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LPL adds long-time Advisor Group advisor with $220 million
Michelle Brennan Hall had been registered at FSC Securities since 1989.
Advisor Group B-D snares RBC advisors with $250 million in client assets
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.
Pinnacle Private Wealth goes indie with Commonwealth
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.
LPL adds $210 million team from Wells Fargo
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.
10 IBDs with the highest portion of female reps in 2022
Women are underrepresented in the advice industry, but at some independent broker-dealers, they make up a significant portion of the producing reps.
Despite JPMorgan’s recount, dozens of advisors have fled First Republic
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.
Illinois RIA joins LPL from Securities America
Thomas Reynolds and Kathleen Gfrorer of Oakbrook-based Landmark Capital are closing their RIA to join LPL’s corporate RIA.
10 IBDs with the highest average payouts in 2022
InvestmentNews Research identifies the independent broker-dealers whose reps took home the highest average payouts last year.
LPL adds Stifel advisor overseeing $300 million
Nate Carlon is based in Scottsdale, Arizona, and operates as Carlon Wealth Advisors.
10 fastest-growing IBDs in 2022
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.
How rising interest rates cushioned IBDs in a stormy 2022
Meanwhile, over the past decade, the top 25 firms have essentially doubled the amount of revenue they generate.
Stifel to pay $3.2 million over former broker’s ‘predatory sales’
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.
About one-third of First Republic advisors have bolted since March
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.
Wirehouses feeling the chill of autumn in the air
The giant firms face an approaching winter as they become less prominent in the overall advisory business.
LPL reports increases in net income, total assets in first quarter
LPL's advisor head count totaled 21,521 at the end of Q1, an increase of 246 advisors from the previous quarter and up 1,430 year over year.
Raymond James’ ‘enhanced savings program’ got bump from SVB failure, execs say
Interest income brought the firm's revenue to a record high during the quarter ended in March, offsetting lower income from asset management fees.
Advisor Group makes rebranding campaign official
A new name is forthcoming, and the firm's eight independent broker-dealers will be merged under that new name in 18 months.
Raymond James, advisors win $16.4 million arbitration award against Deutsche Bank
Ray Jay and its brokers claimed the German lender failed to pay revenue share and residual trailer fees on commercial loans.
LPL recruits $450 million Raymond James team
James Sheehan is based in Charleston, South Carolina, while Shawn Tighe works in northern New Jersey.
Rockefeller hauls in $2.3 billion First Republic group
New York City-based Liberty Wealth Partners is just the latest team to leave First Republic in the wake of the turmoil that struck regional and West Coast banks.
