Independent Broker Dealers

Displaying 2867 results
Raymond James nabs breakaway teams from Wells Fargo, Morgan Stanley
INDEPENDENT BROKER DEALERS APR 10, 2025
Raymond James nabs breakaway teams from Wells Fargo, Morgan Stanley

The broker-dealer giant's latest employee advisor additions in Ohio and Florida collectively managed more than a billion dollars at their former firms.

By Leo Almazora
Atria Wealth founders to leave LPL Financial 14 months after acquisition
INDEPENDENT BROKER DEALERS APR 10, 2025
Atria Wealth founders to leave LPL Financial 14 months after acquisition

Duo reflects on ‘incredible journey’ in heartfelt message to team, clients

By Steve Randall
Stifel seals deal for B.Riley advisors, adding $4B in AUM
INDEPENDENT BROKER DEALERS APR 09, 2025
Stifel seals deal for B.Riley advisors, adding $4B in AUM

The broker-dealer giant is folding in dozens of W2 employee advisors as Bryant Riley continues to steer his besieged firm through financial difficulties.

By Leo Almazora
Raymond James announces leadership shakeup to boost advisor support
INDEPENDENT BROKER DEALERS APR 09, 2025
Raymond James announces leadership shakeup to boost advisor support

The latest appointments feature a strategic succession in its asset management division and one promotion to a newly created practice management role.

By Leo Almazora
LPL, NorthRock partners announce advisor additions
INDEPENDENT BROKER DEALERS APR 09, 2025
LPL, NorthRock partners announce advisor additions

LPL is expanding its footprint in Idaho as one of its veteran advisor affiliates starts afresh in Illinois.

By Leo Almazora
LPL taps JPMorgan exec as chief data and AI officer
INDEPENDENT BROKER DEALERS APR 08, 2025
LPL taps JPMorgan exec as chief data and AI officer

Vaughn Harvey brings more than 25 years of experience in enterprise data strategy as LPL doubles down on advisor-facing AI strategy.

By Leo Almazora
NASAA members vote to prohibit misleading use of advisor title
INDEPENDENT BROKER DEALERS APR 07, 2025
NASAA members vote to prohibit misleading use of advisor title

Conduct Rule will now more closely align with SEC's Reg BI

By Steve Randall
Prospera acquires $2B boutique broker-dealer with 35 year history
INDEPENDENT BROKER DEALERS APR 07, 2025
Prospera acquires $2B boutique broker-dealer with 35 year history

Team of 40 advisors, 12 employees will remain with the firm

By Steve Randall
Raymond James welcomes $325M AUM advisor, team from Edward Jones
INDEPENDENT BROKER DEALERS APR 07, 2025
Raymond James welcomes $325M AUM advisor, team from Edward Jones

Broker-dealer has acquired more than $2B AUM in the past week

By Steve Randall
Raymond James reels in $828M team from RBC
INDEPENDENT BROKER DEALERS APR 04, 2025
Raymond James reels in $828M team from RBC

The firm's latest additions, including two brothers, bolster its employee advisor business in Scottsdale, Arizona.

By Leo Almazora
Commonwealth clocks big win in battle with SEC over revenue sharing
INDEPENDENT BROKER DEALERS APR 03, 2025
Commonwealth clocks big win in battle with SEC over revenue sharing

It’s been a tumultuous week for Commonwealth Financial Network, a leading independent broker-dealer.

By Bruce Kelly
Wells Fargo plucks top recruiter from LPL
INDEPENDENT BROKER DEALERS APR 02, 2025
Wells Fargo plucks top recruiter from LPL

Farhad Firoozi is the latest in a long line of senior executives Wells Fargo Advisors has hired from rivals.

By Bruce Kelly
LPL, Kestra announce latest advisor additions
RIA NEWS APR 02, 2025
LPL, Kestra announce latest advisor additions

The two broker-dealer firms have expanded in Kansas and Georgia as they recruit defectors from Osaic and Edward Jones.

By Leo Almazora
Osaic taps veteran Saumya Bhavsar to head legal strategy
INDEPENDENT BROKER DEALERS APR 01, 2025
Osaic taps veteran Saumya Bhavsar to head legal strategy

The firm's new chief legal officer brings nearly three decades of experience, including tenures at Credit Suisse and UBS.

By Leo Almazora
LPL purchase of Commonwealth started with CEO's email
RIA NEWS APR 01, 2025
LPL purchase of Commonwealth started with CEO's email

But LPL's message to Commonwealth advisors is focused on retaining its culture, not an easy thing to do.

By Bruce Kelly
Raymond James, Equitable welcome breakaways from Morgan Stanley, JPMorgan
INDEPENDENT BROKER DEALERS MAR 31, 2025
Raymond James, Equitable welcome breakaways from Morgan Stanley, JPMorgan

RayJay is adding a $465 million team to its employee advisor arm in West Virginia as Equitable recruits an experience advisor in New York.

By Leo Almazora
LPL to buy rival Commonwealth Financial Network for $2.7 billion in all-cash deal
RIA NEWS MAR 31, 2025
LPL to buy rival Commonwealth Financial Network for $2.7 billion in all-cash deal

'I’m taking a moment to pause and reflect,' one Commonwealth advisor tells IN.

By Bruce Kelly
Former OneAmerica broker suspended, fined for plundering hundreds of clients' nonpublic information
INDEPENDENT BROKER DEALERS MAR 28, 2025
Former OneAmerica broker suspended, fined for plundering hundreds of clients' nonpublic information

Finra says the former rep from Indiana transferred names, Social Security numbers, and other information associated with more than 1,300 customers to his personal email accounts.

By Leo Almazora
Add Commonwealth Financial – a blockbuster – to the list of potential LPL targets
RIA NEWS MAR 28, 2025
Add Commonwealth Financial – a blockbuster – to the list of potential LPL targets

Chatter about LPL, a behemoth, buying Commonwealth Financial Network, a boutique, has been building all week.

By Bruce Kelly
LPL adds $600M UBS team in Tennessee
INDEPENDENT BROKER DEALERS MAR 27, 2025
LPL adds $600M UBS team in Tennessee

The firm's latest additions, led by a second-generation financial advisor, are striking out via its Linsco employee advisor channel.

By Leo Almazora