Independent Broker Dealers

Displaying 2867 results
More layoffs to come at Cetera?
RIA NEWS APR 23, 2025
More layoffs to come at Cetera?

A company spokesperson called the layoffs a "small reduction in our workforce."

By Bruce Kelly
Integrated Partners, Kestra welcome multigenerational advisor teams
RIA NEWS APR 23, 2025
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

By Leo Almazora
Details emerge of Ameriprise's offer to Commonwealth advisors
INDEPENDENT BROKER DEALERS APR 22, 2025
Details emerge of Ameriprise's offer to Commonwealth advisors

Ameriprise is offering up to 125% of trailing revenue to reel in top-producing Commonwealth advisors from LPL as a recruiting battle continues to rock the independent advisor industry.

By Andrew Cohen
Rogue rep, formerly with United Planners', keeps costing firm damages
INDEPENDENT BROKER DEALERS APR 22, 2025
Rogue rep, formerly with United Planners', keeps costing firm damages

United Planners' costs related to lawsuits and regulators' actions into the advisor continue to rise.

By Bruce Kelly
Raymond James scores a recruitment double with two Edward Jones advisors
INDEPENDENT BROKER DEALERS APR 22, 2025
Raymond James scores a recruitment double with two Edward Jones advisors

The latest independent advisor additions in Alaska and Washington oversaw a collective $550 million in client assets at their former firm.

By Leo Almazora
Judge OKs release of $400 million to besieged GPB investors
ALTERNATIVES APR 21, 2025
Judge OKs release of $400 million to besieged GPB investors

Meanwhile, GPB senior executives' sentencing for fraud pushed to May.

By Bruce Kelly
Concurrent hails first quarter advisor team growth, adding $2B in AUM
RIA NEWS APR 17, 2025
Concurrent hails first quarter advisor team growth, adding $2B in AUM

The half-dozen teams who joined the hybrid RIA in the early innings of 2025 have lifted it past a key asset milestone.

By Leo Almazora
Advisor moves: RBC, Merrill, Rockefeller announce elite additions
RIA NEWS APR 17, 2025
Advisor moves: RBC, Merrill, Rockefeller announce elite additions

RBC and Rockefeller strengthened their East Coast presence, including a $5 billion defection from JPMorgan, as Merrill welcomes a top-caliber advisor in California.

By Leo Almazora
Raymond James looks to level up service with generative AI
FINTECH APR 17, 2025
Raymond James looks to level up service with generative AI

New in-house capability aims to empower advisors and associates with natural search to access vast data pool.

By Leo Almazora
Layoffs looming in wild 2025?
RIA NEWS APR 16, 2025
Layoffs looming in wild 2025?

Wealth management job cuts at Edward Jones and Morgan Stanley are linked to a sinking stock market, tariff battles and the unknown, say industry executives

By Bruce Kelly
Raymond James' offer is "no brainer" over LPL, says Commonwealth advisor
INDEPENDENT BROKER DEALERS APR 16, 2025
Raymond James' offer is "no brainer" over LPL, says Commonwealth advisor

Advisor feels widespread sense of “betrayal” amongst the 2,900 Commonwealth advisors set to move to LPL.

By Andrew Cohen
LPL, RJA, Cetera add to their advisor headcounts
RIA NEWS APR 16, 2025
LPL, RJA, Cetera add to their advisor headcounts

Raymond James, Morgan Stanley, Osaic lose advisors to rivals

By Steve Randall
LPL names five new managing directors in exec shakeup
INDEPENDENT BROKER DEALERS APR 16, 2025
LPL names five new managing directors in exec shakeup

The broker-dealer giant has opened up a new management level, elevating several longtime leaders who've supported key pillars of its growth strategy.

By Leo Almazora
Latest salvo in Ameriprise, LPL trade war is charge of a data breach
INDEPENDENT BROKER DEALERS APR 15, 2025
Latest salvo in Ameriprise, LPL trade war is charge of a data breach

Ameriprise has targeted LPL in at least four complaints since January 2024, alleging its competitor had unfairly hired its financial advisors.

By Bruce Kelly
Fidelity pushing RIAs to chase Commonwealth advisors
RIA NEWS APR 14, 2025
Fidelity pushing RIAs to chase Commonwealth advisors

In any brokerage transaction, it’s a fight for assets.

By Bruce Kelly
LPL led in rep growth as industry turnover plateaued in 2024: report
RIA NEWS APR 14, 2025
LPL led in rep growth as industry turnover plateaued in 2024: report

Industry research report unpacks trends in advisor channel movement, declines at wirehouse firms, and momentum building towards RIA affiliations.

By Leo Almazora
Suburban St. Louis B-D now facing state regulators' questions
INDEPENDENT BROKER DEALERS APR 11, 2025
Suburban St. Louis B-D now facing state regulators' questions

Moloney Securities has been the target of securities regulators recently for sales of high-risk alternative investment products.

By Bruce Kelly
Edward Jones takes second stab at creating its own bank
INDEPENDENT BROKER DEALERS APR 11, 2025
Edward Jones takes second stab at creating its own bank

After a failed 2020 bid, the firm's parent company is once again seeking federal and state approval as it seeks to more fully address clients' needs.

By Leo Almazora
Dynasty's Harris Baltch: LPL's Commonwealth deal is a 'melting ice cube tray'
INDEPENDENT BROKER DEALERS APR 11, 2025
Dynasty's Harris Baltch: LPL's Commonwealth deal is a 'melting ice cube tray'

The $2.7 billion acquisition raises eyebrows over its financial structure—and whether advisors will stick around long enough to justify it.

By Andrew Cohen
Big broker-dealers making a run at Commonwealth advisors
RIA NEWS APR 10, 2025
Big broker-dealers making a run at Commonwealth advisors

Top firms pursuing Commonwealth's advisors include Raymond James, Kestra and Cetera.

By Bruce Kelly