The move is intended to cut compliance costs for firms as well as make the registration and disclosure process more efficient.
Merrill Lynch has seen two teams exit recently, each with more than $4 billion in client assets.
CEO Daniel Bryant: 'It's a logical next step for us. This has always been our intention, regardless of what IFP is doing.'
Complaint alleges the firm's policies limit African-Americans' 'income and advancement opportunities'
Utah moves to charge Cetera, LPL and CUSO over failing to represent credit union relationships correctly.
With revenue up, interest rates rising and regulation easing, IBDs are soaring.
Data include a breakdown of fee, commission revenue.
We sifted through the nearly 1,000-page proposal and picked out some of the most important points.
75-year-old owner Arthur Grant positions the IBD for the 'next 33 years.'
Ingham Retirement Group, which works primarily with employer-sponsored plans, left because the firm's brokerage business had been declining.
Regional brokerage Benjamin F. Edwards is still in its 'first inning' of growth.
Ruckus over recruiting agreement has even wirehouse lifers wondering if it's time.
Those in a private LinkedIn chat room were sounding off about fears the independent broker-dealer will require a move to ClientWorks before it is fully ready.
Webster Bank will use a hybrid digital adviser to grow beyond the Northeast.
Ameriprise, AXA Advisors, Edward Jones, LPL, Morgan Stanley, RBC, Wells Fargo and UBS call on organization to stand down until SEC proposes its own rule later this year.
Independent broker-dealers have narrowed the gap between themselves and the wirehouses and are able to attract more quality brokers from the Big Four.
If advisers commit to staying at FiNet for a two-to-three year period, they will not have to pay Wells the fees it currently charges advisers switching channels.
Five-person team in Winter Park, Fla., shifts to firm's employee channel.
Investors Capital, J.P. Turner and VSR to pay $698,612 for pushing higher-priced fund classes.
Firms such as Dynasty Financial Partners and Raymond James have seen an uptick in engagement among wirehouse brokers.
