Broker-Dealers
300-Advisor Firm Winds Down Its Business, Blaming Broken Industry Model, Not Private Placements
Washington State broker-dealer Pacific West Financial Group is shutting down because as far as management is concerned, the industry can no longer justify the existence of firms of its size.
FINRA Launches New Wave Of Private Placement Crackdowns
Aggressive sales of privately placed securities have already destroyed several brokerage firms or forced their sale. FINRA's probe into the assets is widening and may trigger another round of firm closures.
Securities America Ramps Back Up With Advisor M&A, Recruiting Initiatives
After losing close to 10% of its advisors since spring, Securities America is focused on growing back to its former scale.
Another Broker-Dealer On The Ropes Raises New Questions About Private Placements
Yet another brokerage firm that sold private securities is now staggering under unpayable client claims. What happens to the clients if it goes broke before it makes them whole?
What Advisors Can Learn From UBS Prospecting Goals
Wall Street is gaping at UBS as the Swiss bank promises to build out its wirehouse unit rather than sell it off. Advisors may find its growth targets useful in their own practices.
