Industry

First Allied Holdings, an independent broker-dealer, is set to be acquired by RCAP Holdings.

With the passing of Dodd-Frank, the SEC is paving the the way to adopt a uniform fiduciary standard for broker/dealers and investment advisors. Barry Glassman of Glassman Wealth says that there's no feasible way for brokers to uphold the same fiduciary standard to which RIA are held. He writes, "for them to come under the fiduciary standard as it currently exists, their businesses would have to split up into so many micro pieces that it would be disastrous for them." But the alternative, as it is being proposed, is for the very meaning of the fiduciary standard to change.

John Hancock Financial Network is picking up another 280 registered representatives?with the acquisition of Symetra Investment Services.

Fidelity Institutional Wealth Services introduced a platform that it hopes will make mergers and acquisitions easier for registered investments advisors.

RidgeWorth Investments is beefing up its sales team with the addition of Christopher Danos, Scott Goldberg and Mallory Carr.

Huntington, NY-based Catalyst Capital Advisors has added George Amrhein as Director of Business Development to build upon the firm’s key distribution relationships and manage the continued expansion of its lineup of mutual funds.

Prudential Real Estate Investors has added Michael Gallagher as a director and portfolio manager to its global real estate securities team.

When you launch your own RIA everything matters. Even the color pink.

Janney continues to emphasize its focus on the Southeast with the addition of two former Stephens advisors in Columbia, S.C.

Industry leaders will gather in Palm Beach, Fla., for TD Ameritrade's advisor conference to discuss wealth management trends and the future of financial advice regulation.