Deal adds nearly $800M in assets, reinforcing long-term advisor continuity strategy.
Edward Jones reduced home-office staff by 4.5% in 2025 while using India-based contractors for digital and operations support, part of the industry's broader offshoring trend as LPL Financial opened its tech support center in India earlier this year.
In 2019, the SEC claimed Commonwealth had breached its fiduciary duty by failing to tell its clients that they could have invested in less expensive share classes of funds.
Meanwhile, Cetera expands its reach in Alabama with a former Ameriprise team, and a $360 million advisor team from Morgan Stanley joins RBC.
Firm pairs leadership transition with advisor recruiting boost in independent contractor division.
Survey data highlight shifting expectations for digital access, human guidance and intergenerational planning across both advised and self-directed channels.
The recruiting race continues unabated as firms add teams and assets across the US.
Alyssa Quinlan's 25-year professional and leadership record includes a blend of fine art credentials and Wall Street training at JPMorgan Chase and Citi.
Analysis finds scale and sweep‑balance edge position firms such as Schwab and LPL to benefit as AI boosts advisor capacity and trims costs.
LPL has also welcomed a veteran advisor pair managing $600M from D.A. Davidson as Raymond James' employee advisor division makes new hires in Texas and Massachusetts.
But the firm claims the deals it sold are sound and should be separated as the court proceeds.
New analysis shows nearly 6,000 advisors left since 2021, with senior departures rising sharply.
Firm recruits UBS and Raymond James advisors in Ohio and Maryland to expand wealth platform.
Moloney Securities recently has had the attention of securities regulators due to its sale of high risk, high cost private investments, including GWG bonds.
The firm closed four advice firm transactions last year, not counting other recruiting deals.
Kestra's hybrid RIA platform also welcomed a veteran advisor from Goldman, while a second-generation planner makes his way to LPL and Private Advisor Group.
Wealth managers are not aggressively changing client portfolios in response to the Iran war, but they are using energy shares as a hedge.
State regulators warn FINRA’s proposed Rule 3290 could leave gaps in oversight of brokers’ side businesses and private deals.
FDIC approval advances lending ambitions as broker-dealer pushes deeper into banking.
Firms compete for experienced advisors as billions in client assets shift platforms nationwide.
