For those advisors employed at national broker firms, overall satisfaction took a hit as markets remain uncertain. But helping to boost firms’ approval ratings is the investments firms have made in areas like technology, leadership and some busin...
Merrill Lynch released its compensation plans for 2016 on Wednesday and while it is not changing the payout for its bigger-producing brokers, it increased the productivity range thresholds by $50,000 for advisors who generate less than $1.5...
Just a day after Moody’s downgraded its debt, RCS Capital said it will shut down its wholesale broker/dealer business to focus on the retail brokerage business Cetera Financial Group...
Moody’s Investors Service on Tuesday downgraded RCS Capital's (RCAP) corporate credit rating from B3 to Caa1 with a negative outlook. Moody’s cited the firm’s diminished ability to pay down its debt from ongoing...
A majority of advisors say Wells Fargo’s cross-selling policies do not hurt their business, but is that set to change as regulators ramp up their scrutiny?
The Wall Street Journal reported the Office of the Comptroller of the Currency and the ...
RCS Capital (RCAP) has appointed Mason Allen as its new general counsel, taking over for James Tanaka immediately...
The emotional and financial freedom many advisors have been waiting for is set to arrive in early 2016. That’s when the notes attached to many retention packages—offered in the wake of the 2009 financial crisis to more than 5,000...
Gone are the days when fund wholesalers wooed advisors with gifts of golf balls and steak dinners. Now, fund companies lure advisors to their booth at conferences with a bedazzling array of tchotchkes. Here, some of the best swag from Schwab...
Orion Advisor Services and WealthSite are partnering to develop Orion Private Asset Platform, a new management and reporting tool for advisors of high-net-worth individuals, the firms announced at the Schwab IMPACT conference in Boston.
Privat...
