Independent Broker-Dealers

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  1. Articles

    Are brokers being branded with a scarlet 'S'?

    Proponents of a fiduciary standard are ganging up on commission-based advisers through public shaming regarding the Suitability standard.

  2. Articles

    Royal Alliance acquires small independent B-D

    Formerly known as First Midwest Securities, the IBD has 33 advisers and $600 million under management.

  1. Articles

    LPL cuts cash bonuses for top three executives in 2014

    CEO Mark Casady takes biggest hit; $1.5M bonus is down 41% from previous year

  2. Articles

    Five broker-dealer execs no longer at Cetera

    Top managers from First Allied and J.P. Turner have left the sprawling Cetera Financial Group broker-dealer network, with 9,600 registered reps and financial advisers. Whether the exits are part of a broader reorganization is unclear.

  3. Articles

    Investors see few benefits of lower fees in adviser-sold investments

    Managed accounts sold by advisers deflect trend toward lower-fee money management as brokers work to maintain profits: Cerulli.

  4. Articles

    Don Froude stepping down as president of Ameriprise's personal advisers group

    Froude, who oversees about 9,700 advisers, has been in the role since 2008. He will turn his focus to "field initiative and projects" at the company.

  5. Articles

    RCAP back on acquisition trail

    RCS Capital Corp. resumed building out its retail broker-dealer network Thursday, announcing it had closed on its acquisition of VSR Financial Services Inc., a mid-sized independent broker-dealer known for selling alternative investments.

  6. Articles

    LPL adds 50 reps and advisers to banking channel

    IBD inks deal with Southwest financial services company Zions Bancorporation, adding 50 reps and advisers.

  7. Articles

    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.

  8. Articles

    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.

  9. Articles

    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.

  10. Articles

    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

  11. Articles

    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.

  12. Articles

    RCS Capital Corp. suffers big revenue hit in fourth quarter

    Fallout from ARCP hurt wholesaling unit but executives remain confident in recovery.

  13. Articles

    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.