Brokerage firms

Seizing Independence in the Silver State: Top Producer Andy Ferguson Launches RIA Proquility Private Wealth Partners in Las Vegas

Tuesday, August 11, 2020 - 4:00pm

Prior to founding Proquility Private Wealth Partners, he served as Managing Director-Investments for Merrill Lynch in Las Vegas.

Key Points: 
  • Prior to founding Proquility Private Wealth Partners, he served as Managing Director-Investments for Merrill Lynch in Las Vegas.
  • Andy Ferguson, CFP ,ChFC, CIMA is the founder and CEO of Proquility Private Wealth Partners.
  • Also joining Proquility Private Wealth Partners from Merrill Lynch is Patty Yeager, MBA, AWMA -- Wealth Management Advisor at Proquility.
  • Andy Ferguson is the founder of Proquility Private Wealth Partners, a fully independent Registered Investment Advisor (RIA) based in Las Vegas, Nevada and serving clients throughout the United States.

LPL Financial Hires Scott Belous to Lead End User Experience

Tuesday, August 11, 2020 - 2:00pm

CHARLOTTE, N.C., Aug. 11, 2020 (GLOBE NEWSWIRE) -- LPL Financial LL C (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Scott Belous has joined the firm as executive vice president, End User Experience, effective August 3.

Key Points: 
  • CHARLOTTE, N.C., Aug. 11, 2020 (GLOBE NEWSWIRE) -- LPL Financial LL C (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Scott Belous has joined the firm as executive vice president, End User Experience, effective August 3.
  • In his new role, Belous is responsible for managing the development and operational management of new products and solutions designed to enhance the investor experience.
  • Scott is a proven leader with more than 25 years of experience delivering transformative digital solutions at scale for major financial corporations.
  • LPL Financial ( https://www.lpl.com ) is a leader in the retail financial advice market and the nations largest independent broker-dealer*.

Incapital Adds Two Senior Sales Executives to Fixed Income Team

Monday, August 10, 2020 - 3:28pm

Incapital LLC, a leading underwriter and distributor of fixed income securities and risk management investment solutions, today announced that it continues to expand its fixed income group with the hiring of the father-son team of Edward and Patrick Twomey.

Key Points: 
  • Incapital LLC, a leading underwriter and distributor of fixed income securities and risk management investment solutions, today announced that it continues to expand its fixed income group with the hiring of the father-son team of Edward and Patrick Twomey.
  • Edward Twomey joins as Senior Vice President, Middle Market Sales, and Patrick Twomey joins as Assistant Vice President, Institutional Sales.
  • Both will report to George Holstead, who serves as co-head of fixed income along with Laura Elliott.
  • Over the past nine months, Incapital has added 15 new senior professionals to its fixed income team to grow its client-centric platform across the fixed income spectrum.

Vivek Tandon of EB5 BRICS joins Sequence Financial Specialists for EB-5 and E-2 Visa Investments, Real Estate Investments, and U.S. Business Advisory Services during COVID

Wednesday, August 5, 2020 - 1:38pm

LOS ANGELES, Aug. 5, 2020 /PRNewswire/ --After careful review and screening, EB5 BRICS has chosen to associate with Sequence Financial Specialists, LLC ("Sequence") through the association of certain individuals who are registered with Sequence.

Key Points: 
  • LOS ANGELES, Aug. 5, 2020 /PRNewswire/ --After careful review and screening, EB5 BRICS has chosen to associate with Sequence Financial Specialists, LLC ("Sequence") through the association of certain individuals who are registered with Sequence.
  • Sequence is headquartered in Charleston, South Carolina and is a Boutique Investment Banking Firm and Managing Broker-Dealer (Member FINRA / SIPC ) for Alternative Investments including EB-5 and E-2.
  • Further, through Sequence, foreign investors and companies will have access to advisory services that help prepare individuals and businesses for access to capital, restructuring, as well as merger and/or acquisition opportunities.
  • Sequence can arrange private equity transactions and leverage their experience to provide clients with strategic counsel with a comprehensive range of services for both Buy-side and Sell-side transactions.

