<i>InvestmentNews</i> senior columnist Bruce Kelly discusses whether these firms can continue their 2013 run
Newfangled private placements called DSTs offer some improvements to TICs, many of which backfired during the financial crisis, but DSTs still carry high costs and are illiquid. Bruce Kelly has the story.
Broker-dealer had sought a new chief since Pat McEvoy resigned in December.
Vice chairman of Sammons Securities buys remaining stake from Midland National.
Craig Gordon, the No. 2 executive at RBC Correspondent Services, has left the clearing firm.
$1.15 billion acquisition, announced in January, expected to close in the next several days.
<i>Breakfast with Benjamin:</i> Rate clarity from Janet Yellen and the Fed this week could chill volatility. Plus: Someone doesn't like small caps, <i>IN</i>'s big independent broker-dealer report is out, determining what airline to fly, a new cybersecurity warning and two popes are now saints.
In a good sign for the industry, recruiting came roaring back in the third quarter for LPL Financial, which added 154 net new registered reps and advisers. CEO Mark Casady says recruits came 'from all over.'
John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'
Joins Cetera CEO Valerie Brown in ranks of women running top broker-dealer networks.
Larry Roth splits Advisor Group to join Nick Schorsch's B-D, marking the latest step in American Realty Capital's expansion beyond nontraded REITs. Bruce Kelly has the story.
Independent broker-dealer Berthel Fisher & Co. Financial Services Inc. scored a victory this month in an arbitration over an investor seeking $934,000 in restitution for investing in a real estate deal involving an office building in Minnesota.
Investors across all wealth tiers are more accepting of online advice models, such as self-directed platforms, Cerulli reports.
Pays fine, accepts suspension but B-D already closed, securities license dropped.
That's how a forensic accountant described the financial condition of superstar adviser Don DeWaay, who today agreed to a $3M settlement with investors.
Pretax income up 44%, while revenue climbed 12%.
Inland American offers shareholders a way to cash out, but place limits on the buyback and values shares at no more than $6.50 a share.
Across the industry, executives share concerns: generational shifts, regulation and how to update legacy platforms.
The parent company of Southwest Securities, SWS Group, received $7-a-share offer from Hilltop Holdings. The offer was a 16% premium to the stock's closing price on Thursday. Bruce Kelly has the story.
