Economy

The focus since the 2016 election on easing rules, tax cuts and expanding access to credit is about to be turned on its head.

CEO Jamie Price and other executives met with some 1,000 prospective advisors after inking one of the largest M&A deals in the IBD space this year.

Investigators say the barred rep diverted more than $1.8 million of her clients’ money for personal use, including on vacations and houses.

People are innately drawn to be a part of something special.

The regional BD’s newest hires oversaw $230 million in client assets.

Being a fiduciary isn’t enough anymore, says BlackRock’s Hollie Fagan. At the same time, firms are losing specialized talent to retirement. Here’s the best way for them to stay relevant and profitable.

A multi-year reorganization of the firm has lowered head count by more than a quarter but boosted productivity by nearly a half.

A total of 86 publicly traded companies approved new repurchase plans so far this year. That’s nearly twice as many as all of 2017.

The broker-dealer nabbed three planners from Wells Fargo, one from Morgan Stanley.

A focus on productivity has resulted in attrition of lower producing brokers, the firm says.

The wirehouse will take 3% — or up to $4,000 per month — of advisors' production in 2019.

The 7,700-advisor IBD network hasn’t been as active in recruiting as its rival lately — but it’s holding on to a portion of the major enterprise.

The group opted to join the corporate RIA at the Ladenburg IBD with an eye toward greater independence with some outsourced tasks.

The firm is working hard to lure advisors away from its larger rivals, said CEO Ronald Kruszewski.

Building scale has become a key topic for asset managers across Europe amid sustained pressure from larger U.S. rivals.

The ruling bolsters firm’s bid to push employees into private arbitration system. The advisor intends to appeal.

The executive must attend to a close family member who has recently learned of significant health challenges, a spokeswoman says.

The independent broker-dealers born during this fraught year have thrived. Now, however, their role in creating today’s independent advisor threatens their ability to survive another half-century.

It’s the second big hiring announcement by the regional BD within the past week.