More than one-third of firms have doubled AUM and revenue since market lows of '09.
Some brokers say the math in moving to a fee-based model just doesn't add up for clients.
The SEC must find a way to increase adviser examinations, otherwise American investors face a grave threat.
At <a href="http://www.investmentnews.com/section/video?playerType=Events&eventID=Pershing2014&playlistID=3603510948001">Pershing's Insite 2014</a>, BNY exec Brian Shea says bigger Wall Street players continue to face economic and regulatory challenges, opening the door for smaller firms.
Wirehouses outpace the rest of the industry in making the shift to charging fees.
HighTower chief executive Elliott Weissbluth says adding new platforms will help the firm achieve a business model and scale comparable to that of Raymond James. Mason Braswell has the story.
After 18 years, David Tittsworth is leaving the Investment Adviser Association, a group he led during a period of expanding regulation.
Chicago-based team has moved to LPL's hybrid RIA platform.
<i>Breakfast with Benjamin: Why there's no excitement for this stock rally. </i>Plus: Fee-only RIAs in the catbird seat but they can't relax; the active ETF world heating up; what QE has wrought; on Phil Mickelson and insider trading; and Apple's big day.
Low-cost index funds capturing 25% of new assets but drive just 5% of revenue.
New unit will influence product selections for 15,000 advisers managing $1.6 trillion in assets.
CEO says the consulting business will operate 'conflict-free.'
<i>Breakfast with Benjamin:</i> The dollar is enjoying a big rally right into earnings season. Plus: Goldman moves up its rate hike forecast, putting GDP in perspective, El-Erian reads Yellen's mind, and proven old-school investing techniques.
What if taking upfront money actually reduces the ability to capture the real long-term wealth in your firm?
With improvements in technology and compensation models, independent firms are narrowing the gap in the competition for the biggest talent on Wall Street.
New network will support advisers who work with Generation X and Y clients
Without outright endorsing the idea, executives say outside contractors should be considered as a way to increase oversight of RIAs.
Noting surge in inflows, Bowden calls the funds 'bright, shiny objects' with sharp edges.
