The independent b/d industry successfully lobbied to amend a bill recently introduced in California that would prohibit the “willful” misclassification of independent contractors who fit the definition of an employee...
Some advisors have jumped ship from independent broker/dealer Securities America for LPL Financial (NASDAQ: LPLA) following news that parent Ameriprise Financial (NYSE: AMP) would sell SAI. Most recently, a $420 million team in Cornelius, N.C....
“The markets are oversold and have dropped too far, too fast, especially in light of fairly solid fundamentals,” said Terry Morris, senior equity manager at National Penn Investors Trust Company, a division of National Penn Wealth...
Bank of America Merrill Lynch has become the first U.S. underwriter to offer the World Bank’s new green bonds to retail investors in $1,000 denominations...
Sometime in the next couple of months, George Clarke, an African American advisor with Diversified Investment Group in Silver Spring, Md., plans to launch a new non-profit organization aimed at supporting financial advisors of color and creating...
The Pagnato-Karp Group, with $1.2 billion in assets, likens HighTower’s model to those that have leveled the proverbial playing fields in other industries.
