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Cetera’s credit outlook gets boost from Moody’s
The rating agency cites the positive impact of the firm's deal to acquire the wealth management business of Securian Financial Group.
First Republic Bank shares slammed in Silicon Valley Bank fallout
The bank has been investing heavily in its wealth management group for more than a decade.
Edward Jones advisor managing $200 million joins LPL
Nick Lalonde is launching Third Act Wealth Management in Dallas.
Transamerica partners with Cetera on pooled retirement plan
Cetera Advantage(k) GPS is designed for small and midsize businesses and available only through advisors affiliated with Cetera.
Payout grids for independent broker-dealers
See how much brokers earn on sales of various products at 43 independent broker-dealers, according to data the firms provided to InvestmentNews Research.
Regulators make noise, and advisors lose jobs
Financial advisors should pay attention to regulators' concerns, since it's often advisors or firm executives who don't follow industry rules to the letter who may be discharged.
Fledgling IFP Securities’ net capital deficit was an ‘accounting error,’ CEO says
CEO Bill Hamm said the net capital deficit of $120,000 shown in IFP's Focus report was the result of accrual accounting.
Raymond James adds advisor managing $350 million at UBS
Richard Weisberg will operate as Weisberg Wealth Management in Naples, Florida.
Wells Fargo advisors with $1.45 billion in assets go independent with LPL
The core group of Angie Ostendarp, Jordan Raniszeski and Mary Sherrill Ware is joined by Mitch Mayfield and Jeff Vandiver.
Comerica to use Ameriprise as broker-dealer for 100 advisors
Ameriprise jumped into the bank broker market in 2017 when it acquired Investment Professionals Inc.
LPL nabs advisor managing $300 million from Valic
Timothy Lanier’s firm in Neptune Beach, Florida, focuses on serving doctors and health care executives.
Altruist hopes its fintech muscle helps it compete against custodial giants
The three-year-old fintech platform brings its custody and clearing business in-house for what it promises will be a fully integrated digital experience for RIAs.
LPL facing SEC investigation into unapproved personal devices
LPL's disclosure follows a crackdown by US regulators on financial firms' failure to monitor employee communications on messaging apps.
LPL adds Merrill advisor managing $300 million
Irvine, California-based Eric Gallinger is affiliating with LPL through Stratos Wealth Partners.
Merrill advisor with $440 million in assets affiliates with LPL
Thom Maher is launching a firm, Maher Wealth Management, in Phoenix.
LPL taps Schwab veteran for RIA growth
Julian Lopez will focus on LPL's relationships with independent advisors.
Finra arbitrators deny both IBD’s, brokers’ efforts to keep each other from clients
An attorney for the independent reps said the decision has implications for the entire sector. The brokerage, NexTrend Securities, may seek to vacate the award.
Raymond James nabs $680 million team from UBS
The four advisors operate as Momentum Wealth Partners in Akron, Ohio.
LPL adds New Mexico firm managing $225 million from Voya
Albuquerque-based Legacy Financial Group was founded in 1995 by Cris Giron and Eddie Fernandez.
Cetera CEO Antoniades enthusiastic about Securian pickup
But the deal raises the possibility other firms may go after the Securian advisors; Cetera and LPL have faced off in the past over recruiting advisors amid an acquisition.
