Independent Broker Dealers

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Adviser managing $170 million at Wells Fargo goes indie with LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 04, 2021
Adviser managing $170 million at Wells Fargo goes indie with LPL

Sean Khaligh, who joined Wells in 2007, is affiliating with LPL through The Financial Services Network and has formed EQ Private Wealth Advisors in Palos Verdes, California.

By InvestmentNews
LPL to pay $4.8 million over anti-money laundering charges
ADVISOR NEWS INDEPENDENT BROKER DEALERS OCT 01, 2021
LPL to pay $4.8 million over anti-money laundering charges

Last year, the SEC charged the unregistered adviser at the heart of the matter with defrauding a town in Puerto Rico and misappropriating $7.1 million.

By Bruce Kelly
Avantax practices managing $350 million move to Cetera
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 30, 2021
Avantax practices managing $350 million move to Cetera

Veteran advisers in Oklahoma and Utah affiliate with Cetera through Texas-based Farpointe Wealth Partners.

By InvestmentNews
LPL lands $675 million team from MassMutual
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 27, 2021
LPL lands $675 million team from MassMutual

Polaris is headed by partners Corey Basehore and Justin Dunwoody and includes adviser Sarah Leer, two junior advisers and a nine-member office staff.

By InvestmentNews
Practice overseeing $700 million returns to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 22, 2021
Practice overseeing $700 million returns to LPL

Wealth Advisory Services, a hybrid in Doylestown, Pennsylvania, had been affiliated with Raymond James for five years.

By InvestmentNews
Female duo managing $230 million at FiNet returns to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 20, 2021
Female duo managing $230 million at FiNet returns to LPL

Carrie Turcotte and Crystal Walker run NorthShore Financial Strategies in Chattanooga, Tennessee.

By InvestmentNews
Trio managing $366 million at Voya joins Royal Alliance
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 17, 2021
Trio managing $366 million at Voya joins Royal Alliance

Altus Consulting Group, based in Texas and Wisconsin, becomes an office of supervisory jurisdiction.

By InvestmentNews
Nebraska bank program managing $300 million switches to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 17, 2021
Nebraska bank program managing $300 million switches to LPL

Sandstone Wealth and its two advisers were formerly affiliated with Raymond James and Royal Alliance.

By InvestmentNews
What's LPL's recruiting deal for employee advisers?
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 15, 2021
What's LPL's recruiting deal for employee advisers?

LPL's new deal to attract employee advisers has two parts: an upfront signing bonus and a second bonus that's paid over several years.

By Bruce Kelly
Wells Fargo duo managing $305 million goes indie with LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 13, 2021
Wells Fargo duo managing $305 million goes indie with LPL

David Crossan and John Stephens Jr. set up shop in Manahawkin and Manchester on the New Jersey shore.

By InvestmentNews
Northwestern rep overseeing $380 million goes indie with LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 09, 2021
Northwestern rep overseeing $380 million goes indie with LPL

John Vande Bossche leads the six-person team in Anaheim, California, that includes his wife, son and daughter.

By InvestmentNews
Adviser managing $300 million at Morgan Stanley joins LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 08, 2021
Adviser managing $300 million at Morgan Stanley joins LPL

Francis Ciocari is affiliating with the firm through super OSJ Gladstone Wealth Partners and will be opening an office in Blue Bell, Pennsylvania.

By InvestmentNews
LPL grabs former Voya team with $400 million in assets
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 07, 2021
LPL grabs former Voya team with $400 million in assets

LPL made clear it was eyeing Voya financial advisers after Cetera Financial Group Inc. said it was buying the firm in February.

By Bruce Kelly
Raymond James affiliate managing $625 million moves to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS SEP 01, 2021
Raymond James affiliate managing $625 million moves to LPL

The six-adviser team at TBT Financial Services is based in Tyler and Longview, Texas

By InvestmentNews
Wells Fargo team managing $295 million jumps to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 31, 2021
Wells Fargo team managing $295 million jumps to LPL

Allison Taylor leads the all-female group in Huntington Beach, California.

By InvestmentNews
Wells Fargo duo managing $235 million go indie
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 25, 2021
Wells Fargo duo managing $235 million go indie

The two advisers are affiliating with LPL Financial through its service for breakaway brokers.

By InvestmentNews
LPL, Commonwealth start to gain traction with wirehouse reps
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 24, 2021
LPL, Commonwealth start to gain traction with wirehouse reps

For decades, the prevailing wisdom among recruiters and industry executives has been that wirehouse advisers are far less likely to move to independent broker-dealers than other advisers.

By Bruce Kelly
Burt White to retire from LPL Financial
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 23, 2021
Burt White to retire from LPL Financial

After 14 years as the firm's chief investment officer, Burt White is retiring in March, according to a company announcement. LPL, now with more than 19,000 affiliated financial advisers, is currently looking for a replacement.

By Bruce Kelly
Lincoln Financial settles age discrimination claim with former recruiter
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 23, 2021
Lincoln Financial settles age discrimination claim with former recruiter

When Louis Hanna was fired in 2017, he was 50 years old, had early-stage prostate cancer and was seeking medical leave, according to the complaint.

By Bruce Kelly
Oppenheimer adviser managing $550 million goes indie with LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 12, 2021
Oppenheimer adviser managing $550 million goes indie with LPL

Ken South and his team open Tower 68 Financial Advisors in Newport Beach, California.

By InvestmentNews