Watch breaking news videos and read news updates about Independent Broker-Dealers on investmentnews.com
Job cuts at Advisor Group
Advisor Group, the IBD owned by AIG, laid off employees this week. Sources outside the company said the lion's share of the layoffs came from Woodbury Financial Services.
Ex-LPL adviser charged with stealing $2M from clients
LPL finds itself in the headlines for the third time this week as a former adviser gets charged by the SEC for stealing $2 million from clients.
Citing change at the firm, brother and sister team splits Morgan Stanley
A brother and sister team with strong family ties to Salomon Smith Barney have left Morgan Stanley to go indie. The brokerage, said the brother, 'wasn't the same company we grew up with'.
Ketchum suggests brokers falling short in discussing risk
Finra chief says fixed income, structured products demand straight talk to clients.
LPL hit with largest Finra fine ever for e-mail case
Finra on Tuesday slapped LPL with a $7.5M fine, its largest ever for an email-related case. The brokerage allegedly failed to adequately oversee 28 million electronic messages over a four-year period.
In regulatory cross hairs, broker-dealers are putting limits on products and revising policies.
B-Ds reining in sales of alternatives
Broker-dealers, feeling the heat from regulators, are changing how they sell alternatives. Bruce Kelly has all the details.
Securities America expands in financial institutions market
Securities America Inc. has signed agreements with six small financial institutions to have financial advisers offer consumer investment services to bank customers and credit union members. The six institutions, located in five different states, have a combined total of $3.75 billion in assets.
J.D. Power: Satisfaction with investment firms up
Investor satisfaction with large investment firms continues to inch higher since plummeting in 2009, and the firms with the top scores have clients who are very happy with their financial advisers and investment performance, a new survey has found.
Deal to go private knotted for NFP
Just as it is preparing to go private with a sale to private-equity buyers, insurance broker and benefits roll-up firm National Financial Partners Corp. faces hurdles created by its independent broker-dealer, NFP Advisor Services Group.
Attracting new blood a challenge
With the decline in the ranks of financial advisers showing no signs of abating, large broker-dealers and individual investment advisers are faced with the stark challenge of figuring out how to bring fresh blood into the investment advice business.
Moving from wirehouses pays off
Breaking away from the wirehouses has paid off handsomely for financial advisers over the past five years, according to a new study from Fidelity Investments.
Satisfaction with advisers climbing; RBC, Fidelity lead the pack, J.D. Power says
Investors' approval of their advisers continues to increase after dropping sharply in the aftermath of the credit crisis. Liz Skinner tells why.
Legal fallout, competition dog NFP as it seeks to go private
Just as it's preparing to go private with a sale to private-equity buyers, insurance broker and benefits roll-up firm National Financial Partners Corp. is facing hurdles created by its independent broker-dealer, NFP Advisor Services Group. First is the potential costly legal fallout from NFP
Adviser numbers will continue to slide: Cerulli
Financial adviser and IBD headcounts continue to shrink as training can't catch up with the drain of talent. But how's the rest of the business faring?
Explore your opportunities and be informed for your next move.
Harley Gordon, CLTC