investment services

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  Wirehouses Seen Making Big Push Into Independent BD Space

  By Gil Weinreich, AdvisorOne  |  January 19, 2012

  An industry analyst predicts that several of the wirehouse brokerage firms will soon be entering the independent broker-dealer market—a bold forecast given the wirehouses’ longtime stance against the practice.

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  Wirehouse Market Share Declines as Firms Focus on Profitability

  By Gil Weinreich, AdvisorOne  |  January 18, 2012

  Wirehouses are continuing to lose ground in asset management market share, but do they even care? A new report from financial services industry research firm Cerulli projects that the four biggest brokerage firms will remain the largest distribution channel by a factor of nearly two.

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  Top Portfolio Products: INVEST Signs Credit Union; Gemini Adds 9 Funds

  By Marlene Y. Satter, AdvisorOne  |  January 6, 2012

  INVEST will now provide brokerage and investment services for Texans Credit Union, and Gemini Fund Services is adding nine funds to Northern Lights Variable Fund Trust.

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  Raymond James Adds 5 Advisors From Wells, UBS

  By Janet Levaux, AdvisorOne  |  January 5, 2012

  Five reps join Raymond James as employee advisors in the Southeast with about $4 million in yearly fees and commissions and close to $700 million in combined assets.

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  COR Securities Buys Clearing Firm Legent

  By John Sullivan, AdvisorOne  |  January 5, 2012

  COR Securities Holdings announced Tuesday that it has acquired independent securities clearing firm Legent Clearing.

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  New Hire Roundup: Nash Moves Up at Fiserv; Sanctuary to Support Gordian

  By Marlene Y. Satter, AdvisorOne  |  November 16, 2011

  This week in new hires, Cheryl Nash was named president of Fiserv’s investment services division; Gordian Wealth Advisors hired Sanctuary Wealth Services to support its business; and Tom Ridge became a member of the board at FSIC.

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  Measured Pace

  By Jane Wollman Rusoff  |  October 26, 2011

  Back in 1976, while other teenagers had started obsessing over the newest style of music, punk rock, 16-year-old Louis M. Ricciardi was grooming himself to be a financial advisor. Hipping classmates to the Rule of 72, he was touting the benefits of investing at a young age.

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  New Hire Roundup: BofA's Krawcheck Elected as FINRA Board Member

  By Marlene Y. Satter, AdvisorOne  |  August 4, 2011

  Sallie Krawcheck, president of Global Wealth & Investment Management for Bank of America, was elected as large-firm governor for FINRA, while Jack Brennan of Vanguard was elected as FINRA's lead governor.

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  SIFMA Dodd-Frank Forum: Execs Surmise Outcome of Fiduciary Rule

  By Melanie Waddell, AdvisorOne  |  July 13, 2011

  July 21 not only marks the one-year anniversary of the passage of the Dodd-Frank Act, but it’s also the date when the SEC will turn its attention to creating a fiduciary duty rule for brokers.