Nebraska-based Securities America, the independent broker/dealer owned by Ladenburg Thalmann, has acquired Wall Street Financial Group, a small IBD based in Fairport, N.Y. The deal comes on the heels of the firm’s purchase of Foothill...
Tim Welsh, president of Nexus Strategy, says the five mega trends impacting the advisory space are: the growth and evolution of the U.S. wealth market, the fiduciary standard, the evolution of digital advice, the aging of human advisors and the...
Transactions in the registered investment advisor industry are on pace to beat the record set in 2015.
According to a Schwab Advisor Services report that tracks merger and acquisition activity in the RIA space, 52 deals were made in the first ...
Cetera Financial Institutions, Cetera’s self-clearing broker/dealer focused solely on community banks and credit unions, has appointed LeAnn Rummel as its new president, taking over that responsibility from CEO Catherine Bonneau...
LPL Financial reported net income of $48 million, or 53 cents a share, for the second quarter, down 5 percent from a year ago, beating analysts’ expectations by 9 cents, according to Seeking Alpha...
(Bloomberg) -- UBS Group AG beat analysts’ second-quarter profit estimates and said it’s on track to cut costs by 2.1 billion Swiss francs ($2.2 billion) through 2017, with Chief Executive Officer Sergio Ermotti struggling with a...
U.S. Securities and Exchange Commission Chair Mary Jo White has made numerous public comments that show the SEC is considering former Commissioner Daniel Gallagher’s recommendation to allow third-party firms to conduct regulatory...
(Bloomberg) -- Bank of America Corp., the second-biggest U.S. bank by assets, said second-quarter profit fell 21 percent as the firm took an accounting charge and posted a decline in wealth-management revenue...