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In a deal that could almost double its total revenue, J.W. Cole Financial, a Tampa, Fla., independent broker-dealer, announced Wednesday that it completed its acquisition of Financial Advisers of America.
May 22 -
Aberdeen Asset Management PLC wrapped up its acquisition of Artio Global Investors, a U.S. publicly-listed asset manager, effective May 21.
May 22 -
Hedge funds returns have stayed lackluster this year, with the $2.3 trillion industry trailing the gains of the Standard & Poors 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.
May 22 -
Under a new program, advisors and relationship managers will team up to serve clients as equal partners.
May 22 -
The damage from Massachusetts latest action against sales of non-traded REITS by independent broker-dealers may not be fatal, but it should cause firms to reconsider their sales strategies, say industry observers.
May 22 -
Recruiting and hiring experienced, client-facing advisors with ultra high-net-worth experience is extremely difficult right now, with demand high and supply low.
May 22
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Boutique and hybrid models are poised for growth as larger firms cede market share, according to a new Cerulli report
May 22 -
Rick Ketchum, CEO of FINRA, announced that the regulator will discuss a proposal at its board meeting in July that would require brokers to publicly disclose the compensation they receive when switching firms.
May 22 -
Mutual funds picked up $8.51 billion for the week ended Wednesday, May 15, according to the Investment Company Institute.
May 22 -
The New Castle County Employees Pension Program, based in New Castle, Del., has opted to siphon a Madison Square Investors account in favor of Vanguard's index management.
May 22
