Peter Dorsey, TD Ameritrade’s new managing director of institutional sales, has this tip for advisors: restrain the urge to tell potential clients what you know at the get-go.
Mark Quam came from the non-traded REIT world, so he knows how hard it is to make money in that space. But he also understands the downsides to the investment—high fees, limited liquidity, and little transparency.
A $4 million revenue producing team from Wells Fargo Advisors Financial Network (FiNet) has jumped ship to Raymond James Financial Services, the firm’s independent contractor unit.
Very few "terminated" brokers find work again in the industry,
regardless of circumstances. What firms will hire them? Author and
financial advisor Josh Brown looks at the numbers to find out.
A Financial Industry Regulatory Authority arbitration panel ruled Tuesday that Merrill must pay $10 million to two brokers, Meri Ramazio and Tamara Smolchek, for preventing them from collecting deferred compensation when they left after Bank of...
American Funds, which has notoriously and historically been media-shy, is now trying to change that, at least with advisor-facing publications. And there’s good reason for the change.
Critics of a fiduciary standard for stockbrokers beware: A recent study released in early March suggests that application of a fiduciary standard to the broker/dealer model wouldn’t have the terrible...
Raymond James Financial announced this morning that it has closed the deal to purchase regional firm Morgan Keegan from Regions Financial Corp. for $1.2 billion in cash. The combined firm will have 6,500 advisors and $372 billion in total client...
RIA aggregator Concert Advisor Services has launched a new hybrid platform, Concert Advisors, and partnered with independent broker/dealer LPL Financial to provide brokerage and custody services.
