Some would argue independent broker/dealers have been slow to adopt social media. Compliance, perhaps, has been their biggest hurdle. But if these firms are any indication, the IBD world is catching up. And as consumers increasingly turn to social...
LPL Financial has named Bill Morrissey as its new managing director of independent advisor services, taking over for Derek Bruton, who stepped down last week due to concerns over his interactions with other employees...
The St. Louis-based bank beat analysts’ expectations Friday with a 14 percent annual rise in first-quarter net profit. But its Wealth, Brokerage and Retirement unit net income was down slighly and its advisor force fell by over 130 from last...
The ascendancy of the registered investment advisor model continues, and the custodians are reaping the benefits. These firms continue to take a larger share of advised assets, often at the expense of the wirehouses. Here are the top RIA...
Just six weeks after Morgan Stanley tapped Shelley O'Connor to lead the firm's more than 16,000 financial advisers, the managing director sent a memo Tuesday streamlining upper management. The restructuring reduced the three geographic...
Nicholas Schorsch’s RCS Capital Corp.’s recent acquisition spree of independent broker/dealers has put the fear of God into some independent reps thinking “could my firm be next?”
The fear their firms will be acquired, fundamentally changing the...
Alternative investments have been available for many years, and have been particularly popular with institutional investors (such as pensions and endowments), which have sought them out in an attempt to manage risk, improve diversification and...
The majority of advisors participating in REP.’s 2014 Independent Broker/Dealer Report Card indicated that they are likely to remain affiliated with their current IBD during the next year. This is excellent news for independent broker/dealers, es...
