The father-son duo of Jeffrey and Justin Katz are joining LPL’s employee channel and will operate as Katz Wealth Advisors of LPL Financial.
Women are underrepresented in the advice industry, but at some independent broker-dealers, they make up a significant portion of the producing reps.
JPMorgan now says there were 229 financial advisors in First Republic's wealth management unit when it acquired the bank earlier this week, up from the 150 total its CFO cited Monday.
Thomas Reynolds and Kathleen Gfrorer of Oakbrook-based Landmark Capital are closing their RIA to join LPL’s corporate RIA.
InvestmentNews Research identifies the independent broker-dealers whose reps took home the highest average payouts last year.
Nate Carlon is based in Scottsdale, Arizona, and operates as Carlon Wealth Advisors.
Independent broker-dealers managed to overcome the stock market’s slide last year with help from rising rates. Here’s a list of the firms that grew most rapidly.
Meanwhile, over the past decade, the top 25 firms have essentially doubled the amount of revenue they generate.
The firm allegedly failed to supervise Joseph Crespi, whose trading activity prompted 135 internal alerts over 12 months, according to the office of Massachusetts Secretary of the Commonwealth William Galvin.
Meanwhile, any recent recruiting deals First Republic had struck with advisors will remain in place now that the bank has been acquired by JPMorgan Chase.
The giant firms face an approaching winter as they become less prominent in the overall advisory business.
LPL's advisor head count totaled 21,521 at the end of Q1, an increase of 246 advisors from the previous quarter and up 1,430 year over year.
Interest income brought the firm's revenue to a record high during the quarter ended in March, offsetting lower income from asset management fees.
A new name is forthcoming, and the firm's eight independent broker-dealers will be merged under that new name in 18 months.
Ray Jay and its brokers claimed the German lender failed to pay revenue share and residual trailer fees on commercial loans.
James Sheehan is based in Charleston, South Carolina, while Shawn Tighe works in northern New Jersey.
New York City-based Liberty Wealth Partners is just the latest team to leave First Republic in the wake of the turmoil that struck regional and West Coast banks.
Willard Causey and two staffers operate as Causey Financial Group in Durham, North Carolina.
Westlake Village, California-based Silverberg Wealth Management is joining NWF Advisory Group, which is affiliated with Royal Alliance.
The agreement between Advisor Group and CAIS on sales of alternative investments, and the revenue such sales would generate, is the crux of the matter.
