Community Banks Betting On Wealth Management

Mar 07, 2012

Bruised by the financial crisis and continued low-interest rates, community banks are taking another look at wealth management to bolster their business. Can they make it work this time?

YIELD OF DREAMS: Live From LA - Tapping Talent Through Interns

Mar 06, 2012

Finding and keeping quality interns can be a difficult task. But interns can increase the talent in your workforce pool, provide existing reps with leadership and management experience, and create a future supervisor structure and succession...

RIA RISING: Befogged Investors Struggle with the Math

Mar 06, 2012

Understanding the rules of investing can be a daunting task for clients, but some new data by Charles Schwab released today suggests the confusion may run deeper than you’d think.

Advisor Group Looking to Buy Mid-Sized B/Ds, Large OSJs

Mar 06, 2012

AIG Advisor Group is in talks with a few mid-sized broker/dealers and larger offices of supervisory jurisdiction (OSJs), and hopes to make one or more acquisitions in the near future.

YIELD OF DREAMS: Live From LA - Taking Advantage of Women Rising

Mar 05, 2012

Women are rising up. Their economic power is increasing around the globe, and it’s translating into influence.

Team Swaps Merrill for Hightower Over Frustration with International Biz

Mar 05, 2012

Jordan Waxman can handle the Ironman—he’s planning to run his fifth and sixth triathalons this year—but he couldn’t handle Bank of America bureaucracy.

Your Broker/Dealer May Be Headed for Divorce

Mar 04, 2012

When LPL Financial, a self-clearing independent broker/dealer, rolled Pacific Life's broker/dealers onto its self-clearing platform in 2009, many advisors protested. But for Jennifer Tanck, president of Independent Financial Partners, an LPL...

Reversal of Fortune: IBD Wins Arbitration Case

Mar 02, 2012

Independent broker-dealer WFP Securities went out of business fighting claims they put clients into risky private placements and non-traded REITS. Yesterday, they got a bit back.

DUE DILIGENCE: Brookstreet CEO Brooks Gets Max. Penalty of $10 Million

Mar 02, 2012

Five years after blowing up his firm in the mortgage crisis, Stanley Brooks was ordered to pay the maximum penalty of $10 million for fraud charges by a federal judge in Los Angeles.

YIELD OF DREAMS: Looking for Higher Dividends? Invest in Asset Managers

Mar 02, 2012

While retail investors are exiting equity mutual funds like no other, dividend-focused mutual funds are actually reaping the benefits of investors’ search for yield.