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Creating new position, LPL hires a chief technology officer
LPL Financial on Monday announced it had hired a chief technology officer, filling a newly created role at the nation's biggest independent broker-dealer. In his new role, David Wright will be responsible for technology security, overseeing infrastructure operations and developing technology
Recent fine may hasten LPL Financial's shift to fee compensation
The broker-dealer acknowledges the growing importance of its fee and advisory businesses
LPL Financial fined $11.7 million for 'widespread supervisory failures'
Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
The independent broker-dealers with the biggest revenue and asset gains in 2014
Revenues at the largest independent broker-dealers grew 10.3% year-over-year in 2014, a figure in line with the broad market but below the 13.2% year-over-year revenue increase in 2013.While LPL Financial and Ameriprise dominate the independent broker-dealer industry based on total revenue, a group
The latest ranking of independent broker-dealers by rep head count
Even if recruiting at independent broker-dealers has hit a wall, the industry still features a number of firms with expanding numbers of registered reps.
The independent broker-dealers that offer the highest average payouts
In 2014, independent broker-dealers enjoyed double-digit revenue increases, but adviser recruiting slowed considerably.While adviser movement may have decreased in 2014, average payouts remained robust at the industry's best-paying firms. We've ranked the top-paying independent broker-dealers based
LPL Financial's Dan Arnold is managing amid complexity
Robert Moore's successor as LPL president talks about his earlier career and the challenges facing the independent broker-dealer industry
CFP Board eliminates government relations position
At a time when the investment advice industry is watching developments in Washington more closely than ever, the Certified Financial Planner Board of Standards Inc. is shelving part of its lobbying function.At the beginning of the month, the organization laid off Todd Cranford, who had been
Former Cetera owner Don Marron returns to the investment advice business
Industry vet says the future lies in retail, with baby boomers retiring and workers being moved to defined contribution plans away from pensions.
Brokerage executives enjoying steadily increasing payouts
As markets thrive and wealth management becomes a focus at major firms, brokerage execs like Morgan Stanley's Greg Fleming enjoy bigger paydays.
March Mayhem Final Results
The final round is over. Here are the results.Final Round 1 38%Bill Gross speaks out on Pimco exit vs. 2 62%Schorsch discloses serious accounting errors; CFO out
March Mayhem Results Round Four
Round 4 is over. Please click here for Round 5 of March Mayhem!On the Move VS. News You Can Use 1 54%Bill Gross speaks out on Pimco exit vs. 2 46%Supreme Court suit to shake up retirement plan advisers Water Cooler VS. Breaking News 1 39%Morgan Stanley's Hunger Games-inspired video vs. 2
March Mayhem Round Five
Vote on which story is bigger: Bill Gross discussing his Pimco departure, or Schorsch's American Realty Capital's accounting errors
March Mayhem: Round Four
Which story do you think is the best? Place your votes all week and find out which story will reign supreme. Round 3 is over. Click here for the results. For Round 4, place your votes by 4 p.m. Thursday.
March Mayhem Results Round Three
Round 3 is over. Please click here for Round 4 of March Mayhem!On the Move 1 68%Bill Gross speaks out on Pimco exit vs. 2 32%Merrill asks $2.5 billion team to leave News You Can Use 4 26%Publication of Robin Williams' trusts highlights privacy concerns vs. 2 74%Supreme Court suit to shake up