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Robert Moore jumps ship at LPL
One-time heir apparent to Mark Casady to lead asset manager Legal & General Investment Management America, an institutional money manager.
The loudest shouldn't speak for everyone
Time for advisers to tell industry groups pushing hard against a fiduciary rule that they're tired of the rhetoric — and that they're not acting in advisers' best interests.
Robert Benmosche remembered as tenacious, fair by colleagues
Industry colleagues, from Hank Greenberg to Don Marron, recall the former MetLife, AIG CEO, who passed away at 70 Friday after a battle with cancer.
Inflated postage charges to clients continues to dog IBD
Mid-sized independent broker-dealer Newbridge Securities Corp. recently agreed to pay $850,000 to settle a class action suit that alleged price gouging by the firm over what it charged clients for postage and handling of their securities transactions. The original complaint alleged that Newbridge
LPL shakes up Fortigent HNW consulting group
Once restructuring is completed, the company expects $3 million in annual savings after taking $9 million charge to move Fortigent unit to corporate headquarters in Charlotte, N.C.
RCS Capital Corp. suffers big revenue hit in fourth quarter
Fallout from ARCP hurt wholesaling unit but executives remain confident in recovery.
Vanguard finds another way to get its ETFs in your clients' hands
With new presence in the ETF strategist game, Vanguard wins Envestnet, Cambridge and more retirement-plan business.
Stifel to acquire Sterne Agee for $150 million
$150 million acquisition adds about 730 advisers and independent reps managing more than $20 billion in client assets to the St. Louis firm run by Ron Kruszewski.
Art Tambaro, former Royal Alliance chief, returns to the securities industry
Longtime industry exec to use Cetera's First Allied as broker-dealer in setting up OSJ.
Transamerica Financial Advisors finally taps a CEO
One of the primary architects of the brand's broker-dealer mergers, Seth Miller, to lead firm.
Raft of new annuity products has broker-dealers scrambling to train reps
As new annuities gain in popularity, broker-dealers are getting reps up to speed on using them as part of a comprehensive retirement income plan.
In a twist, ex-Cabot Lodge compliance officer recants, says he was wrong
Akerman apologizes to SEC for whistleblower allegations against the broker-dealer and CEO Frydman.
SEC's Gallagher slams White House fiduciary memo as 'propaganda'
Commissioner says administration ignores industry's stiff oversight by market regulators.
Stifel deal for Sterne Agee would beef up IBD ranks
A potential acquisition of Sterne Agee Group Inc. by Stifel Financial Corp. would greatly bolster Stifel's presence in the independent broker-dealer industry.Stifel has 1,943 employee reps and advisers in the in the traditional employee model of retail brokerage, but only 188 in the independent
LPL to cut bonuses to employees, top management
Top executives at the firm are among those facing smaller bonuses after a year of discouraging financial results.