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.
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.
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.
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.
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, 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.