Tag: Broker/Dealers

The September issue of The Cerulli Edge: U.S. Asset Management Edition addresses how asset managers are utilizing new techniques to increase access to advisers.

John Hancock Financial Network (JHFN) has launched an effort to expand growth through its retirement planning platform and has hired industry veteran Bruce Harrington to lead the effort.

Morgan Stanley Smith Barney (MSSB) has appointed Managing Director James F. Walker to lead the Consulting Services Group.

Arthur J. Gallagher & Co. has acquired Old Greenwich Consulting Group based in New York, after acquiring Benefits Unlimited in early August.

Ed O’Connor has joined Morgan Stanley Smith Barney as managing director and the head of Retirement Services.

The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch $500,000 for failing to provide sales charge discounts to customers of eligible purchases of Unit Investment Trusts (UITs).

A New Mexico judge has approved an unusual plea deal in a securities fraud case allowing a former Albuquerque stock broker accused of fleecing clients in order to...

Wells Fargo Advisors Financial Network, LLC (WFAFN) says it “expanding and realigning” its Supervision Team in anticipation of continued growth in its independent financial advisor...

International insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired Benefits Unlimited, Inc. in Houston, Texas.

CAPTRUST Financial Advisors has expanded its new Texas presence with a Fidelity hire.  

As part of the acquisition of National Retirement Partners (NRP), NRP employees will join LPL Financial to will form a new division called LPL Financial Retirement Partners. 

LPL Financial Corporation is acquiring National Retirement Partners Inc. (NRP).

Britain's financial regulator has fined and banned a former broker for manipulating oil prices by buying more than seven million barrels while on a drinking binge.

Charles Schwab, has announced additional details on the integrated technology platform the company is developing.

As part of a rollout of tools and resources to help advisers transition to new cost basis reporting requirements, Charles Schwab announced a new report to help advisers...

Bank of America Merrill Lynch plans to launch a discount online brokerage aimed at young and new investors on Monday, according to published reports.

Joseph B. (Joby) Gruber has been named president of national sales and marketing for American Portfolios Financial Services (APFS).

John A. Pickett has joined Raleigh, North Carolina-based CAPTRUST Financial Advisors, leaving RBC Wealth Management’s Institutional Consulting Group.

Commissions paid by institutional investors to brokers on trades of U.S. equities are falling far short of projections to this point in 2010, according to Greenwich Associates.

Pershing LLC, a BNY Mellon company, has launched an educational initiative about international investing to help its introducing broker/dealer (IBD) and independent registered investment adviser (RIA) customers capitalize...