Tag: Broker/Dealer

The Financial Industry Regulatory Authority (FINRA)’s board  approved a proposal requiring brokers to disclose compensation paid as an incentive to move to a new firm.

Ameritas Investment Corp. has selected National Financial to serve as the sole clearing and custody provider for its broker/dealer brokerage services.

Most RIAs agree that the requirement to act as fiduciaries helps them win business away from wirehouse brokers.

Two reports from Cogent Research are designed to help advisers optimize communication materials and distribution strategy, as well as benchmark their practice against competitors.

A majority of advisers surveyed (79%) said the strictest fiduciary standard should apply to rollovers of retirement accounts.

High-net-worth investors at diverse income levels differ in a number of ways ranging from investment strategies to social media usage, according to the Spectrem Group.

John Hancock Financial Network said it would market itself to advisers using the name Signator Investors Inc.

The Securities and Exchange Commission (SEC) released the schedule for its upcoming Compliance Outreach Program regional seminars.

ASPPA says a uniform fiduciary standard would cause confusion, but a coalition of other financial groups said retail customers would benefit from such a standard.  

Harmonization of rules for broker/dealers and RIAs could more than double compliance costs for independent RIAs in the first year of implementation—with little benefit to clients, a survey...

Fewer than 20% of investors under the age of 40 feel they received adequate financial advice following a recent life event. 

The House Committee on Financial Services passed a bill Wednesday that would collar expected rulemaking from the Department of Labor (DOL) to amend the fiduciary definition.

Florida’s governor enacted legislation on Monday making it a notice-filing state for branch office applications.

Blake Richards of Buford, Georgia, was enjoined by a federal court from committing more violations of the securities laws.

A partnership between Fiserv and Financial Market Data Services produced a new solution for fully outsourced, end-to-end securities class-actions claims processing.

Rich Hunter has been named president and chief operating officer at Commonwealth Financial Network, effective immediately.

A coalition of organizations urged Mary Jo White, chairman of the Securities and Exchange Commission (SEC), to establish a uniform fiduciary standard for broker/dealers and advisers.

The Securities and Exchange Commission (SEC) charged Blake Richards, a registered representative of a broker/dealer, with misappropriating retirement savings from widows or widowers.

What are the best ways to go about attracting advisers to a firm when it is looking to expand?

A free, online conference for financial professionals to promote alternative investing education is being hosted by RIA Database and ETF Trends on May 15.