IBD Elite 2020: With wealth management confronting change, what is an IBD?
Grappling with margin pressure, consolidation and fragmentation, the sector questions its identity.
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Which BD services are more important during the coronavirus?
Wealth management firms should define success by how well their operations perform under pressure, Kestra Financial COO Kris Chester says in an episode of Financial Planning’s podcast.
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11 advisors and execs answer: What is an IBD?
The basic yet revealing query shows why it’s not just about FINRA registration as a BD and 1099 contractor status for advisors.
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IBD Elite 2020: Which independent broker-dealers produce the most revenue?
For the first time, the ranks of the top 25 firms according to their annual business include single entries for IBD networks.
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Wells Fargo to cut dividend as top rivals maintain payouts
The bank says an announcement on how far the current 51-cent payout would drop is expected in mid-July.
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Hedge funds in high demand to navigate choppy markets
The industry outranked asset classes including private equity and venture capital, which have historically ranked higher in a Credit Suisse survey.
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12 housing markets struggling the most with home sales as virus lockdown lifts
The number of pending sales dropped annually in 17 of the top 35 metro areas, data show.
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Stifel recruiting roars back with $1.5B in hires from Merrill Lynch and Wells Fargo
The regional BD is drawing advisors from coast to coast — even in states where the coronavirus is on the upswing.
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Standard Life CEO Keith Skeoch to stand down
The firm had a target of joining the "$1 trillion club." Instead, clients withdrew more than $157 billion from its 2017 merger to the end of last year.
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DoL proposes a fiduciary rule replacement that would buttress SEC’s Reg BI
The announcement was welcomed by Wall Street lobbying groups, some of whom sued to vacate the Obama-era regulation.
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‘An emphatic yes’: Why T. Rowe Price, DFA will offer ETFs for the first time
As more active strategies embrace the exchange-traded model, the landscape may be shifting.
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Personal Capital sells to Empower Retirement, heightening consolidation in digital advice
The deal would pair plan sponsors on Empower’s platform with the hybrid robo advisor’s technology and advice capabilities.
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Biggest recruiting moves of the year: Are wirehouses losing their edge?
Billion-dollar teams are voting with their feet. Here’s where they are going.
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Black and white on Wall Street: The unwritten code on race
The privileged realms of American finance still look much the way they did a decade ago, or even two or three decades ago.
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Next stop for Reg BI: Supreme Court?
Michael Kitces, co-founder of XY Planning Network, says the group is mulling its options after a federal court struck down the organization’s lawsuit against the SEC rule.
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Hedge funds are rushing to get out of bearish stock bets
Speculative investors bought a net 206,227 S&P 500 E-mini contracts in the week to June 23, the most since 2007.
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7 steps our firm is taking to support the Black Lives Matter movement
Some say conversations about race have no place in the workplace. We disagree.
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Refinitiv takes next step on quest for the ‘Holy Grail’ of wealth management
The company’s new suite of APIs is designed to help firms develop technology with its data, but they aren’t the only player using data to conquer advisor fintech.
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How to earn CE credits during a pandemic: CPA, CFA, CIMA
One of the certifying organizations has taken a Netflix-like approach to advisor education.
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Credit Suisse is said to freeze plans for Miami wealth hub
Talks had focused on plans to attract $15 billion of assets under management, mostly from wealthy Latin Americans, according to people familiar with the matter.
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