Of the 172 new adviser teams that joined Schwab in 2009, fully 42% went to existing RIAs. That's a big change from previous years
Online brokerage also facing a welter of arbitration claims over bond fund implosion
Memo from firm to congressional staff members questioned whether the plan might actually hurt investors
Meanwhile, regulatory fees were up by 10.5% in 2010; overall, regulator posted $55M net profit
If Congress votes to hold brokers to a fiduciary standard, some securities firms could face 4% to 10% declines in profitability per broker, according to a research note issued today by Ticonderoga Securities LLC.
A swarm of state and federal regulators made a bee line for Morgan Keegan on Wednesday. The reason? Alleged wrong-doing in the sales and marketing of mortgage-backed bond funds
A lawsuit filed by Deutsche Bank Alex. Brown against a team of top-producing brokers who are leaving the firm for Barclays Wealth Management has been settled.
A Congressman wants to know if the fraud charges filed against the Wall Street titan have anything to do with the finanical reform bill pending in the Senate
In the first quarter this year, more than half of the transactions involved advisers with $250 million or less in assets. Historically, these smaller advisers accounted for just a third of deals.
'Amway' of financial services to go public in deal valued at around $236M
