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Why Joe Duran hates the word 'roll-up'
There's a lot of talk about advisers' needing to find a transition plan, and many options are presented to them, including selling to a bank, junior advisers, a peer or the ubiquitous “roll-up.” But there are fundamental questions that must be asked.
Finra board eyes raising arb fees to increase arbitrator pay
Finra is considering raising the fees related to pursuing an arbitration claim against a brokerage firm in order to increase the pay for people who hear the cases.
LPL CEO Mark Casady's Twitter photo proves he's ducking the razor
To benefit an animal-rescue charity effort that LPL is undertaking, LPL's usually clean-cut CEO Mark Casady is growing a beard. This week, he posted a Photoshopped “Duck Dynasty”-style beard on Twitter.
Raymond James advisers employ new financial planning software
A little more than a year after Raymond James introduced its Goal Planning and Monitoring software powered by MoneyGuidePro to its advisers, the firm reports that the software has been used to create 50,000 financial plans.
Why wirehouse advisers should become an RIA
Bill Schwartz, an independent adviser who broke away from Merrill Lynch, says he understands why advisers stayed at wirehouses five or 10 years ago. But today, the game has changed.
Is an acquisition of National Holdings Corp. imminent?
Trading in shares of National Holdings Corp. has surged, and the stock price has rallied sharply, leading some industry observers to wonder if an acquisition might be imminent.
The ghost of private placements past
As the year comes to a close, it's evident that independent broker-dealers are racking up a bonanza from the sale of alternative investment products, namely nontraded REITs. Question is, have firms learned from past mistakes?
LPL signs deal with Millennium Trust for rollover leads
LPL service will allow retirement plan sponsors to shed participants who can't be located or who are nonresponsive.
National Planning slammed with $6.2M arbitration award
In a dispute focused on real estate investments, the indie B-D and a former broker 'breached fiduciary duty, were negligent,' complaint says. Big award comes with split decision.
HighTower grabs Merrill Lynch adviser managing $320M
Laurie C. Kamhi is breaking away from Merrill Lynch Wealth Management's Private Banking and Investment Group, where she managed $320 million for well-heeled clients and institutions.
Finra booted 16 rogue brokers this year, targeted 26 more for 'action'
High Risk Broker initiative led to "concentrated effort" and "material results," Finra CEO wrote in letter to Sen. Edward Markey, D-Mass.
Gold's luster going from bad to worse
Plus: How-to for advisers going solo, global investors bail on Obama, deflating market bubble babble
Raymond James snags Morgan Stanley duo
The advisers, who previously managed more than $934 million, join the firm's employee broker-dealer channel.
Krawcheck: The market giveth, the government taketh away
“There is a cost of overearning in which some of that money gets paid back to the government in fines,” Sallie Krawcheck said Wednesday at The Year Ahead: 2014, a two-day conference sponsored by Bloomberg in Chicago.
Schorsch snaps up Summit for $49M
Nicholas Schorsch and RCS Capital Corp. continue their blistering pace of broker-dealer acquisitions, announcing the acquisition of Summit Financial Services Group Inc. for $49 million in cash and stock.
- Facebook's five-star ratings: The end of business pages for advisers?
- Pimco's El-Erian to step in to shore up $3B multi-asset fund
- Rebound in gold suits big guns Paulson, Soros
- New 3.8% surtax means new tax strategies for business owners
- Mountain of money in nontraded REITs continues to hold Wall Street's attention
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Blaine Aikin CEO, fi360
Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
Justin Wisz Co-Founder & CEO, Vestorly