Competition from custodians and good market performance are keeping more brokers at their firms
Regulators need to forget the soft stuff and tackle matters of consequence.
Regulators are concerned that brokers are jumping into the RIA channel to take advantage of a lax regulatory climate.
Nicholas Schorsch made hundreds of millions in real estate, but an accounting scandal devastated his business.
Marcato Capital Management says in a regulatory filing that shares of the independent broker-dealer are undervalued. The stock was up nearly 4% Tuesday amid a broad market sell-off.
As inquiries into the broker-dealer wind down, regulators' focus could turn to others in the industry, CEO Casady says.
Arbitration case alleges that Oppenheimer & Co. stepped beyond the bounds of propriety in mounting a client raid on Peter Schiff's Euro Pacific over a three-day weekend this summer.
Finra bars 10 at New York broker-dealer Global Arena Capital Corp. after investigating brokers who migrated from an expelled firm.
Some IBDs are finding extraordinary success in leveling the ranks of male and female advisers, even though on average less than one out of every five advisers today is a woman. Here's how they do it.
RCS Capital Corp., the struggling brokerage group cobbled together by real estate developer Nicholas Schorsch, is exploring a sale of its independent broker-dealer, according to people with knowledge of the matter. <i>Plus: <a href="//www.investmentnews.com/article/20150921/FEATURE/150919894/how-nick-schorsch-lost-his-mojo"" target=""_blank"" rel="noopener noreferrer">How Nick Schorsch lost his mojo</a></i>
Group focuses on mainstream and alternative investments such as nontraded REITs.
Envestnet has agreed to make NextShares, a unique hybrid of mutual funds and ETFs, available to some of its 41,000 affiliated financial advisers, delivering Eaton Vance its first distribution partner for the product.
Even if <a href="//www.investmentnews.com/article/20150426/REG/150429941/independent-broker-dealer-recruiting-hits-a-wall"" target=""_blank"" rel="noopener noreferrer">recruiting at independent broker-dealers has hit a wall</a>, the industry still features a number of firms with expanding numbers of registered reps.
Investor claims pile up as the territory sinks in the downward spiral of a government debt crisis.
Anthony Perkins will oversee the broker-dealer's automated processes and the launch of the firm's robo-advisory software platform.
The company aims to ramp up its level of automation from 15% to 85% within the next few years.
An acquisition of Barclays' U.S. wealth unit would add $47 billion in assets and 249 advisers who focus on ultrahigh-net-worth clients, filling a gap in Stifel Financial CEO Ron Kruszewski's advisory business.
FSC Securities is on the hook for a $1.28M arbitration award to investors who were swindled by a notorious con man featured on “American Greed: The Fugitives.”
Six-member team is based in Atlanta and includes emerging markets chief Greg Fisher and financial advisers, according to a source familiar with the move.
In its sales turnaround, third largest U.S. fund company relies on retention of existing advisers and lower-cost share classes.
