Advisers should take a deliberate approach to charting their future. Here's what to look for.
Commonwealth Financial Network managing principal John Rooney says a combination of higher costs and less revenue, thanks to the DOL fiduciary rule, will cause widespread consolidation of independent broker-dealers.
Regulator focuses on potential violations regarding misrepresentations, suitability, and supervision
Robert W. Cook, the former director of the division of trading and markets for the SEC from 2010 to 2013, will take over the reins of the brokerage industry regulator.
Black Friday sales come early for buyers of independent broker-dealers as a slew of available firms puts pressure on prices.
It may be more essential to negotiate how a note is forgiven than the amount of capital that is being offered.
Industry vet replaces Michael Weil, longtime associate of Nicholas Schorsch.
In moves that indicate across the board belt-tightening at LPL Financial, the company has eliminated as many as 70 jobs and is delaying raises to employees next year by at least six months.
One of the largest networks of independent broker-dealers in the country recently hired a law firm, which in turn will select an investment bank to begin discussions with interested buyers, according to two sources with knowledge of the company's moves.
Activist investor Marcato could demand more of a say in how the company is run in effort to boost its stock price.
Five advisers in New York bail on Merrill Lynch, the second multibillion-dollar wirehouse team to join RJ in the last five months.
William Kahane, one of the co-founders of Nicholas Schorsch's AR Capital, resigns as a director from two real estate investment trusts.
<i>Breakfast with Benjamin:</i> S&P Rating Services has released its global financial services literacy test, which uses four questions to test understanding of interest compounding, inflation, and risk diversification. How would you do?
A deal to sell the broker-dealer outright or to attract a large private equity investor is anticipated by year-end.
Though top officials are keeping mum, industry executives say prospective buyers have been kicking the tires on this indie brokerage with 739 affiliated registered reps and advisers.
Firms pull the plug after Massachusetts <a href="//www.investmentnews.com/article/20151112/FREE/151119971/massachusetts-galvin-charges-realty-capital-securities-with-proxy"" target=""_blank"" rel="noopener noreferrer">charges RCS Capital with fraudulently rounding up proxy votes</a> to support real estate deals sponsored by AR Capital.
Citigroup's Bill Katz questions report that RCAP was shopping Cetera for "fire sale" price
Curtis Rach and Jud Crary join established practice in Irvine, Calif.
John Hancock Financial Network plans to acquire up to 1,100 advisers from Transamerica Financial Advisors Inc., representing roughly one-quarter of those currently affiliated with Transamerica.
Broker-dealer takes action after Massachusetts' securities regulator charged a related company with fraudulently rounding up proxy votes to support real estate deals sponsored by AR Capital.
