News, Vision & Voice for the Advisory Community


Brian Hamburger plays the heavy on DOL rules at Ray Jay's national RIA event in St. Petersburg and goes light on fear-mongering

The MarketCounsel CEO had good news as RJ's Bill Van Law let RIAs know that the Alex. Brown deal brings alternative investment choices, services for the UHNW market, new lending offerings and multicurrency capabilities

Author Guest Columnist Anthea Penrose October 10, 2016 at 6:41 PM
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Brian Hamburger: None of the new rules, even the proposed ones, will be crippling to your business.

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August 24, 2019 at 4:25 AM

Last year's RIA chief departs Raymond James after ship sails without her at helm of RIA unit, leaving her anchored to COO role

Maria Daley took the reins after Bill Van Law's unexpected departure, but Greg Bruce came on in March to lead RIA Unit, a job she held on interim basis

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Raymond James finally names new RIA chief and, yes, he is a Schwab veteran

The St. Petersburg, Fla. broker-dealer parted ways with Bill Van Law -- a Merrill Lynch veteran -- a year ago; now it has a real RIA veteran in Greg Bruce

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Mentioned in this article:

MarketCounsel | HamburgerLaw
Compliance Expert, RIA Set-up Firm, Regulatory Consultant
Top Executive: Brian Hamburger

Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law

Stephen Winks

Stephen Winks

October 11, 2016 — 4:05 PM
RIAs in their actions do not necessarily mean they are acting in a fiduciary capacity, There are many fiduciary duties which historically not been supported by a conventional brokerage format (inconsistencies in trade execution, authenticated product menu, prudent process ) which create fiduciary liability for the advisor. It is incumbent on the b/d to resolve these institutionalized advisory services inefficiencies as they will be tested through litigation. Much of the fiduciary push back by the (SIFMA/FSI suit of the DOL) should be rechanneled to supporting professional standing in advisory services rather than fighting it. Bill Van Law can be important in RJ creating separation from its much larger, less nimble wirehouse competitors. SCW

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