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Top Brokers
Latest Headlines
Latest Headlines
More brokers flee the wirehouses
Are wirehouse brokerage firms doomed? Let's just say they are finding it hard to hang on to their top brokers. We've noted before that top producers are continuing to be recruited by independents, and despite some rules that make it hard to switch, more top producers are doing so.
This is bad
Wells Fargo, looming broker power?
Would it surprise you that Wells Fargo ( WFC ) is now the third largest brokerage? It employs 15,000 advisors and manages more than $1 trillion in wealth--and yet it somehow flies under the radar. Still, like its competitors, it wants to expand. Bank executives tell Reuters they would like t
Heresy! Fund manager wants leverage limits
Some might view this as "pulling a Jerry McGuire": Veteran hedge fund manager Paul Singer, of Elliott Management, said at the Ira Sohn Investment Research Conference that regulators ought to limit leverage. Of course, he's talking about limits on banks, not hedge funds. "The stark truth is it was
