Meanwhile, Cetera's owner Genstar is reinvesting in the firm.
Kistler-Tiffany Advisors has been working with clients for nearly 50 years.
Galvin cites Fidelity's “half-hearted and lackadaisical attitude” on approving clients to trade risky securities.
'It's a tug of war. The firms want to keep more revenue, and the financial advisors want to do the same,' an industry recruiter says.
'I intend to vigorously defend myself against these claims,' broker Tony Barouti states.
A $60-per-account fee and retention bonuses are issues that are expected to come up in Cetera senior execs' meeting with Avantax advisors.
This is Wealthspire's third deal for a registered investment advisory firm this year.
The diverse practice in Albuquerque, New Mexico, is led by financial advisor Angelo Burns.
Carl M. Hennig Inc. has 10 registered reps and about $1.3 billion in client assets.
But big banks can fall flat when it comes to building a home for financial advisors.
