Execs See Fiduciary Proposal as Complicated, Costly
CEOs, when questioned in recent earnings calls, offered first impressions of the impacts the proposal may have on the industry.
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The company's Private Client Group reported a 2% decline in quarterly profits as the firm continued to ramp up its advisor recruiting. more »
The firm's wealth management division also reported that pretax operating earnings rose 16% from a year ago. more »
About a quarter of fee-only advisory firms we surveyed in February said they had changed their fee structure in the past year (as did 20% of all independent firms). So what did they do? We combed through respondents' individual comments to identify several of the changes firms have made. more »
"We're betting on financial advisors and personalized financial advice delivered by people," says RJFS President Scott Curtis. more »
After selling Cetera for a rich $1.15 billion, Donald Marron's Lightyear Capital picks up a $4.7 billion hybrid RIA. more »
Three advisors left the wirehouse to join the independent brokerage network at Wells Fargo. more »
Behind the accounting errors that knocked $4 billion off American Realty Capital Properties' market value was a hidden scheme that generated more than $900 million in managers’ fees and bonuses, investors said in a lawsuit against the company. more »
An arbitration panel granted the wirehouse's request for damages for breach of contract, but the award fell short of the original $1.4 million the firm sought. more »
Quartet of advisors with $175M in AUM joins Raymond James' independent operation. more »
The proposed consolidated database would bring together BrokerCheck and IAPD and include data on unregistered financial professionals across the industry. more »
The fast evolution of technology has many industry leaders trying to figure out whether robo advisors are a threat, a tool or something else entirely. more »
Once known just for CRM, the company has since built out a broader cloud-based suite of tools. Joel Bruckenstein checks out the new offering. more »
Stifel's CEO says his firm is enlarging its footprint in the independent space because clients are migrating there. more »
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