Independent Broker Dealers

Displaying 2867 results
Cetera, Commonwealth make moves in New York
RIA NEWS FEB 05, 2025
Cetera, Commonwealth make moves in New York

Cetera welcomes a veteran retirement advisory team while Commonwealth adds an independent-minded advisory in Manhattan.

By Leo Almazora
Enterprise OSJ TAG Advisors welcomes Krempa Associates
INDEPENDENT BROKER DEALERS FEB 05, 2025
Enterprise OSJ TAG Advisors welcomes Krempa Associates

The Virginia-based firm adds the team from The Investment Center as it hails a record year of growth and advisor additions.

By Leo Almazora
B. Riley plans to spin off investment bank taking shape
INDEPENDENT BROKER DEALERS FEB 03, 2025
B. Riley plans to spin off investment bank taking shape

“Bryant Riley’s strength is that he’s an amazing dealmaker and originator,” an industry executive said.

By Bruce Kelly
LPL nabs $600M Osaic team to continue recruiting momentum
INDEPENDENT BROKER DEALERS FEB 03, 2025
LPL nabs $600M Osaic team to continue recruiting momentum

The broker-dealer giant is pressing on with its strategy to attract advisors as a Connecticut-based team joins its network.

By Leo Almazora
Advisor industry bands together for pass-through deduction parity
RIA NEWS JAN 31, 2025
Advisor industry bands together for pass-through deduction parity

FSI, IAA, CFP Board, and other voices have coalesced to help even the playing field on taxes for independent financial professionals.

By Leo Almazora
LPL, Raymond James report strong growth in last three months of 2024
INDEPENDENT BROKER DEALERS JAN 31, 2025
LPL, Raymond James report strong growth in last three months of 2024

Broker-dealers also optimistic that gains will be seen in current quarter.

By Steve Randall
Alts shops have their eyes on advisors
RIA NEWS JAN 30, 2025
Alts shops have their eyes on advisors

An increasing proportion of alternatives, from fully liquid to illiquid, will be sold in the wealth management channel in the coming years, according to Fuse Research. Traditional asset managers are cranking out products, and PE firms are warming up to advisors.

By Emile Hallez
$1B Salient Wealth Planning Group joins LPL from Osaic
INDEPENDENT BROKER DEALERS JAN 29, 2025
$1B Salient Wealth Planning Group joins LPL from Osaic

The broker-dealer titan is expanding its footprint in the West Coast with a veteran-founded high-net-worth practice.

By Leo Almazora
Osaic bolsters credit union presence with Navy Federal partnership
INDEPENDENT BROKER DEALERS JAN 28, 2025
Osaic bolsters credit union presence with Navy Federal partnership

The investment advisory giant's latest collaboration expands its institutional platform with 69 financial advisors.

By Leo Almazora
Arax, LPL announce billion-dollar additions
RIA NEWS JAN 27, 2025
Arax, LPL announce billion-dollar additions

The PE-backed wealth platform is expanding across Colorado and Idaho while broker-dealer giant LPL welcomes a multigenerational advisor pair from UBS.

By Leo Almazora
New role for Miller as Janney announces major leadership change
INDEPENDENT BROKER DEALERS JAN 27, 2025
New role for Miller as Janney announces major leadership change

$150B firm welcomes back former CEO Tim Scheve to its board of managers.

By Steve Randall
New Hampshire seeks to penalize New England B-D over private placement sales
INDEPENDENT BROKER DEALERS JAN 24, 2025
New Hampshire seeks to penalize New England B-D over private placement sales

The state's order is a step in negotiating a potential fine with the firm.

By Bruce Kelly
LPL doubles down on advisor growth with digital platform boost
FINTECH JAN 21, 2025
LPL doubles down on advisor growth with digital platform boost

The broker-dealer giant aims to help advisors engage both their clients and prospects further with its latest enhancements.

By Leo Almazora
SEC slams Wells Fargo, Merrill with $60 million in penalties over clients’ cash
INDEPENDENT BROKER DEALERS JAN 17, 2025
SEC slams Wells Fargo, Merrill with $60 million in penalties over clients’ cash

“These penalties are certainly significant enough to draw the big firms’ attention," one executive said.

By Bruce Kelly
LPL to pay $18M over AML program deficiencies
INDEPENDENT BROKER DEALERS JAN 17, 2025
LPL to pay $18M over AML program deficiencies

SEC charges describe multiple failures in customer identification programs and shortfalls related to high-risk accounts linked to cannabis and foreign entities.

By Leo Almazora
Wells Fargo keeping focus on independent advisors in 2025
RIA NEWS JAN 15, 2025
Wells Fargo keeping focus on independent advisors in 2025

Is the bank's next step building out its RIA custody business, one industry observer asks.

By Bruce Kelly
Ex-Raymond James, Merrill advisors depart for LPL
INDEPENDENT BROKER DEALERS JAN 15, 2025
Ex-Raymond James, Merrill advisors depart for LPL

The broker-dealer giant is bolstering its ranks in New Jersey and California with latest advisor additions.

By Leo Almazora
SEC fines investment advisors, broker-dealers $63M for record-keeping failures
ALTERNATIVES JAN 14, 2025
SEC fines investment advisors, broker-dealers $63M for record-keeping failures

12 firms agreed to pay the fines to settle charges.

By Steve Randall
World Investments acquires $190M AUM firm from Osaic network
INDEPENDENT BROKER DEALERS JAN 14, 2025
World Investments acquires $190M AUM firm from Osaic network

It marks the California based advisory network's 11th deal in 15 months.

By Steve Randall
Finra tags South Florida BD with $105,000 in penalties linked to margin accounts.
INDEPENDENT BROKER DEALERS JAN 13, 2025
Finra tags South Florida BD with $105,000 in penalties linked to margin accounts.

Newbridge Securities failed to supervise advisors using margin in clients’ accounts, according to Finra.

By Bruce Kelly