revenue, 10% Rise in AUMThe Pershing parent reversed its Q1 loss, helped by a one-time gain. It repurchased $330 million of its stock in the quarter and increased its dividend.
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.