Independent Broker Dealers

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Layoffs looming in wild 2025?
RIA NEWS APR 16, 2025
Layoffs looming in wild 2025?

Wealth management job cuts at Edward Jones and Morgan Stanley are linked to a sinking stock market, tariff battles and the unknown, say industry executives

By Bruce Kelly
Raymond James' offer is "no brainer" over LPL, says Commonwealth advisor
INDEPENDENT BROKER DEALERS APR 16, 2025
Raymond James' offer is "no brainer" over LPL, says Commonwealth advisor

Advisor feels widespread sense of “betrayal” amongst the 2,900 Commonwealth advisors set to move to LPL.

By Andrew Cohen
LPL, RJA, Cetera add to their advisor headcounts
RIA NEWS APR 16, 2025
LPL, RJA, Cetera add to their advisor headcounts

Raymond James, Morgan Stanley, Osaic lose advisors to rivals

By Steve Randall
LPL names five new managing directors in exec shakeup
INDEPENDENT BROKER DEALERS APR 16, 2025
LPL names five new managing directors in exec shakeup

The broker-dealer giant has opened up a new management level, elevating several longtime leaders who've supported key pillars of its growth strategy.

By Leo Almazora
Latest salvo in Ameriprise, LPL trade war is charge of a data breach
INDEPENDENT BROKER DEALERS APR 15, 2025
Latest salvo in Ameriprise, LPL trade war is charge of a data breach

Ameriprise has targeted LPL in at least four complaints since January 2024, alleging its competitor had unfairly hired its financial advisors.

By Bruce Kelly
Fidelity pushing RIAs to chase Commonwealth advisors
RIA NEWS APR 14, 2025
Fidelity pushing RIAs to chase Commonwealth advisors

In any brokerage transaction, it’s a fight for assets.

By Bruce Kelly
LPL led in rep growth as industry turnover plateaued in 2024: report
RIA NEWS APR 14, 2025
LPL led in rep growth as industry turnover plateaued in 2024: report

Industry research report unpacks trends in advisor channel movement, declines at wirehouse firms, and momentum building towards RIA affiliations.

By Leo Almazora
Suburban St. Louis B-D now facing state regulators' questions
INDEPENDENT BROKER DEALERS APR 11, 2025
Suburban St. Louis B-D now facing state regulators' questions

Moloney Securities has been the target of securities regulators recently for sales of high-risk alternative investment products.

By Bruce Kelly
Edward Jones takes second stab at creating its own bank
INDEPENDENT BROKER DEALERS APR 11, 2025
Edward Jones takes second stab at creating its own bank

After a failed 2020 bid, the firm's parent company is once again seeking federal and state approval as it seeks to more fully address clients' needs.

By Leo Almazora
Dynasty's Harris Baltch: LPL's Commonwealth deal is a 'melting ice cube tray'
INDEPENDENT BROKER DEALERS APR 11, 2025
Dynasty's Harris Baltch: LPL's Commonwealth deal is a 'melting ice cube tray'

The $2.7 billion acquisition raises eyebrows over its financial structure—and whether advisors will stick around long enough to justify it.

By Andrew Cohen
Big broker-dealers making a run at Commonwealth advisors
RIA NEWS APR 10, 2025
Big broker-dealers making a run at Commonwealth advisors

Top firms pursuing Commonwealth's advisors include Raymond James, Kestra and Cetera.

By Bruce Kelly
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