This win certainly feels good and reinforces that we are on the right track as we continually raise our industry-leading standards for service at an independent broker-dealer
has improved its specialized errors and omissions program for broker-dealers
with 75 or fewer representatives.
Regardless of your decision, high-quality broker-dealer
partnerships are important, and here's why: A firm must create enough purchasing power to buy and sell bonds with minimal markups and markdowns.
LOS ANGELES -- Cetera Financial Group, one of the nation's largest broker-dealer
and registered investment advisor networks, today announced a significant move in its growth strategy with plans to implement a new, unifying brand structure.
According to the report, the top client of today's successful broker-dealer
is not a "rep" or even an "advisor" but an ensemble, which is a firm or a team of multiple professionals that service and manage client relationships.
The American Council of Life Insurers, whose member insurers hold the annuities that the broker-dealers
sell, welcomed the report for pointing out the strengths of annuity products, but would have liked to have seen more thorough information about the complaints cited.
If an adviser wants to sell products for a commission or a wrap fee, he or she must affiliate with a broker-dealer
and obtain the appropriate securities licenses.
Only a relative handful of banks currently provide brokerage services without the participation of a broker-dealer
that is subject to regulation under the securities laws.
Eric's dedicated leadership role at FSI can be traced back to his participation as a member of FSI's founding board in 2004, which established FSI to be a strong and effective voice for independent broker-dealers
and independent financial advisors," said Dale Brown, FSI President and CEO.
By transforming their business models, many broker-dealer
firms may also increase their profits.
The Federal Reserve is also augmenting its current examination procedures regarding sales of mutual funds by state member banks or affiliated broker-dealers
to ensure that the guidance contained in the recent interagency statement is being heeded.
OES), through its wholly owned technology and broker-dealer
subsidiaries, provides seamless electronic market connectivity, liquidity access and rapid executions by linking broker-dealers
, trading systems, exchanges and market centers.
The study assesses the outlook for the broker-dealer
industry and identifies key opportunities and challenges that are propelling change in the marketplace.
R]) (NPH([R])) network, the nation's seventh-largest independent broker-dealer
Acquisition Positions Leading Independent Broker-Dealer
for Continued Growth and Provides Increased Support for Independent Financial Representatives