Despite the broader slowdown in recruiting over the first three months of the year, the RIA and independent broker-dealer channels have continued to bring on experienced advisors at a steady pace.
As the number of certified financial planners grows, here are the independent broker-dealers who employ the most CFPs.
Trusted Wealth Partners in Omaha, Nebraska, is moving to Commonwealth while Connecticut-based Hedberg Wealth Management is going to LPL.
According to InvestmentNews data, the top two destinations for advisors leaving Securian this year are LPL Financial and StanCorp Equities.
The five-member New Jersey-based team will use LPL's institution services platform and will work with Affinity Federal Credit Union.
While the RIA channel is on the ascendant and the advisor population is not growing fast enough to meet demand, don’t count out independent broker-dealers.
Michelle Brennan Hall had been registered at FSC Securities since 1989.
Minnesota-based Tom Delich had worked at RBC for almost 23 years; he and his team are joining Financial Dimensions Group, a unit of Royal Alliance Associates.
The Wisconsin-based firm with $220 million in client assets had been with Associated Investment Services; it will join Commonwealth via an affiliated firm, Integrated Equity Management.
The father-son duo of Jeffrey and Justin Katz are joining LPL’s employee channel and will operate as Katz Wealth Advisors of LPL Financial.
Women are underrepresented in the advice industry, but at some independent broker-dealers, they make up a significant portion of the producing reps.
JPMorgan now says there were 229 financial advisors in First Republic's wealth management unit when it acquired the bank earlier this week, up from the 150 total its CFO cited Monday.
Thomas Reynolds and Kathleen Gfrorer of Oakbrook-based Landmark Capital are closing their RIA to join LPL’s corporate RIA.
InvestmentNews Research identifies the independent broker-dealers whose reps took home the highest average payouts last year.
Nate Carlon is based in Scottsdale, Arizona, and operates as Carlon Wealth Advisors.
Independent broker-dealers managed to overcome the stock market’s slide last year with help from rising rates. Here’s a list of the firms that grew most rapidly.
Meanwhile, over the past decade, the top 25 firms have essentially doubled the amount of revenue they generate.
The firm allegedly failed to supervise Joseph Crespi, whose trading activity prompted 135 internal alerts over 12 months, according to the office of Massachusetts Secretary of the Commonwealth William Galvin.
Meanwhile, any recent recruiting deals First Republic had struck with advisors will remain in place now that the bank has been acquired by JPMorgan Chase.
The giant firms face an approaching winter as they become less prominent in the overall advisory business.
