The broker at the heart of the matter in question is Robert Prettyman, according to a consent order from November.
Bluespring's acquisition-led strategy brought in more than $6 billion, while Concurrent’s minority-stake model helped drive a 50% jump in assets.
The self-regulator doesn’t cite recent GPB private placement fraud and GWG Holdings fraud in 2026 regulatory oversight report.
Investors in the Bluerock Total Income + Real Estate Fund should be ready for at least a slight hit once the company begins trading on December 16, according to a filing Monday with the SEC.
Coming from US Bank, Eric Freedman takes charge of Northern Trust’s private client investment engine as his predecessor in the C-suite shifts into a key Northeast role.
Cetera also extended its 2025 Commonwealth recruitment streak, while Citizens Private Wealth stepped into the retirement planning space with a 401(k)-focused advisory team.
Veteran dealmaker Jason Ehrlich steps into a newly created role as the Las Vegas-based hybrid RIA leans harder into M&A and strategic partnerships.
The independent broker-dealer and RIA giant says it has doubled revenue in five years as it leans on advisor recruiting, acquisitions, and agentic AI.
Previously affiliated with Woodbury, the multi-generational team led by cousins Matthew and Christopher Callero are joining Cetera's tax and accounting specialist community.
The father-son duo, including a US Navy veteran with more than three decades of industry experience, is joining RayJay's independent advisor unit in Virginia.
Deal reflects trend towards tighter focus on advisor expansion rather than burden of IBD model
When reached for comment, Blue Owl co-president Craig Packer wrote to InvestmentNews: "The assertion that the merger is currently being considered for revival is false."
The veteran advisors are bringing $350 million in assets and decades of experience to the giant hybrid RIA in the East Coast.
Meanwhile, UBS to lay off 58 in New Jersey early next year.
Squires said 2025 underscored the resilience of financial advisors and the philanthropic core of the industry, including his own role at the nonprofit Invest in Others.
LPL has taken a minority stake in the $40 billion RIA and OSJ Private Advisor Group, continuing a string of moves from broker-dealers to directly capitalize on assets from independent advisors.
Elsewhere, Indianapolis-headquartered indie Sapient Capital nabbed a $1 billion JPMorgan advisor in a recruitment first, while another duo also left the wirehouse to join Wells Fargo.
The deal will help Edward Jones provide a more comprehensive wealth management offering.
"In general, it's a tough time to be a BDC right now," one senior industry executive said.
An advisor trio has also splintered off from Raymond James to another firm in Florida, while Janney adds $800 million in assets with a double addition.