Genesis Digital Asset Market Q2 Report:

Tuesday, August 4, 2020 - 2:00pm

Genesis, an industry pioneer and leader in digital currency prime brokerage services, today released its Q2 2020 Market Observations report .

Key Points: 
  • Genesis, an industry pioneer and leader in digital currency prime brokerage services, today released its Q2 2020 Market Observations report .
  • Through its Q2 2020 Market Observations report, Genesis provides an expanded, holistic view of the digital currency marketplace.
  • Additionally, follow these links for more information about Genesis recent acquisition of digital custodian Vo1t and the firms launch of a derivatives trading desk and transformation into a digital asset prime brokerage .
  • In 2018, Genesis launched its lending business, Genesis Capital, to provide a platform for borrowing and lending digital currencies.

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for July 2020, includes Reg.-NMS Execution Statistics

Monday, August 3, 2020 - 5:47pm

Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.

Key Points: 
  • Note 1: Daily Average Revenue Trades (DARTs) customer orders divided by the number of trading days in the period.
  • Barrons ranked Interactive Brokers #1 with 5 out of 5 stars in its February 24, 2020, Best Online Broker Review.
  • Any forward-looking statements in this release are based upon information available to the company on the date of this release.
  • Additional information on risk factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.

LPL Financial Welcomes Cashman Consulting

Monday, August 3, 2020 - 2:00pm

CHARLOTTE, N.C., Aug. 03, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Cashman Consulting has joined LPL Financials broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian.

Key Points: 
  • CHARLOTTE, N.C., Aug. 03, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Cashman Consulting has joined LPL Financials broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian.
  • Cashman Consulting turned to LPL for additional resources, including access to integrated technology, economic strategists and research to enhance their client experience.
  • LPL Financial ( https://www.lpl.com ) is a leader in the retail financial advice market and the nations largest independent broker-dealer**.
  • Cashman Consulting and LPL Financial are separate entities.

Virtual is the Theme for 2020 at The Investment Center, Inc.

Monday, August 3, 2020 - 2:00pm

The inaugural TIC Virtual Summit kicked off with an economic update from the renowned economist and Professor of Finance at the Wharton School, Jeremy Siegel.

Key Points: 
  • The inaugural TIC Virtual Summit kicked off with an economic update from the renowned economist and Professor of Finance at the Wharton School, Jeremy Siegel.
  • The Investment Center has held seven TIC Talk sessions with Home Office staff members so far since April.
  • Lookingat the remainder of 2020, the firm is planning to host a second Virtual Summit in October and continue the TIC Talk series.
  • Established in 1986, The Investment Center, Inc. is an independent broker-dealer with over $8.6 billion in assets under management.

Wells Fargo Closed-End Funds Declare Monthly Distributions

Friday, July 31, 2020 - 9:37pm

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.
  • Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

Private Advisor Group Named to 2020 Financial Times 300 Top Registered Investment Advisers

Friday, July 31, 2020 - 2:36pm

MORRISTOWN, N.J., July 31, 2020 /PRNewswire/ -- Private Advisor Group (PAG), recognized as one of the 200 fastest-growing Registered Investment Advisors in the U.S.*, has been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers.

Key Points: 
  • MORRISTOWN, N.J., July 31, 2020 /PRNewswire/ -- Private Advisor Group (PAG), recognized as one of the 200 fastest-growing Registered Investment Advisors in the U.S.*, has been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers.
  • "We are thrilled to be named once again on the list of top RIA firms in the U.S.," said John Hyland, managing director and co-founder, Private Advisor Group.
  • The FT 300 is one in a series of rankings of top advisers by the Financial Times, including the FT 401 (D.C. retirement plan advisers) and the FT 400 (broker-dealer advisers).
  • The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times (July 2020).