practice management
B/D Advice
As retirement plan advisers increase in number, independent broker/dealers are building their support services
Tag: Broker/Dealers
LPL Promotes National Sales Manager
Independent broker/dealer LPL Financial Corporation has promoted Derek Bruton, national sales manager, Independent Advisor Services (IAS), to managing director of the company.
practice management
Taking the Bull by the Horns
Following its Merrill Lynch acquisition, Bank of America aims to make a serious play in the retirement market
Wirehouses Plan Retention, Recruitment for 2010
Wells Fargo and Bank of America (BofA)’s Merrill Lynch plan to add more brokers to catch up to Morgan Stanley Smith Barney.
SEC-BofA Settlement Receives Judge’s Approval
A long-brewing regulatory conflict ended today as a U.S. District Judge approved Bank of America’s (BofA) $150 million settlement with the Securities and Exchange Commission (SEC).
BofA Snags Tighe from MSSB
Bank of America Merrill Lynch’s wealth management unit poached Morgan Stanley Smith Barney executive Jimmy Tighe to serve as a senior office responsible for business and resource integration,...
Fund Managers Question Global Economic Recovery
The latest BofA Merrill Lynch survey found that fund managers are retreating into cash as skepticism rises over economic recovery in Europe and China.
FINRA Proposes More BrokerCheck Expansions
The Financial Industry Regulatory Authority (FINRA) said it wants to make available more public complaints and other information through the BrokerCheck service.
Broker Held Accountable for Sister's Investment Losses
A woman who sued her stockbroker brother won $608,000 under the decision a Financial Industry Regulatory Authority (FINRA) arbitration panel.
Wells Fargo Advisors Introduces Succession Planning, Market Valuing System
Wells Fargo Advisors Financial Network, LLC, said it now offers a new program to help its advisers determine, build, and monitor the value of their practice.
Thain Gets New Gig at CIT
John Thain, the former chairman and CEO of Merrill Lynch, is now the chairman and CEO of CIT Group Inc., which provides finance to small businesses and middle-market...
UBS Reshuffles Wealth Management Americas
UBS Wealth Management Americas is reportedly reorganizing the existing three divisions of its U.S. retail brokerage into two divisions.
BofA Settles with SEC, Faces Suit from Cuomo
It was a big day for Bank of America (BofA), as the bank settled one lawsuit and was handed a new one.
How Many Brokers Really Went Independent in 2009?
Top custodians said they attracted more advisers to independence in 2009.
Advisers Say How Fiduciary Standard Could Change Business
If implemented, financial advisers said a fiduciary standard would put an increased focus on financial planning and fee-based advisory services, according to an industry report.
TD Bank to Shut Down Advisory Unit
TD Bank Financial Group is phasing out its financial advisory business, but keeping its high-net-worth division, according to reports.
Klepacki to Run Delaware Investments' Third-Party B/D Distribution
Delaware Investments, a member of Macquarie Group, has hired Jeff Klepacki to run its third-party broker/dealer (B/D) distribution activities.
Court Refuses Broker Appeal for Pension Fraud Conviction
A federal appellate court has rebuffed a bid by former investment broker Nathan Chapman Jr. to overturn his conviction for fraud against the Maryland state pension system on...
LPL Names Bruton Head of Hybrid RIA Platform
LPL Financial Corporation said that Derek Bruton, executive vice president and national sales manager, has assumed oversight of the company's Hybrid RIA platform.