What are Friends For...

RCS Capital’s purchase of Cetera Financial on Thursday makes the relatively new Schorsch company the industry’s second-largest independent broker/dealer network by headcount. The Cetera merger brought RCS Capital's advisors headcount on its reta...

SIFMA’s new CEO and President Ken Bentsen called out the Financial Stability Oversight Council, saying the group charged with facilitating coordination and communication between government financial agencies is not going far enough...

The ETF managed portfolio space now consists of 645 strategies from 150 firms and total assets of $86 billion. But it is still “the wild, wild west”—a fragmented and immature market, said Ben Johnson, director of global passive...

Wealthy LGBT investors take a more conservative approach to investing and are less diversified than non-LGBT investors, according to a new study by Spectrem Group. LGBT investors have 15 percent of their assets in stocks and bonds and 13 percent ...

Lately the industry’s been a bit obsessive over “the great wealth transfer” and how advisors can appeal to Next Gen investors. But a new PriceMetrix study shows these clients are not as coveted as previously thought...

Focus Financial Partners obtained a $400 million credit facility on Tuesday, just in time for the company’s eighth birthday. The deal allows the firm to do more deals in the coming months, as well as increase its support staff and lending...

The JOBS Act, signed into law in April of this year, includes a provision that allows hedge funds to be able to advertise and perform general solicitations, including posting private offering documentation. And while hedge funds are still...

It’s never been more important to establish proactive routines to protect client information. Because at the end of the day, if an advisor has a contract indemnifying trades and actually does process a fraudulent trade—even if it came...

The revolving door between Wall Street executives and Washington regulators should not be decried, but perhaps celebrated. Former Senators Barney Frank and Chris Dodd told reporters Wednesday that the investing public actually benefits from those...