Barnaby Grist has left his position as senior managing director of strategic business development of The Charles Schwab Corp.'s investment adviser group to join Cetera Financial Group, a new independent-brokerage venture controlled by Lightyear Capital LLC.
Stifel Financial Corp., which increased its brokerage force by 23% in the past year, won't be as buffeted as many analysts expect if regulators impose a fiduciary standard on brokers, the company's chief executive said today.
NFP Securities Inc., which in the past has targeted its brokerage services to the insurance agencies and financial planning firms owned by its parent, National Financial Partners Corp., is re-branding itself to attract a broader base of hybrid advisers and registered investment advisers.
The ormer chairman and chief executive of UBS Financial Services Inc. and its PaineWebber predecessor, is weighing a return to retail brokerage
United Capital Financial Partners Inc., which has been deploying capital raised from Bessemer Venture Partners and Grail Partners LLC to build a nationwide fee-based advisory network, has purchased Dunn Hogerty Investment Consulting Inc., an independent-brokerage practice in Fort Collins, Colo.
Joseph Duran, the roll-up firm's CEO, thinks he has the right plan for extracting value from a disparate group of wealth managers
UBS AG's retail-brokerage operations in the United States lost $63.8 million pretax in the second quarter, reversing a pretax profit of $14.3 million in the first three months of 2010.
The Securities and Exchange Commission may impose buy-and-sell obligations on electronic-trading firms and other “high-frequency” proprietary-trading firms that now represent more than 50% of daily stock trading volume.
Focus Financial Partners, which recently completed a $50 million recapitalization to meet debt obligations and revive its business of buying interests in wealth management firms, has agreed to acquire LLBH Group Private Wealth Management as a full partner firm.
Strategic Point Investment Advisors LLC, a wealth management firm that was one of the original affiliates of Focus Financial Partners, has sued the company to get access to its financial data.
