Diana Britton

Managing Editor

Diana Britton is the Managing Editor of WealthManagement.com, covering asset management and independent broker/dealers from all angles. A native of Los Angeles, she now lives in Queens, N.Y.

Old-Fashioned Exams
While FINRA considers revamps to its Series 7 exam, some say the tests are outdated barometers of competency in an industry that has changed.
RCAP Appoints New General Counsel
RCS Capital (RCAP) has appointed Mason Allen as its new general counsel, taking over for James Tanaka immediately.
Bear Market, Managed Futures Funds Held Up in August Downturn
While the S&P 500 Index plunged 9.43 percent during the week of Aug. 17, bear market funds gained 14.52 percent, and managed futures funds were up 0.21 percent, according to Morningstar data.
FINRA’s Proposed Exam Change Could Be a Boon for Recruiting 2
Under a new FINRA proposal to restructure exams for stockbrokers, individuals could take a general knowledge exam, similar to the current Series 7, without a sponsoring firm. Observers suggest that could have a profound impact on recruiting.
NYSE to Delist RCAP If Stock Price Doesn’t Improve
The NYSE may delist RCS Capital if the firm doesn’t get its stock price above $1. At the same time, a Massachusetts regulator charges Realty Capital with fradulently casting shareholder proxy votes.
TD Ameritrade CEO Fred Tomczyk to Retire in 2016
TD Ameritrade President and CEO Fred Tomczyk is set to retire in September 2016; TD Bank's Tim Hockey will succeed him.
J.P. Morgan to Pay $350,000 in Defamation Claim
Last week an arbitration panel ordered J.P. Morgan Securities to shell out $350,000 in compensatory damages to a former registered rep.
As Apollo Deals Sour, RCAP Repositions as Retail Only
Private equity manager Apollo will now buy RCAP’s wholesale b/d business for $6 million, down from $25 million previously announced. Meanwhile, RCAP repositions as “Cetera-only organization.”
Morningstar’s Wong: DOL Rule Could Cause Advisors to Exit 6
If the Department of Labor’s fiduciary rule passes, we could have a United Kingdom-type situation on our hands—with certain financial advisors heading for the exits, says Morningstar’s Michael Wong.
City National Deal Beefs Up RBC’s Lending Power
Now that RBC's deal to acquire City National is closed, the firm will make City's lending capabilities available to its 2,100 advisors.
Five Takeaways From LPL's Earnings
LPL’s third quarter was characterized by a decline in earnings and lower advisor headcount. Looking ahead, the firm expects lower regulatory costs and potential acquisitions in the six to eight times EBITDA multiple range.
The Top 18 Big Cities For Creating Wealth
Where does your city rank? Here, the list of the top cities for building wealth based on after-tax surplus income, residential real estate market and participation in retirement plans, among other factors.
Ten to Watch 2016: John Wise
When John Wise launched InvestCloud in 2010, he did it using a patented technology called “Programs Writing Programs,” allowing the creation of new iterations of programming without the need for a lot of new code.
Ten to Watch 2016: Stephen Clarke
In 2011, Eaton Vance created Navigate Fund Solutions to develop the non-transparent ETFs structure, dubbed “exchange traded managed funds.” Stephen Clarke, a former senior vice president of Old Mutual Asset Management, led the effort.
American Realty Capital Properties Rebrands to VEREIT
American Realty Capital Properties, the non-traded REIT sponsor mired by troubles last year related to a $23 million accounting error, has changed its name to VEREIT. The new name comes from the word “veritas”—the Latin word for “truth.
Industry Newsletters
Investment Category Sponsor Links
Planning Investment Category Sponsor Links
Wealth Planning Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×