Displaying 2452 results
Fitch bumps up Advisor Group debt rating
The upgrade reflects Advisor Group's declining leverage levels and higher net yields on cash sweep deposits, according to the rating agency.
Advisor Group’s Jamie Price talks about the firm’s rebranding
In a Q&A, the Advisor Group CEO discusses what's involved in squeezing the giant operation under one broker-dealer roof and brand.
Thrivent Advisor Network adds 25th affiliate to its turnkey RIA platform
Since launching as a spinoff of Thrivent Financial in 2019, the platform has grown to $5 billion in client assets.
Advisor Group is latest B-D to report data breach
The breach involved 'a systems intrusion' at R.R. Donnelley, a third-party vendor that Advisor Group uses for some of its client mailings.
Concurrent restructures to recruit advisors from across wealth management
Since becoming a hybrid RIA, Concurrent has added five new firms that combine for $440 million and it's ramping up to co-brand advisors from every possible direction.
UBS advisor managing $220 million switches to LPL
Jonathan Kesselman is opening an independent practice, Kesselman Wealth Management, in Westlake, Ohio.
Team managing $475 million jumps to RayJay from Ameriprise
The three advisors operate as Leeward Financial Group in Lighthouse Point, Florida.
Top-earning CEOs at broker-dealers in 2022
Chief executives at leading brokerage and advisory firms are earning more money than ever. Here are the numbers on last year’s compensation for some of the highest-profile executives.
Wells Fargo team with $240 million in assets goes indie with LPL
Bruce Pienton and Scott O’Mara launch Bridgewright Wealth Partners in Grand Rapids, Michigan.
Florida firm overseeing $1.2 billion joins Commonwealth
Jacksonville-based Aegis Consulting includes principals Michael Cirino and Alexander Harrison, along with 11 advisors.
10 IBDs with the most annuity revenue in 2022
Here are the firms that took in the most annuity revenue last year, as market volatility propelled record annuity sales.
Cetera goes more RIA-ish by hiring Durbin from Fidelity
It's in the best interest of Cetera's owner, Genstar Capital, to make the broker-dealer network look as much like a registered investment advisor as possible.
LPL adds Cetera team managing $180 million in assets
Flemington, New Jersey-based Amwell Ridge Wealth Management was founded in 1996 by managing partner David Johnston.
Durbin joins Cetera as CEO of parent company
While at Fidelity, Durbin oversaw the company’s 2015 acquisition of eMoney Advisor.
Advisor movement continues to slow, but there’s a bright spot
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.
10 IBDs with the most CFPs in 2022
As the number of certified financial planners grows, here are the independent broker-dealers who employ the most CFPs.
Advisor Group loses teams with $615 million to Commonwealth, LPL
Trusted Wealth Partners in Omaha, Nebraska, is moving to Commonwealth while Connecticut-based Hedberg Wealth Management is going to LPL.
Cetera sees dozens of Securian advisors walk in wake of deal
According to InvestmentNews data, the top two destinations for advisors leaving Securian this year are LPL Financial and StanCorp Equities.
LPL adds $365 million team from Raymond James
The five-member New Jersey-based team will use LPL's institution services platform and will work with Affinity Federal Credit Union.
The resilience of independent broker-dealers
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.
