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Securities America buying insurance-based B-D
Sunset Financial Services has 268 affiliated reps and $2.4 billion in client assets.
Thompson's former nontraded REIT drops nearly 30%
Investors in a nontraded REIT launched by Tony Thompson, the one-time noted real estate sponsor, were told last week that the net asset value of the REIT had eroded by nearly 30%.
Penny stock bust includes ex-husband of 'Sopranos' star
One of those arrested, Abraxas 'A.J.” Discala, was married to Jamie-Lynn Sigler
Merrill Lynch team with $592M in assets moves to LPL
A team of six Merrill Lynch Wealth Management financial advisers, now known as IHT Wealth Management, has joined LPL's broker-dealer and hybrid RIA platform in downtown Chicago. The six advisers — Steven Dudash, Alex Papadopoulos, Orlando Ochoa, Ryan Wittig, Peter Arboleda and Scott Staley —
Liquidity events heating up REIT market this summer
Liquidity events of nontraded real estate investment trusts are heating up during the dog days of summer. This month already has seen one liquidity event — meaning a merger or a listing on an exchange; while a significant nontraded health care REIT is reportedly in talks to be acquired.July has
Finra asks for delay in implementing rule affecting nontraded REIT customer statements
Changes would not take effect until 18 months after SEC signs off, three times longer than originally proposed.
LPL losing a top recruiter
LPL is losing one of its leading recruiters, in the wake of three other recruiters resigning in the past year and a half.
As economy improves, veteran advisers stay put
Strong market performance keeps most clients and advisers in place. Check out our database to see who's moving where.
Opinions on bull market split following most recent run-up
After the S&P 500 reaches new heights, new questions surface on whether the market is headed up or down.
Investors Capital shareholders back Schorsch's RCS Capital merger
Investors Capital Holdings Ltd. said Tuesday its shareholders had approved the terms of the merger with RCS Capital Corp., best known by its ticker symbol RCAP. Announced last October, the deal is scheduled to close on Friday, Investors Capital said in a statement Tuesday. Buying Investors Capital
Securities America buying Dalton Strategic Investment Services
Trend of small and midsize broker-dealer mergers and acquisitions continues to build.
Sterne Agee confirms CEO was fired after investigation report
Sterne Agee Group Inc. on Monday confirmed that the decision to fire its former chief executive, James S. Holbrook, came after the firm was notified by federal investigators that he was the target of an investigation. “The firm was notified that Mr. Holbrook is the subject of an investigation” by
LPL acquiring retirement plan broker-dealer
LPL gets back in the broker-dealer M&A hunt, adding to their retirement arm via Financial Telesis' 470 reps and RIA.
Why some brokers stand by commissions
Some brokers say the math in moving to a fee-based model just doesn't add up for clients.
Indie reps happier at work than employee advisers: J.D. Power
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. See how your firm ranks
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