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The annual Broker-Dealer of the Year award is based on voting in 15 different categories, including an overall rating that counts for 30% of the total score.
Chief among them is the fact that if a client's bond portfolio is constructed with bonds from a broker-dealer, the client likely will pay more for the bonds because of higher markups attached to such bonds.
Cetera Financial Group's progressive model provides advisors with all the benefits of a large, well-capitalized family of broker-dealer - including award-winning wealth management resources, superior technology and world-class customer service - with the customized fit and personal relationship that is typically found only at smaller firms.
A registered investment adviser has a fiduciary responsibility to work in the client's best interest; the broker has a fiduciary responsibility to the broker-dealer.
When a banking organization conducts securities activities outside the bank, through a subsidiary or an affiliate that is a broker-dealer, it is subject to the jurisdiction of both the banking agencies and the securities regulators.
Pershing's qualitative and quantitative research identified six key transformations that will guide the broker-dealer of the future:
NYSE: ISE), is presently using ISERoute to implement exchange-defined routing logic and transmit orders that access other markets through sponsoring agency broker-dealers.
Jim Crowley, managing director at Pershing LLC, said, "The broker-dealer industry is entering a period of great opportunity, a time when financial advice will be needed more than ever before.
NPH) is a broker-dealer holding company and an affiliate of Lansing, Mich.
NYSE: HIG) and leading independent broker-dealer, has agreed to acquire the assets of Diversified Financial Concepts (DFC).