The price tag Cetera paid for Avantax was 180% of its revenues last year, an unthinkable sum for a broker-dealer just a few years ago.
Michael and Wes Climer join Linsco by LPL Financial from Wells Fargo.
Barclays set a price target of $275 per share as it initiated coverage of LPL.
Deal affects almost 3,000 advisors working with $83.8 billion in client assets.
A new firm is born in Houston with Linsco by LPL Financial.
Labor Day weekend is a traditional time for financial advisors to leave one firm and be recruited by another.
North Carolina advisor team was previously affiliated with Securities America.
Arizona-based Validus Financial Associates is led by Ryan Kidd and Aaron Montez.
Scale offers the solutions, capital and expertise entrepreneurial financial advisors need to serve their clients with distinction and build strong businesses.
The three financial advisors and four associates join the firm from Avantax.
The firm, Wiley Bros.-Aintree Capital, is based in Nashville and has been in business since 1945.
Legacy Wealth Advisors was looking for an easier place to do business and differentiated service, founder Kevin Loyd said.
The Scottsdale, Arizona-based duo, who have a combined four decades of wealth management experience, join from Valic Financial Advisors
Indiana-based Pendill Wealth Management has offices in Bloomington and Mooresville.
New independent wealth firm also specializes in helping women in transition.
San Ramon, California-based Summit Financial Group includes 16 financial advisors.
LPL has been picking up steam in working as a back-office platform for banks, credit unions and insurance companies.
LPL, Osaic and Cetera Financial Group are all 'fighting amongst themselves' to lure advisors, one recruiter notes.
One analyst pegs the purchase price for Goldman's RIA in the range of $270 million to $360 million.
Burdette Park will launch eponymous firm in Louisville, Kentucky.
