Expanded deal pairs succession-planning software with a broker-dealer network already logging rapid AI adoption among 11,000 advisors.
Commonwealth Financial joins a number of firm that have recently cut jobs.
Large broker-dealers and registered investment advisors have, since 2020, been developing or sticking to strategies and tactics to combat the pain of intense, short-term market volatility
Centaurus Financial touts its independence as a key selling point at a time when many firms are being swallowed up.
Breakaway advisors join new firms in Oklahoma, Idaho.
Cetera’s CEO Mike Durbin stressed Cetera’s recent success in the financial advisor market during a fireside chat with analyst Jeff Schmitt of William Blair.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
Alan Feutz leaves the wirehouse in Illinois, while a team of five make a break from their Connecticut firm.
Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises
The war for talent continues in the Sunshine State with as Truist and RayJay teams managing a collective $1 billion in client assets defect to other firms.
The five-advisor group leaves U.S. Bank for LPL's platform, part of a record June that saw 204 advisors join the firm.
Meanwhile, Wells Fargo lures defectors from UBS and JPMorgan to expand in the East Coast, while another bank aligns itself with RayJay's financial institutions division.
Wells Fargo affiliate and women-focused wealth firm both promote leadership as they scale advisor support.
Elsewhere, a Commonwealth team in Massachusetts converts to Cetera, while Janney draws four former Wells Fargo advisors to its Radnor, Pennsylvania office.
The independent broker-dealer expands its business development bench with a new recruiter and an internal promotion in the West.
Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
New name draws on founder's family history as consolidation reshapes the broker-dealer landscape.
Teams head for W-2 independence models with practices totaling almost $1B.
