Broker Dealers

Displaying 2797 results
Billion-dollar Wells Fargo trio goes indie with LPL
NEWS BROKER DEALERS FEB 17, 2022
Billion-dollar Wells Fargo trio goes indie with LPL

The three advisers, who operate as Outcome Private Wealth in Salt Lake City, are affiliating with LPL through OSJ Stratos Wealth Partners.

By InvestmentNews
Breaking away was the hardest thing we've ever done. And we’d do it again
NEWS OPINION FEB 15, 2022
Breaking away was the hardest thing we've ever done. And we’d do it again

You have one chance to show clients why you started your own firm, and most importantly, how they will be better off.

By Renee Wahl
Hightower's suit against $39 million RIA described as 'wirehouse 101'
NEWS RIAS FEB 14, 2022
Hightower's suit against $39 million RIA described as 'wirehouse 101'

The $104 billion Chicago-based aggregator is going after a Seattle adviser for taking clients with him when he left a year ago.

By Jeff Benjamin
Commonwealth launches program for next-gen advisers
NEWS BROKER DEALERS FEB 09, 2022
Commonwealth launches program for next-gen advisers

The monthly sessions over the course of a year are designed to help the firm's next-gen advisers build their businesses.

By InvestmentNews
What's your true net payout?
NEWS OPINION FEB 09, 2022
What's your true net payout?

Advisers' nominal payout is far from a full representation of the economics related to the relationship they have with their firms and clients.

By [email protected]
LPL nabs MassMutual advisers managing $550 million
NEWS BROKER DEALERS FEB 08, 2022
LPL nabs MassMutual advisers managing $550 million

The six-adviser team in St. Louis, Planify Group, is affiliating through super OSJ Cornerstone Wealth Management.

By InvestmentNews
Wirehouses are most productive channel: Cerulli
NEWS RIAS FEB 07, 2022
Wirehouses are most productive channel: Cerulli

Although wirehouses are shrinking, the study finds their reps have an average AUM of $198 million, versus an average of $88.1 million industrywide.

By InvestmentNews
LPL doubles recruited assets in 2021
NEWS BROKER DEALERS FEB 04, 2022
LPL doubles recruited assets in 2021

LPL saw growth in assets from three sources last year: its recruiting of financial advisers, in-house growth and its acquisition of the wealth management business of Waddell & Reed.

By Bruce Kelly
Raymond James nabs Wells Fargo trio managing $502 million
NEWS BROKER DEALERS FEB 03, 2022
Raymond James nabs Wells Fargo trio managing $502 million

The Louisville, Kentucky-based team is joining the firm’s employee channel.

By InvestmentNews
Raymond James reels in $104 billion of net new client assets in 2021
NEWS BROKER DEALERS JAN 27, 2022
Raymond James reels in $104 billion of net new client assets in 2021

For the 12 months ending in December, the firm reported net new asset growth of 11%, matching the growth seen by rival Morgan Stanley.

By Bruce Kelly
LPL nabs $275 million Wells team
NEWS BROKER DEALERS JAN 25, 2022
LPL nabs $275 million Wells team

Pat Clifford and Tyler Lewis are opening their own firm in Texas and affiliating with LPL via Strategic Wealth Services.

By InvestmentNews
Baird adds $18 billion with acquisition of Hefren-Tillotson
NEWS RIAS JAN 25, 2022
Baird adds $18 billion with acquisition of Hefren-Tillotson

Hefren-Tillotson will add 90 financial advisers working out of six Pittsburgh-area offices to the more than 1,300 advisers in Baird's private wealth management business.

By Jeff Benjamin
Utah duo managing $350 million joins LPL from Commonwealth
NEWS RIAS JAN 24, 2022
Utah duo managing $350 million joins LPL from Commonwealth

Andy Walker and Christen Covey open their own firm, Walker Covey Wealth Advisors, in Orem.

By InvestmentNews
Active ETFs catch the eye of RIAs and big funds, too
NEWS RIAS JAN 24, 2022
Active ETFs catch the eye of RIAs and big funds, too

According to CFRA data, through the end of last year, active ETFs made up 4% of all ETF assets, and represented 10% of ETF net inflows in the past year.

By Jeff Benjamin 
Florida team managing $325 million joins Raymond James
NEWS BROKER DEALERS JAN 18, 2022
Florida team managing $325 million joins Raymond James

The three advisers, who will operate as The HarborView Group in St. Petersburg, previously were affiliated with Morgan Stanley.

By InvestmentNews
Hybrid advising on $300 million switches to Arkadios from Triad
NEWS RIAS JAN 18, 2022
Hybrid advising on $300 million switches to Arkadios from Triad

A JPMorgan Bank rep who advises on $200 million also moves to Atlanta-based Arkadios Capital.

By InvestmentNews
Father-daughter Morgan Stanley team managing $250 million goes indie
NEWS BROKER DEALERS JAN 18, 2022
Father-daughter Morgan Stanley team managing $250 million goes indie

John and Jennifer Tarantino affiliate with LPL Financial in Florham Park, New Jersey.

By InvestmentNews
RBC inks portfolio management deal with Addepar
NEWS FINTECH JAN 13, 2022
RBC inks portfolio management deal with Addepar

The Addepar platform tracks how investment portfolios perform across asset classes by aggregating data from client portfolios and overall market performance.

By Sean Allocca
Breakaway broker managing $750 million joins LPL
NEWS BROKER DEALERS JAN 13, 2022
Breakaway broker managing $750 million joins LPL

Hugh Lau is leaving D.A. Davidson to start his own firm in Lincoln, Nebraska.

By InvestmentNews
Kevin Ruth to lead private wealth at Raymond James
NEWS BROKER DEALERS JAN 10, 2022
Kevin Ruth to lead private wealth at Raymond James

The former Fidelity executive will develop strategies for advisers serving high-net-worth clients.

By InvestmentNews