Joel Drake in Des Moines, Iowa, is affiliating through The Wealth Consulting Group, an office of supervisory jurisdiction.
Group will join firm’s Deer Park, Illinois office in Chicago’s northwest suburbs
James Galkowski will open an office for the firm in Rochester, Minnesota.
The six-person Kraner group based in New Jersey is affiliating through INC Advisor, an office of supervisory jurisdiction.
The largest independent broker-dealer hit record asset levels as the advisory business continues to drive growth. Advisory assets increased by 54% on a year-over-year basis.
Cedar Brook Group, led by William Glubiak, is based in Cleveland and oversees 20 licensed professionals.
Chad Taylor launches Seapoint Wealth Advisors in San Diego using LPL's services for breakaway brokers.
This ranking of the top IBDs is based on their revenue and reflects data collected from firms that participated in InvestmentNews' independent broker-dealer surveys.
Last year, the 25 largest independent broker-dealers reported $26.6 billion in revenue, an increase of 4.3% from 2019. Although financial results were far from spectacular, growth at leading IBDs last year was resilient in the face of the Covid-19 pandemic and the havoc it caused for the broader stock market.
A 12-member group at the independent broker-dealer will work on company and industrywide initiatives.
The newcomers had criticized Blucora for mishandling the broker-dealer, Avantax, calling it a potential 'gem of the wealth management industry.' The shareholders reelected the 10 current board members.
The independent broker-dealer, backed by Reverence Capital Partners, is suing an annuity company owned, in part, by the same private equity firm.
Evan Lereah’s father started the Red Bank, New Jersey-based business 40 years ago.
A struggle for seats on the board of Blucora Inc., which owns the independent broker-dealer Avantax Investment Services Inc., is heading for a showdown. Blucora has purchased two broker-dealers in half-a-dozen years to expand into the wealth management business.
Walnut Beech Advisors maintains offices in Michigan and New York
Kip Adams and his team in Fort Worth, Texas, serve as the retirement and private wealth leaders for Gus Bates Insurance & Investments.
The Advisors, a five-adviser group, is based in Murraysville, Pennsylvania, and headed by Bryan Davis.
Four-adviser NorthEnd Private Wealth is launching in Greenville, South Carolina; it is affiliating with LPL via its Strategic Wealth Services offering.
The deal to purchase the Bank of Montreal's Europe, Middle East and Africa asset management unit will bring $124 billion in AUM.
OSJ Boston Harbor adds two indie teams, as well as advisers from Morgan Stanley and Merrill Lynch.
