Tag: Broker/Dealer

About one in 10 brokers reported that they are very unsatisfied with their firms, according to a new survey.

As part of an effort to focus on its core insurance and annuity operations, Great American Financial Resources, Inc. (GAFRI), said it will exit the independent broker/dealer business...

Morgan Stanley Smith Barney’s Consulting Group has named Marc J. Brookman as director of Sales and Thomas Butler as head of Products and Platform Development.

Chris Van Aeken will head International Wealth Management Products and Services at Morgan Stanley Smith Barney, the company announced.

Wells Fargo & Co.’s Wealth Brokerage and Retirement Group saw increasing revenues driven by growth in asset-based fees and brokerage transactions, the firm said.

Morgan Stanley Smith Barney reported an influx of assets and advisers in the first quarter.

Even with clarity from FINRA, broker/dealers have yet to christen social networking.

Issues related to retirement and rising health care costs continue to rank highest among financial concerns for affluent Americans, according to a recent survey.

Wirehouse firms still lead the market share in the wealth management industry, but independent and regional broker/dealers are catching up, a new report found.

Although Merrill Lynch saw sinking revenue and profits, the brokerage unit is helping to keep Bank of America (BofA) in the black. 

Fund managers are taking on more risk in anticipation of a “Goldilocks” recovery in the economy, according to the BofA Merrill Lynch Survey of Fund Managers for April.

Mesirow Financial has hired a new senior vice president in its Retirement Plan Advisory group.

linkedFA, a social networking site for financial professionals, said it now offers a feature to satisfy compliance concerns of brokerage and wirehouse firms.

Bank of America (BofA) said it will enter into human resources partnerships with Hewitt Associates and Plateau Systems, beginning in 2011.

Three female financial advisers have filed a lawsuit charging gender discrimination at Bank of America Merrill Lynch.

National Financial said it has made enhancements to its online service technology resources to help brokers and advisers better initiate and manage service requests.

A new service called 401(k) Rekon aggregates and lists resources offered to financial advisers by 401(k) plan providers.

Fidelity Investments has created a Client Experience organization within its institutional division in order to meet the “evolving demands” of independent advisers, broker/dealers, traders, and family offices.

Fidelity Investments has announced promotions at Fidelity Institutional Wealth Services (FIWS), the firm’s trading, custody, and brokerage arm for registered investment advisers (RIAs), and National Financial (NF), the...