He says the proposal is more appropriate than the DOL fiduciary rule.
A perennial member of Barron's list of top financial advisers, his team managed nearly $3 billion in client assets
The wirehouse reduced recruitment loans 20% and increased bonus loans 68% in the first quarter.
With revenue up, interest rates rising and regulation easing, IBDs are soaring.
Rewarding brokers who sign up new high-net-worth households — and penalizing those who don't — is working, according to the firm.
Sanford C. Bernstein & Co. analyst Christian Bolu, concerned over stalled adviser growth and what it means for lending and deposit growth, believes the stock will "under perform."
In the latest quarter, the broker-dealer suffered a net loss of 145 brokers.
Firm had filed a lawsuit against Ryan C. May, alleging he was soliciting old clients in violation of his employment agreement.
Firm alleges that Ryan C. May, now working for Ameriprise, violated the terms of his employment contract and the terms of the broker protocol for recruiting agreement.
Acquisition of Capital One's advisers represents growing trend among independent broker dealers.
