Tag: Broker/Dealer

The Financial Industry Regulatory Authority (FINRA) issued an investor alert called “It Pays to Understand Your Brokerage Account Statements and Trade Confirmations.”

The Securities Industry and Financial Markets Association (SIFMA) developed an Institutional Suitability Certificate to facilitate broker/dealer compliance with new FINRA Rule 2111, specifically when dealing with institutional clients. 

More than three-quarters (76%) of financial advisers who moved to an independent business model report they are better off financially, according to a Fidelity Investments study, “Fidelity Insights...

The Principal Financial Group has entered a retirement plan sales alliance relationship with Edward Jones.

LPL Financial is acquiring Fortigent, a provider of high-net-worth solutions and consulting services to RIAs, banks and trust companies. 

Merrill Lynch advisers will no longer get paid on new accounts that total less than $250,000, according to published reports.

401(k) Rekon has named Mike Ziccardi as director of strategic relationships.

Virtus Investment Partners is expanding its sales force with a new team to focus on the independent broker and registered investment adviser (RIA) channels. 

Research from asset management firm American Century Investments indicates the use of alternative investment strategies by financial intermediaries is widespread and growing.  

Vestmark, a provider of advisory solutions and wealth management technology, has enhanced its VestmarkONE platform. 

ING Financial Partners has appointed Andre Robinson as Head of Advisory Business Development and Rich Taylor as Head of Brokerage Operations.  

John Hancock Financial Network (JHFN) is planning to launch a retirement income program for its advisers, called Retirement Ready.

Online broker E*Trade Financial plans to double its sales force over the next few years to 400 from 200 as it seeks to increase its share of client...

Schwab Advisor Services has published a new white paper focusing on legal and regulatory considerations for advisers looking to transition to an independent RIA business model.  

A reorganization of Bank of America’s management team by Chief Executive Officer Brian Moynihan has meant the end of Sallie Krawcheck’s tenure at the firm.

Two New York insurance agent and broker groups appealed a judge's decision upholding a state regulation that requires producers to disclose incentive compensation. 

UBS, the largest Swiss bank, announced plans this week to cut about 3,500 jobs, or 5.3% of its workforce. 

Recent market volatility will be a major test of broker/dealers’ home office-driven model portfolios, according to an upcoming report from consultant kasina.

LPL Financial has released an enhanced proprietary version of SearchPro, a Web-based qualified plan provider search and benchmarking tool.

CAPTRUST Financial Advisors today announced the opening of its newest regional office located inside greater Minneapolis-St. Paul.