Hiring expenses rose as indie B-D attracted 408 net new advisers in past year; 'elevating our expectation'
Mark Casady reveals reasons for recent changes at indie B-D
LPL Financial LLC isn't alone in charging registered representatives and financial advisers a flat fee for doing business with the firm
The Financial Services Institute Inc. is planning to finance its beefed-up lobbying efforts with big dues increases to its broker-dealer member firms.
This week, when Ric Edelman revealed that he plans to wind down his independent contractor business, he labeled the model 'severely flawed', and stirred up - not surprisingly - a good deal of conversation across the industry.
Duo leave ahead of merger with Raymond James; 'wouldn't have left in a million years'
Morgan Keegan, the brokerage being sold to Raymond James Financial Corp., lost its bid to be dismissed from an $8 billion lawsuit brought by Canadian insurer Fairfax Financial Holdings Ltd.
Broker-dealer powerhouse LPL on Wednesday announced it's rejiggering its top brass. The main move: firm veteran Esther Stearns is being moved out to head a new subsidiary.
Pair of firms ranked No. 1 in J.D. Power and Associates for second year in a row
The following is an excerpt from <a href=http://www.amazon.com/Backstage-Wall-Street-Insider%252019s-Investments/dp/007178232X/ref=sr_1_1?ie=UTF8&qid=1333988682&sr=8-1>Backstage Wall Street: An Insider's Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments</a>, written by Josh Brown, vice president and financial adviser at Fushion Analytcis Investment Partners.</a>
Lincoln Investment Planning Inc., a fast growing independent broker-dealer, is hitting its reps and advisers who run their own RIAs with a new, annual supervision and compliance fee of up to $20,000.
Chairman and CEO of Advanced Equities told they're under investigation by the SEC; sold B-D last year
There's no letup in sight for broker-dealer closings. Today, MCL Financial -- yet another small brokerage that focused on selling illiquid alternative investments -- has been shuttered.
