With the closure of the NEXT acquisition, Atria currently serves nearly 2,000 advisors with approximately USD 65 billion AUA across its four broker-dealer subsidiaries.
NEXT is the fourth broker-dealer acquired by Atria since 2017.
announced the expansion of its Forensic Accounting & Advisory Services practice within the firms Forensic & Litigation Consulting segment with the addition of two leading broker-dealer professionals.
The current regulatory environment leaves financial and securities market participants vulnerable to a wide range of complicated broker-dealer investigations, enforcement actions and regulatory compliance issues," said Paul Ficca, Global Leader of the Forensic & Litigation Consulting segment at FTI Consulting.
NEW YORK: IDB Bank announced the appointment of Ethan Levinson as President of IDB Capital(r), the Bank's broker-dealer
"In applying FASB ASC 606, a broker-dealer
should evaluate all of the goods or services promised in the advisory contract, including those implied by a broker-dealer
's customary business practice, to identify the separate performance obligations," the draft guidance says.
8 December 2017 - New York, US-based broker-dealer
holding company Wentworth Management Services, LLC has acquired New York-based independent broker-dealer
Purshe Kaplan Sterling Investments (PKS), the company said.
In its no-action letter, the SEC's Division of Investment Management provided relief for 30 months from MiFID II's implementation date under the Investment Advisers Act of 1940 to permit a broker-dealer
to receive payments in hard dollars or through MiFID-governed research payment accounts from MiFID-affected clients without being considered an investment advisor.
with less than $10 billion in assets under management, Cerulli reports, account for more than 80 percent of broker-dealer
sales volume, but less than 10 percent of advisor-managed assets.
The process of choosing the Broker-Dealers
of the Year begins in March when Investment Advisor starts compiling the Broker-Dealer
in industry parlance, a "big producer," to the broker-dealer
If the conflict of interest rule in the Department of Labor's proposed fiduciary regulations is implemented as now drafted, in-house broker-dealers
of life insurers face the highest level of fiduciary risk among all advisor channels.