Broker dealers

A wave of corporations have made changes to their PAC giving since a mob supporting President Donald Trump stormed the Capitol last week.

The firm credited keeping its offices open during COVID-19 as a major selling point as FAs industrywide kept making moves and repapering their clients.

With 350 firms on its client roster, the acquisition of Flourish gives the insurer a springboard into the independent advisor market.

As part of a two-step deal involving Australian investment bank Macquarie Group, LPL will pick up 900 advisors and $63 billion in assets.

This year’s report on advisor compensation shows how RIAs and IBDs are attracting, retaining and rewarding talent.

Maybe not, says FINRA — but if you’re IM’ing, using slides during the virtual meeting, or recording it, probably yes.

“Platforms like this you would typically see at the larger broker-dealers and maybe the wirehouses,” says Gary Gallagher, the firm’s head of investment and managed solutions.

While FINRA rules spell out what brokers generally need to determine a client's financial situtation, there can be gray areas, an expert says.

The firm is consolidating its broker-dealer and standalone RIA custody units into one division.

Based on the “forced experiment” of its remote periodic examinations of broker-dealers, the onsite portion “may not be necessary,” Robert Cook said.