Trying new things to win advisers business

Many believe that independent broker dealer business will grow and some are adding new strategies to bring over business….
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091115/REG/311159978/-1/Topic

Using technology to lure in advisors

Some firms are using their platform upgrade as a tool to recruit advisors…
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090719/REG/307199974/-1/Topic

Brokers in transition

Brokers looking for new homes and transitioning, some might say they are not big producers but…
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091111/FREE/911119977/-1/Topic

RIA Assets Shrinking

The annual reports of IAA and NRS revealed that the total number of SEC RIAs  has grown 2% to 11,257 however the their assets under management shrunk 20% after reaching over $42 trillion back last year. We see growth in the amount of smaller firms in the RIA world however they are now looking at [...]

Raymond James raises RIA minimums

Registered Investment Advisory firms that wish to clear their RIA business through Raymond James will be facing higher minimum requirements to conduct business. The increased minimum is now $50 million under management to  be considered for clearing through the Raymond James network. This is an increase of $20 million from $30 million. Other broker dealers that [...]

Wirehouse Advisor Transitions Slow

According to a recent report from Discovery Database, only 361 wirehouse advisors changed firms in October. Of the wirehouse advisors that move, 34% moved to another wirehouse and 18% went independent, and 11% went to regional firms. A review of a full year’s worth of data revealed that 24,441 advisors changed firms betwen October 2008 [...]

LPL reps looking for new home

Many registered reps are thinking of transitioning….
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090823/REG/308239976/-1/Topic

Bad News for UBS

The company is reporting bad third quarter losses. Seams UBS cannot keep its advisors happy and they continue to walk out the door leading to major losses in market share from competitors. It has been reported that the division has seen so far outflows of client’ assets close to $9.6billion for the quarter, and loss [...]

LPL agrees to pay

LPL agrees to pay 1.3M….
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091029/FREE/910299989/-1/Topic

Optimism for advisors

Optimism for advisors in the industry….
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090914/REG/909149978/-1/Topic

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