By picking up 883 Transamerica advisers and $25 billion in client assets, its Signator Investors B-D now has the scale to compete profitably in era of increased regulation and rising costs.
Edmond Walters, the founder and former CEO of eMoney Advisor, brings a background in technology to the broker-dealer network.
Regulator claims Securities America Advisors and Triad Advisors "acted inconsistently with their fiduciary duties."
Advantage Financial Group and Private Advisor Group take advantage of a policy change to join the organization that represents independent broker-dealers.
One-time heir apparent to Mark Casady to lead asset manager Legal & General Investment Management America, an institutional money manager.
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
Gerald Cocuzzo faces up to 20 years in connection with the $131 million market manipulation scheme of ForceField Energy Inc.
Chris and Brian Cooke partner with the 108-year-old firm for strategic expansion.
The Anderson Financial Group will be based in Madison, Wis.
When the United Kingdom implemented similar legislation a few years ago, about 40% of advisers simply left the business.
CEO says decision preserves choice while recognizing new fiduciary requirements. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule"" target=""_blank"" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>
With bankruptcy case concluded, investors stand to recover $400 million.
Nearly a third now say the rule can help expand their business, up from 17% in January. <b><i>(More: <a href="//www.investmentnews.com/section/fiduciary-faq"" target=""_blank"" rel="noopener noreferrer">A comprehensive, searchable database of advisers' fiduciary FAQs</a>)</i></b>
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
Tech experts are showing, not just telling, advisers that they are vulnerable to online threats
Company cites market volatility and financial uncertainty as factors for pay freeze.
IMS Securities, a shop with around 110 brokers, didn't have adequate supervisory procedures in place to ensure brokers weren't abusing annuity exchanges.
