Advisor News

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Cetera extends credit union network with Eglin partnership
INDEPENDENT BROKER DEALERS NOV 15, 2024
Cetera extends credit union network with Eglin partnership

The broker-dealer giant's latest partner in Florida represents 125,000 members with over $2.8 billion in assets.

By Leo Almazora
John Wise's Communify Fincentric adds another InvestCloud veteran to C-suite
FINTECH NOV 15, 2024
John Wise's Communify Fincentric adds another InvestCloud veteran to C-suite

The wealth tech firm says new COO will be "invaluable" in addressing firm's rising demand for next-generation portals and AI functionality.

By Leo Almazora
Ex-Miami broker pleads guilty to money laundering charges
INDEPENDENT BROKER DEALERS NOV 15, 2024
Ex-Miami broker pleads guilty to money laundering charges

A former Merrill Lynch broker, John Christopher Polit, helped launder bribe money for his father, according to reports.

By Bruce Kelly
Luma expands into life insurance in wealth tech industry first
FINTECH NOV 15, 2024
Luma expands into life insurance in wealth tech industry first

The fintech's move to integrate both life insurance and annuities promises to enable more comprehensive financial planning among advisors.

By Leo Almazora
Most retirees are now carrying credit card debt
RETIREMENT PLANNING NOV 14, 2024
Most retirees are now carrying credit card debt

Over half of people retire sooner than expected, and rising costs due to inflation, along with unexpected expenses, are leading a growing proportion of retirees to turn to credit cards, EBRI found.

Could private equity be a benefit for DC plans?
RETIREMENT PLANNING NOV 14, 2024
Could private equity be a benefit for DC plans?

Morningstar Retirement report unpacks the challenges and opportunities from adding private market fund exposure to defined contribution plans.

By Leo Almazora
Raymond James nabs more Edward Jones advisors in Washington
INDEPENDENT BROKER DEALERS NOV 14, 2024
Raymond James nabs more Edward Jones advisors in Washington

The wealth management giant has bolstered its independent advisor arm again with the latest additions in the Pacific Northwest.

By Leo Almazora
Dynasty Financial unveils outsourced investment program
RIA NEWS NOV 14, 2024
Dynasty Financial unveils outsourced investment program

The giant RIA platform's new turnkey multi-manager program offers automated, tax-aware options to manage $5 billion in assets across its partner firms.

By Leo Almazora
Avantax adds former LPL advisor in South Carolina
INDEPENDENT BROKER DEALERS NOV 14, 2024
Avantax adds former LPL advisor in South Carolina

The Cetera subsidiary continues to demonstrate the appeal of its tax focus with its latest independent advisor addition in the East Coast.

By Leo Almazora
DPL, Envestnet ink partnership for annuity data link
RETIREMENT PLANNING NOV 13, 2024
DPL, Envestnet ink partnership for annuity data link

The platforms' alliance will address a major barrier for DPL advisors that want to incorporate annuity and insurance products into their practices.

By Leo Almazora
Ex-Google engineers secure $3M seed funding for AI wealth tech venture
FINTECH NOV 13, 2024
Ex-Google engineers secure $3M seed funding for AI wealth tech venture

Fintech startup Zeplyn's flagship product, a platform-agnostic meeting assistant, reportedly saves advisors 10 to 12 hours per week.

By Leo Almazora
Wedbush taps B. Riley alum as Northeast market manager
INDEPENDENT BROKER DEALERS NOV 13, 2024
Wedbush taps B. Riley alum as Northeast market manager

The firm's newly appointed regional leader, part of its latest addition in Philadelphia, will spearhead its expansion in the East Coast.

By Leo Almazora
RBC lures $330M advisor from Kestra
WIREHOUSES NOV 13, 2024
RBC lures $330M advisor from Kestra

The Canadian bank-owned wealth giant is strengthening its presence in Virginia as it welcomes the 23-year veteran to its network.

By Leo Almazora
LPL swipes $540M advisor duo from US bank
INDEPENDENT BROKER DEALERS NOV 13, 2024
LPL swipes $540M advisor duo from US bank

The broker-dealer giant's latest breakaway additions in San Diego, California are joining an existing team while opening a new office location.

By Leo Almazora
Future Capital strikes 401(k) data tie-up with SS&C
FINTECH NOV 12, 2024
Future Capital strikes 401(k) data tie-up with SS&C

The tech-driven RIA's new collaboration will give over 2,700 wealth firms a direct path to manage client assets held away in workplace retirement accounts.

By Leo Almazora
Stifel loses another big arbitration lawsuit involving star Miami broker
INDEPENDENT BROKER DEALERS NOV 12, 2024
Stifel loses another big arbitration lawsuit involving star Miami broker

“Stifel Financial made no offer to settle,” the client's attorney said.

By Bruce Kelly
Deanna Strable to lead Principal as next president and CEO
RETIREMENT PLANNING NOV 12, 2024
Deanna Strable to lead Principal as next president and CEO

Strable will be the first woman to hold the role at the $20 billion recordkeeping giant, following Dan Houston's decade-long tenure of leadership.

By Leo Almazora
INDEPENDENT BROKER DEALERS NOV 12, 2024
Commonwealth scoops up $550M advisor team in New York

The independent broker-dealer's latest partner firm, formerly with Cadaret Grant and its acquirer LPL, expects substantial benefits as it streamlines its operations.

By Leo Almazora
Wells Fargo taps TD veteran to help get new RIA unit off the ground
INDEPENDENT BROKER DEALERS NOV 08, 2024
Wells Fargo taps TD veteran to help get new RIA unit off the ground

George Tamer, recently named as the "channel enablement leader" at Wells Fargo, worked at TD Ameritrade for 20 years until 2021.

By Bruce Kelly
Cetera’s CEO Antoniades stepping down at end of year.
RIA NEWS NOV 07, 2024
Cetera’s CEO Antoniades stepping down at end of year.

Antoniades’ position as CEO of Cetera Financial Group has been in question since spring of 2023.

By Bruce Kelly