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Merrill team managing $600 million moves to LPL
Six long-time Merrill advisers in Oakland, California, and Savannah, Georgia, switch to LPL's employee unit, Linsco.
UBS duo managing $600 million bolts for Cadaret Grant
Anthony Mona and Joseph Mansoor make the switch in Birmingham, Michigan, through OSJ Spartan Wealth Management.
Commonwealth taps ex-LPL attorney for cybersecurity oversight
In the newly created position, Michelle Kelley will lead the firm’s legal department and provide counsel on cybersecurity and privacy laws.
Bank platform managing $2.6 billion moves to LPL
The assets of the People’s United Bank's retail brokerage and advisory business are joining those of its new parent, M&T Bank, at LPL.
Duo from TIAA manages $600 million at Raymond James
Nicholas Troiano and Mathew Mattice join the firm's employee unit in Colorado.
Securian team managing $203 million bolts for SagePoint
Brian Falconer and 16 reps operate as Wealth Management Resource Group in Braintree, Massachusetts.
Hedge fund snaps up LPL Financial shares
Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.
B-D advisers had a soft landing in the first half, despite bear market
The S&P 500 was down almost 21% over the first six months of the year, but financial advisers at big firms didn't crash and burn.
$1.4 billion team joins Commonwealth from Principal
Strategic Financial Solutions has seven advisers and is based in Cedar Rapids, Iowa.
Cambridge Investment elevates three to office of the CEO
Colleen Bell, Jeff Vivacqua and Seth Miller become presidents of their respective divisions as part of a new organizational structure.
Recruiting slowed in the first half while M&A soared
Volatile markets may be holding recruiting activity back from its breakneck pre-pandemic pace but mergers and acquisitions have more than rebounded from the 2020 low.
LPL payout inches up as revenue per adviser dips
'Tis the season? LPL points to 'seasonality' to explain the slight bump in the rate of adviser pay in Q2.
National Securities shuts down after 75 years, reps rolled into B. Riley
B. Riley Financial had purchased a large stake in National Securities Corp.'s parent in 2018 and bought the remaining shares last year.
Advisor Group launches employee wellness program
As part of the program, confidential mental health support will be provided to employees of the company’s six independent broker-dealers.
Carson Group snags another exec from LPL
Former LPL exec Burt White recruits Ryan Detrick for Carson Group's newly created role of chief market strategist.
SEC fines Private Advisor Group $5.8 million for using high-fee mutual funds
It's the latest action in the SEC's long-running campaign to crack down on disclosure and best-execution failures involving 12b-1 fees.
LPL hires former BNY Mellon exec to head banking
Bill Sappington will lead efforts to build the IBD’s banking and lending platform.
Eight advisers managing $355 million affiliate with Kingswood US
Two advisers came from Merrill Lynch, others from independent brokerages.
Mariner boosts focus on breakaways by acquiring Financial Services Network
The deal adds $26 billion under advisement and more than 400 advisers to Mariner's existing back-office platform.
Merrill duo managing $300 million goes indie with Raymond James
Old Town Advisors in Albuquerque, New Mexico, is affiliating through OSJ Concurrent Advisors.
