LPL Financial Holdings Inc, the largest independent broker-dealer and registered investment adviser in the United States, is exploring strategic alternatives, including a potential sale, according to people familiar with the matter...
Advisors who spend more of their time on asset gathering and retention activities tend to have higher AUM growth rates and revenue growth than those focused on investment management, according to a new study conducted by FP Transitions and...
While many studies signal a growing debt crisis in America, a new survey of nearly 3,000 U.S. adults indicates that Americans’ debt may not be as big a problem as you’d think. A recent GOBankingRates.com survey found that more than half of U.S...
For years, consumer advocates have called for more frequent review and monitoring of registered investment advisors by the Securities and Exchange Commission. The historically low audit numbers has even led lawmakers to consider other options, su...
(Bloomberg) -- Forget trading. Cross-selling is Wall Street’s new bugaboo...
PricewaterhouseCoopers predicts major changes coming to the financial services industry by 2020, especially in the makeup of a firm’s workforce and how it is recruited, organized and compensated. With automation replacing the bulk of transact...
Janney Montgomery Scott has added two Merrill Lynch groups responsible for managing $800 million in combined assets. The groups will merge and be known as Seaport Wealth Management of Janney Montgomery Scott...
Findings from the FUSE Advisor Trend Monitor Series.
(Bloomberg) -- Lynn Tilton has invited me to her lawyer’s office to explain why she’s not the fraud the U.S. Securities & Exchange Commission claims she is. While she’s at it, the distressed debt mogul elaborates on her...
(Bloomberg) -- Some of the world’s biggest fund managers may soon face new rules designed to ensure they can meet investor redemption demands by easily selling assets...
