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GWG chiefs bolt in middle of bankruptcy
Over the past 12 months, the company's shares have fallen from a high of $10.55 to Monday's price of $1.03.
Adviser managing $350 million at Morgan Stanley joins Linsco
Tim Truebenbach will open an office for the LPL Financial unit in Tacoma, Washington.
Edward Jones rep goes indie with Raymond James
Adrian John of Seattle, who managed $200 million, is affiliating with the firm's independent adviser channel.
Merrill team managing $160 million joins Raymond James
Abbie Osterbur and Niralee Patel are joining the firm’s employee adviser channel in Champaign, Illinois.
Big adviser teams say hello and goodbye at Wells Fargo
The latest moves illustrate the push-and-pull dynamics of recruiting and hiring advisers at Wells Fargo.
LPL buying one of its own giant branches
South Carolina-based Financial Resources Group Investment Services houses bank brokers overseeing $40 billion in assets.
Restricting advisers’ independent contractor status is a no-win for everyone
It's critical that the DOL and members of Congress hear from advisers what their independent classification means, not just to them but to their clients as well.
LPL sees demand for yield products amid down market
Commission revenue for fixed-income investments and annuities increased in the third quarter at LPL.
Private Advisor Group introduces Orion-powered investment platform
WealthSuite offers fund and ETF model portfolios that are intended to save time for the firm's more than 750 advisers.
Cetera takes minority stake in $2.5 billion firm
The firm is investing in a Boston-area-based firm that's been affiliated with Cetera since 2000; it suggests such investments could provide a new option for broker-dealers.
Finra smacks Raymond James with $1.15 million penalty over compliance shortcomings
Raymond James Financial Services overlooked 'multiple red flags' related to the activities of two brokers, according to Finra.
R.J. Moore stepping down as CEO of Private Advisor Group
Frank Smith, an LPL veteran who's the firm's current president, will succeed Moore as chief executive in mid-January.
Swamped by legal costs, broker-dealer files for bankruptcy protection
Atlanta-based Kalos Capital has been crushed by more than $9 million in legal fees and costs related to sales of GPB private placements.
Financial industry must persuade determined DOL to protect independent-contractor advisers
The Department of Labor may not be inclined to change a proposal that would potentially upend the business model for independent broker-dealers and insurance agents.
Daughter of New York Ponzi schemer gets more than 6 years in prison
Over two decades, Vania May Bell and her father Hector May 'ruthlessly orchestrated' a multimillion-dollar Ponzi scheme, according to the Feds.
Prospera Financial names Tarah Williams president
Williams, who will continue as chief operating officer, assumes the presidency from David Stringer.
Financial adviser guilty of fraud in case related to client’s murder
The alleged killer, Keith Todd Ashley, tried to make his client's death look like a suicide.
LPL offers advisers access to broker-savvy bookkeepers
The bookkeeping service, which aims to boost advisers' efficiency and productivity, follows LPL's offering earlier this year of a paraplanner service.
North Carolina team managing $380 million joins LPL from Truist
Benjamin Link and Steve Sexton, who are forming Vero Wealth Management in Greensboro, are the 25th team to join LPL’s Linsco platform.
Independent Financial Group snaps up small Southern California B-D
The deal for NPB Financial Group in Burbank is the latest in a modest string of broker-dealer acquisitions occurring against the backdrop of the red-hot M&A market for RIAs.
