Broker-Dealers

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  1. Articles

    Audit deficiencies could lead to higher regulatory costs for B-Ds

    Broker-dealers will need to be more selective in finding an auditor who knows the industry.

  2. Articles

    $450 million hybrid RIA network launches with LPL

    Financial Advocacy Network, a collective of 13 advisers with $450 million in assets, is hoping to grow to $1 billion in five years

  1. Articles

    LPL losing another top member of investment management team

    LPL Financial is losing another key member of its investment management roster. Scott Welch, co-founder and chief investment officer of high-net-worth adviser and consultant Fortigent, will leave the firm. Fortigent is a wholly owned subsidiary of LPL Investment Holdings Inc.Word of Mr. Welch's

  2. Articles

    Finra accuses indie B-D of falling down on anti-money laundering supervision requirements

    Aegis Capital is accused of facilitating an alleged penny stock scheme that generated $24.5 million in profits for clients and $1.1 million in commissions for the firm.

  3. Articles

    LPL's chief investment officer reads market tea leaves

    Burt White is sticking to his previous call that stocks will produce 10% gains in 2014, with room potentially to move slightly higher.

  4. Articles

    Adviser movement heats up the dog days of summer

    This week's top InvestmentNews stories feature an LPL exec's exit, potential pitfalls for brokers changing jobs, a flurry of adviser moves and a high-profile lesson in trust planning.

  5. Articles

    Financial Telesis adviser with $700M bolts to Commonwealth

    A Financial Telesis Inc. adviser with $700 million in assets under management has bucked LPL Financial's recruiting and signed on with Commonwealth Financial Network.Benjamin W. Wong, who runs an eponymous financial planning firm in Pleasanton, Calif., has joined the custody and clearing firm with

  6. Articles

    Schorsch picks up yet another midsize IBD

    Nicholas Schorsch continues to add midsize independent broker-dealers to the Cetera Financial Group Network, and on Wednesday night announced plans to acquire Girard Securities Inc.

  7. Articles

    Clearing firms ranked by broker-dealers served

    FirmAddressCity, State ZipPhoneWebsite# of clients% changePrimary contact for B-DsPhone/ e-mailPershing LLC1 Pershing PlazaJersey City, NJ 07399(201) 413-2000pershing.com811-3.3%Michael B. Row (Managing director)brokerage.info@pershing.comNational Financial Services LLC200 Seaport Blvd.Boston, MA

  8. Articles

    LPL's chief market strategist resigns

    The indie B-D behemoth is facing more turnover at the top, this time among its team of investment management professionals.

  9. Articles

    How will LPL's new tech platform measure up against the competition?

    Questions remain about whether ClientWorks will be on par with other third-party open architecture platforms for advisers.

  10. Articles

    Integration of Schorsch BD empire gets underway

    RCS Capital Corp. is beginning to tie together its nine disparate retail broker-dealers, and on Tuesday morning said it will offer services from one broker-dealer across the various platforms of the others. Included in those changes will be combining due diligence and research groups at the start

  11. Articles

    Larry Roth: Defining the next 10 years for independent broker-dealers

    Larry Roth, CEO of Cetera Financial Group, warns against consolidation at the expense of client and adviser relationships.

  12. Articles

    LPL cranks up oversight in response to regulators

    LPL Focus 2014: Firm CEO Mark Casady tells 3,500 advisers to be ready for more requests for documentation and background.

  13. Articles

    Brokers' own accounts tip off firms to a move

    Brokers who make large drawdowns from their investment accounts may be showing their hand before breaking away.