Move over Dave Ramsey. Here come Kingdom Advisors.
"In general, it's a tough time to be a BDC right now," one senior industry executive said.
'Tis the season for wirehouses to roll out pay plans, known as grids, and sing their praises to tens of thousands of employee financial advisors.
"Advisors are not going to like this, obviously," sad a senior industry executive.
Priority Financial Group, with an RIA of $3.1 billion in assets, is moving its broker-dealer operations to United Planners' Financial Services of America, an advisor-owned firm.
Wedbush Securities has 500 registered reps in 70 branch offices.
Bradley Heppner allegedly spent more than $40 million to renovate and decorate his Texas mansion.
"I never thought something like this could happen to us," Kyle Busch said in a statement.
GWG bond investors have incurred $1 billion in losses, according to the Department of Justice.
BCRED said in September it was cutting the monthly distribution to investors by 9% to 20 cents per share.
