Recent moves at LPL Financial make it clear that the firm will target more brokers who now work at wirehouses.
Firm awarded broker sales awards, despite mutual-fund churning flagged to home office, according to Finra.
It's crucial for advisers to kick the tires thoroughly on any potential transition, starting with questions about the firm's capabilities, products, support and financials.
Regulators are making inquiries into GPB and the broker-dealers that sold their fund shares, according to sources.
After a period of decline, the regional brokerage industry is scoring recruiting gains at the expense of wirehouses.
The broker recommended that a customer open an account away from Securities America.
World Equity has close to 180 brokers and nearly $40 million in annual revenue.
The advisers will expand the New Jersey footprint of LPL-affiliate Gladstone Advisors
Richard Fisher and Dan Sullivan have joined the firm as senior vice presidents and financial advisers. Together, they generate more than $1 million in annual revenue.
The purchase will boost LPL's plans to build a next-generation, integrated adviser technology platform.
LPL seen as well-suited for the credit union's wealth management unit.
IBDs registered a five-year compound annual growth rate in assets of 11%, almost double that of wirehouses, Cerulli reports.
Combined, the new firm will have 1,270 advisers and $260 billion in assets.
Finra said the firm failed to mandate and enforce its own written supervisory procedures, resulting in the unsuitable sale of L-share variable annuities tied to long-term riders.
The personnel changes come weeks after the insurer's controversial decision to stop paying trail commissions on some annuities.
Management makes public statements about weaknesses at company's funds.
B. Riley Financial will own 49% of the shares of the broker-dealer, which has 700 independent reps and advisers
Firm is boosting adviser payout to compensate for increased office expenses and investing savings in enahcements such as new technology.
The firm remains tight-lipped about how many investors were affected.
A change in auditors can be perceived as a red flag by many investors.
