Against the backdrop of a successful recruiting effort last year, Kestra has been revamping its lineup of recruiters.
Also, Raymond James onboards another Commonwealth team in Wisconsin, while an experienced duo from Ameriprise hops to LPL.
Robinhood is bundling tax, estate planning and CFP support through third-party providers Vanilla and Taxfyle. "It’s a great strategic offering to start to change the mindset of Robinhood being a no service and cheap free platform," said one financial advisor.
Financial advisors, however, are sitting pretty in the AI maelstrom.
Osaic has also gained ground in St. Louis with a veteran pair from Stifel, while the Hightower-aligned Bahnsen Group gets a foothold in Silicon Valley.
Leaders at Prudential Advisors break down how wiring AI into every stage of its leads program is supporting more robust client conversations.
Ashton Thomas has also expanded its ranks with an experienced duo from Raymond James, while a Commonwealth advisor ends his two decade-plus affiliation by joining Cetera.
Keeton steps into CIO role at Prospera as IAA elevates leaders to advance advisor experience and platform strategy
Meanwhile, Osaic has added another former LPL practice on the East Coast, and Carson helps a veteran advisor from Osaic make a succession-focused transition.
One team has transitioned from LPL to Osaic, while another has taken the opposite route.
The Osaic network firms announce key expansions in the West and Midwestern US, with CWA's $849 million acquisition giving it additional footholds in Utah and Arizona.
The financial advice industry's curiosity regarding LPL's success in keeping Commonwealth advisors is feverish.
It’s tough for small firms like Ashford Securities to compete in the REIT marketplace.
Also, Osaic expands in New York as a seasoned advisor joins one of its affiliates, and Wells Fargo hails a $1.3 billion recruitment haul within its FiNet advisor channel.
The New York-based startup’s platform will plug into Osaic’s national network as firms lean harder on data and automation to tackle the organic growth squeeze
Meanwhile, Bank of America and Osaic lead firms with largest net declines, according to Wolfe Research.
The broker-dealer giant is positioning new ‘Rai’ chat agent at the center of its internal AI stack as regulators probe how far autonomous tools should go.
Also, a pair of multigenerational advisor teams from UBS have defected in quick succession, moving to RBC and Raymond James.
Clients have claimed Jim Walesa sold unsuitable investments in businesses he also owned and managed.
A new report finds 22.5% of Commonwealth’s advisors left after its sale to LPL Financial, raising questions about whether the firm’s touted 90% retention target refers to advisor headcount or assets.
