WestPark Capital CEO Richard Rappaport says Newport Coast Securities is closing and that he is being selective in who he hires from the broker-dealer.
The adviser-owned independent broker-dealer is in “serious discussions” to be acquired by a larger firm, with LPL, Cambridge, and others as potential suitors.
Shine a light on the many talented, successful women who serve as role models and leaders in the industry.
Already expected to spur consolidation among broker-dealers, the DOL fiduciary rule could also hasten RIA mergers.
Decision paves way for its biggest asset, Cetera Financial Group, to emerge as a privately held company.
Life insurance and annuity carriers are focused on growing distribution through brokers. Direct-to-consumer sales, though, reign king.
Anthony Diaz, under federal indictment for fraudulent sales of alternatives, embodies the criticisms of the likes of Sen. Elizabeth Warren.
Latest lawsuit alleges widespread misuse of investor funds abetted by the brokerage firm.
How can those suing to quash the DOL rule, like SIFMA CEO Ken Bentsen Jr., claim to also support its premise?
CEO Ron Kruszewski says margins were lower in the wealth management group because of its recent acquisition's independent advisers.
Ryan Parker joins RIA in the latest of many executive departures from LPL in the past few years.
Records of thousands of clients were exposed to foreign hackers, regulator claims.
Recent 'Last Week Tonight' segment is just one example of the growing awareness of this issue.
Plus: Soros fights Brexit with scare tactics, what the Queen thinks about the Brexit vote, the smart-beta evolution, and alternative retirement lifestyles
Sweep reminds broker-dealers they're going to be held accountable for hiring brokers who prove not fit to work in the industry.
Pershing COO says B-Ds are caught in a vise and need help with easing internal expenses.
The DOL fiduciary rule will forever change financial advice, and the industry now faces the challenge of adapting to the new regulation.
The mergers we may see as a by-product of the DOL rule are likely to be trickier — and more permanent — affiliations, and advisers will need to do their homework.
Advisers choosing models with the most support forgo up to 25% of profits.
