Charles Stephen, an Albuquerque, New Mexico-based firm with four advisers, will affiliate through super-OSJ AmeriFlex.
The advertisement is just the latest ploy in an industry war over the throngs of retail investors flocking to digital wealth platforms. The new account openings will certainly have repercussions.
Since 2017, the firm has been on the hook for $16 million in legal settlements and restitution to clients, with the lion's share stemming from one broker's sale of alternative investments to a Native American tribe in Michigan.
Calton & Associates, with 400 reps and advisers, is looking at paying restitution of close to half a million to clients who bought leveraged exchange-traded funds.
Arizona’s Progressive Financial Concepts will affiliate through an LPL office of supervisory jurisdiction, Wealth Consulting Group.
In the face of an unprecedented pandemic, Dan Arnold and James Cracchiolo saw their total pay fall last year.
Tim Vanderloo is joining Silverleaf Wealth Management, an LPL affiliate in Omaha, Nebraska.
Firm leaders understand the cybersecurity threat is real. But have broker-dealers taken appropriate precautions to protect advisers and their clients?
The firm is cautiously increasing hiring at the moment, essentially new advisers, but at a lower rate than in the past. Training financial advisers takes time and is also expensive, with a high percentage of trainees typically not making the cut.
The eight-adviser Monteverde Group is based in Pittsburgh.
Finra's department of enforcement has investigated Cambridge's due diligence of the sale of the defunct LJM Preservation and Growth Fund.
The Fox Alliance, a 15-person team that includes six advisers, is based in Austin, Texas.
Royal Alliance Associates Inc., SagePoint Financial Inc., and FSC Securities Corp., increased legal reserves by as much as three times the amount of the prior year.
Vedder Group, a four-person team in Tallahassee, Florida, is using the services of Integrated Partners, with Fidelity as its custodian.
Doche Financial Consulting Group is based in Scottsdale, Arizona
The largest independent broker-dealer reported forgivable loans to recruits of $419.2 million at the end of last year. Forgivable loans are one of the most common ways broker-dealers use to attract recruits.
Cetera is offering a standard range of transition money to Voya's 900 advisers while LPL is flexing its muscle, according to several market sources.
Richard Pakes starts CVG Wealth Management in Santa Barbara, California
A group with seven advisers in West Virginia and a solo adviser in Ohio switch affiliations.
Foran Financial Group of Somerville, New Jersey, is rejoining the independent broker-dealer after spending six years at Raymond James.
