Recruiting young athletes who stand to earn millions of dollars during
their professional careers can be lucrative for financial advisors, but
it requires navigating through a compliance...
Many financial advisors are using social-networking Web sites despite
company directives that prohibit the practice, a recent survey has
revealed.
The parent of independent broker-dealer
LPL Financial Corp. has agreed to renew Chairman and Chief Executive
Mark Casady's employment contract for at least five more years.
Financial advisors are typically lured to new brokerages with generous
promises, but promises don't buy happiness. Contracts do.
If you want to figure out where the next big
financial crisis is coming, watch the proceedings in Washington over
the next two weeks.
A lot of attention has been given to the impact new
financial rules might have on banks, but at least one analyst argues the potential hit on large brokerage firms is being
overlooked.
The big brokerages remain the favored option for restless advisors
looking to change jobs, despite all the attention given to "breakaway"
brokers.
by
Jeff Schlegel
Now that LPL has formally launched its IPO bid, let the speculation begin on what--if
anything--it means for the independent broker-dealer industry.
Brokers are continuing to lose the battle against their former employers
when they wind up in arbitration over signing bonuses gone wrong.
Stifel Financial Corp. hopes to keep its fast-growing advisor count growing, but for now has dialed back its recruiting due to the "heated" environment for chasing talent.
by
Jeff Schlegel
LPL Financial Corp., the nation's largest independent broker-dealer,
said Friday it registered with the SEC in the first step toward becoming a publicly-traded company.
Regulators have approved a change to stop brokers who have been ordered
to pay an arbitration award from using an empty-pockets excuse to keep
their license.
Raymond James Financial Inc.'s private client group has
less than a 3% share of registered investment advisor assets, and sees
tremendous opportunity for growth there.
H.D. Vest Financial continues to add hundreds of new advisors each year and sees plenty of room for growth as a business
linked to that of tax and accounting specialists, thanks to boomers.
by Evan Simonoff And Eric Rasmussen
Building an in-house business consulting group, Derek Bruton is trying to help advisors at LPL adapt to the Darwinian
business climate.
by
Jeff Schlegel
Some broker-dealers have niches that set them apart.
by Riva D. Atlas
Investors who snatched up distressed debt made big money in 2009. Some opportunities remain.
FInra is seeking to expand its
oversight of securities professionals to back-office workers who provide
sales and trading support and handle investor assets.
A securities arbitration panel has ordered Ameriprise Financial Services
Inc. to pay nearly $470,000 to an investor, including sanctions and
legal fees.
Janney Montgomery Scott's quest for quality over quantity gives it a focus to hire new advisors who are outperforming its existing broker base.
