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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.
Escalating economic drama dampens appetite for adviser moves
Financial adviser moves are up 3.8% year over year through the first five months of the year but down when compared to their most recent high in 2019.
LPL to acquire Boenning & Scattergood
The Pennsylvania-based firm's 40 advisers, who manage $5 billion in assets, will become part of LPL's employee channel.
Adviser killed in Highland Park shooting remembered as ‘kind and gentle,’ devoted to clients
Stephen Straus began his career in 1968 and was still showing up in the office every day at age 88.
Ameriprise’s indie unit nabs woman-led team managing $1.7 billion
Jennifer Marcontell had been with Edward Jones for 22 years in Baytown, Texas.
Fitch sees ‘benefits’ in Advisor Group’s latest deal
The acquisition of American Portfolios could bolster the network's revenue and profit margins over time, according to the rating agency.
Cetera Financial Group hacked via printing vendor
The 'external system breach' put the Social Security numbers of 2,188 of the firm's clients at risk, according to the Maine Attorney General's office.
Advisor Group rolls with another B-D acquisition
The deal for American Portfolios Financial Services Inc., a New York independent broker-dealer, brings Advisor Group 850 advisers who oversee close to $40 billion in client assets.
Is your custodian or IBD holding you back?
Some custodians and IBDs will require that an advisory firm move its assets off their platform if the firm is acquired or merges with one of the consolidators.
Finra dings another IBD over sales of GPB private placements
United Planners' Financial Services was negligent in 2018 when it failed to inform clients that GPB had missed a deadline for filing financial information, according to Finra.
