Tag: Broker/Dealer

Terminations, retirements and those exiting the industry by choice have all taken their toll on the adviser headcount, which slipped 1.4% in the past year.

Without significant changes, the SEC cannot fulfill its mandate for examinations of investment advisers, said Elisse Walter, commissioner of the Securities and Exchange Commission (SEC).

Fiserv Inc. updated its Unified Wealth Platform with advanced trading and modeling capabilities, improved model data reporting and more intuitive user interfaces.

It is increasingly being used as a business tool, but users can run into compliance issues on social media when they tweet or post an update.

Cetera Financial Group has agreed to purchase Tower Square Securities and Walnut Street Securities from MetLife Inc.

Fred Reish, a partner at Drinker Biddle & Reath, the Los Angeles law firm, has launched fredreish.com, a blog about retirement regulation and compliance.

Roger W. Harrington joined Williams Financial Group, creating a new firm, Harrington Capital Management LLC in Dallas.

Even with recent guidance from regulators about the correct use of social media, advisers still have plenty of questions about compliance.

Frederick J. O’Meally had a final judgment entered against him by a federal court in New York stemming from an action filed by the Securities and Exchange Commission...

Mutual fund and exchange-traded fund (ETF) assets through broker/dealers and registered investment advisers (RIAs) had more than 30% growth in 2012 than wirehouses.

The Securities and Exchange Commission (SEC) said that William M. Stephens solicited investors and was paid fees, but never registered as a broker. 

 Registered investment advisers (RIAs) and dually registered advisers are the fastest-growing channels, according to research from Cerulli Associates in Boston.   

 Institutional Securities Corporation (ISC) has been acquired by a team led by Scott A. Hayes, the firm’s executive vice president.   

Marcello Cosentino expanded Security Benefit Corporation’s registered independent adviser (RIA) and independent broker/dealer channel with four states.   

Lincoln Trust has introduced a low-cost retirement plan solution, Model(k), providing fiduciary risk management for broker/dealers serving the small and midsize 401(k) market.

LPL Financial LLC announced the departure of Bill Dwyer, president of national sales, who has decided to pursue other personal and professional interests.

Among its exam priorities, the Securities Exchange Commission (SEC) listed sales practices, fraud, and compliance for advisers registered as broker/dealers.

Investors put more trust in advisers than they do in financial firms overall, according to research from Cerulli Associates.

Nearly two-thirds of retirement plan participants use a financial adviser to assist them in managing their plan investments, a survey found.