What Small Firms Need to Know About Due Diligence
According to FINRA, small broker/dealer firms should strategically use their limited resources to conduct effective due diligence on private and...
Tag: Broker/Dealers
IRI Urges New Jersey to Keep Advisers, Broker/Dealers ‘Independent’
The Garden State has proposed labeling investment advisers and broker/dealers ‘employees’ rather than ‘independent contractors.’
Independent RIAs to Increase by 12% by 2028
Over the next three years, independent registered investment advisers will be the fastest-growing portion of the advisory landscape, according to...
LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
Dan Arnold is out effective immediately for statements made to employees that ran afoul of policy; Rich Steinmeier, chief growth...
Asset Managers Should Adopt Holistic View of DC and Retail Markets
Asset managers can support defined contribution ‘dabbler’ and 'nonproducer’ advisers in managing their practices, Cerulli recommends.
SEC Imposes $79M in Fines on Advisers for Recordkeeping Violations
Ten firms were fined for using unapproved off-channel devices for business related communications.
SEC Charges Wells, BNP, Others With Electronic Communications Misuse
11 Wall Street firms admit wrongdoing and agree to pay $289 million in fees for improperly using messaging systems like...
SEC Eyes Data Collection Conflicts in New Comment Request
SEC Chair Gary Gensler says the emergence of new investment technologies that embrace gamification and collect user data raises questions as to whether investors are appropriately protected.
Ambitious Firms Seeking Vertical Integration in the Financial Services Industry
The concept of ‘vertical integration’ is historically association with heavy manufacturing industries such as steel production, but it is increasingly...
Mergers and Acquisitions Hit Hard by COVID-19
Between March and May, there were only 10 RIA transactions and two IBD deals, according to Fidelity.
PANC 2019: Learning From Adviser M&A Transactions
Why two advisory practices decided to sell and become part of a larger benefits broker and a wealth management company.
Industry Demands Delay of New Jersey Fiduciary Regs, Deference to SEC
Advocacy and lobbying organizations representing the interests of brokers/dealers and investment advisers operating in New Jersey continue to voice their disapproval of the proposed regulations.
Fund Manager Comments to SEC Bemoan ‘Flawed’ Disclosure Framework
“Because funds bear the cost of shareholder report delivery, intermediaries have little incentive to negotiate lower delivery rates with the fulfillment vendor or otherwise control costs,” the Investment...
Many Asset Managers De-Channel Their Salesforces
They see the differences between wirehouses, broker/dealers and registered investment advisers blurring.
GRP Offers Accommodation B/D Services
To ensure regulations compliance and proper treatment of broker/dealer income, Global Retirement Partners (GRP) will offer access to accommodation broker/dealer services.
Pershing Unveils Retirement Plan Network
Pershing rolled out the Retirement Plan Network, which aims to help broker/dealers, investment advisers and registered investment advisers (RIAs) expand their retirement business.
Industry Groups Urge No Further Rules for Brokerage Windows
Responding to a request for information from the DOL, most industry groups said they believe no further regulation is necessary to govern use of brokerage windows in retirement...
GRP Recruits Three from 401(k) Advisors
Three 401(k) Advisors consultants—Austin Gwilliam, Jason Jeskey and Kyle Posvistak—have joined Global Retirement Partners (GRP).