Firm pairs leadership transition with advisor recruiting boost in independent contractor division.
Survey data highlight shifting expectations for digital access, human guidance and intergenerational planning across both advised and self-directed channels.
The recruiting race continues unabated as firms add teams and assets across the US.
Alyssa Quinlan's 25-year professional and leadership record includes a blend of fine art credentials and Wall Street training at JPMorgan Chase and Citi.
Analysis finds scale and sweep‑balance edge position firms such as Schwab and LPL to benefit as AI boosts advisor capacity and trims costs.
LPL has also welcomed a veteran advisor pair managing $600M from D.A. Davidson as Raymond James' employee advisor division makes new hires in Texas and Massachusetts.
But the firm claims the deals it sold are sound and should be separated as the court proceeds.
New analysis shows nearly 6,000 advisors left since 2021, with senior departures rising sharply.
Moloney Securities recently has had the attention of securities regulators due to its sale of high risk, high cost private investments, including GWG bonds.
The firm closed four advice firm transactions last year, not counting other recruiting deals.
Kestra's hybrid RIA platform also welcomed a veteran advisor from Goldman, while a second-generation planner makes his way to LPL and Private Advisor Group.
Wealth managers are not aggressively changing client portfolios in response to the Iran war, but they are using energy shares as a hedge.
State regulators warn FINRA’s proposed Rule 3290 could leave gaps in oversight of brokers’ side businesses and private deals.
FDIC approval advances lending ambitions as broker-dealer pushes deeper into banking.
Firms compete for experienced advisors as billions in client assets shift platforms nationwide.
Also, Raymond James expands its financial institutions arm in the Kansas City area while Baird has elevated two seasoned veterans into key director roles.
LPL Financial is missing a potential multi-million dollar penalty.
Meanwhile, Janney lands a billion-dollar team from Merrill in Delaware, and two longtime Edelman advisors hopped to Prime Capital Financial in the Northeast.
It's the era when artificial intelligence software is replacing back office jobs.
Wells Fargo has also extended its reach in Alabama with another UBS defection, while Cetera welcomes a breakaway advisor from the wirehouse.
