Broker Population in ‘Shocking Decline,’ Expert Says
By Janet LevauxIndustry insiders are alarmed by the overall decline in the U.S. broker population, despite data released by Cerulli Associates in late August that showed only a moderate pace of reduction.
August 30, 2011
Advisor Confidence Falls to Lowest in a Year as Consumer Fears of Recession GrowMany independent RIAs have been moving clients to cash, though they remain somewhat upbeat on the markets.
August 25, 2011
New Hire Roundup: Murphy New FSC President/CEO; MSRB Taps New Officers, BoardThis week in new hires, FSC named Jerry Murphy its new president and CEO, while MSRB announced new officers and members of its board.
August 24, 2011
2011 Broker-Dealers of the Year: The Runners UpMore than 5,000 valid votes were cast in this year's Broker-Dealer of the Year balloting. Here are the second- and third-place BDs in our annual readers' poll.
August 23, 2011
Private Equity Firm Buys Indy BD First AlliedIndependent broker-dealer First Allied announced that it has joined in an acquisition deal with private equity firm Lovell Minnick Partners, allowing the BD and Lovell to buy First Allied from parent Advanced Equities.
August 22, 2011
CRM Version of Schwab Integration Project Moving Out of Beta Into Pilot PhaseModular and turnkey versions of Salesforce.com CRM system moves into next phase of Intelligent Integration rollout.
August 19, 2011
Schwab’s Clark Apologizes, Explains Plan Sponsor ControversyIn an interview with AdvisorOne on Friday, Bernie Clark Executive, Vice President of Schwab Advisor Services, admitted it was a mistake to send a letter sent from Schwab Retirement Plan Sponsor Services directly to plan sponsors without first informing the company's RIA affiliates. Clark explained the communication was sent to...
August 18, 2011
HighTower Sees ‘Exceptional Addition’ to Firm as Margaret Towle Joins as PartnerMargaret Towle, a Ph.D. with a $ billion clientele, is joining HighTower, the Chicago-based RIA firm led by Elliot Weissbluth, as a partner and managing director from Greycourt.