Updated Monday, May 20, 2013 as of 6:06 PM ET
HighTower Gears Up for Growth
HighTower wrapped up a recent round of financing and added two former managers from Morgan Stanley as it eyes the next stage of expansion.
The hybrid firm, which has added 11 large advisor teams in the past year, has brought on Thomas H. Brown and Frank Epinger. Brown will serve as executive director and relationship manager for the east coast region and Epinger will have the same role for the west coast. Their mandate is to help deploy new funds as they focus on recruiting and building out the HighTower footprint.   more »
More in Independent BDs
The Securities America move underscored the intensity with which advisory firms are competing for talent, executive search experts said. more »
Independent broker-dealers and RIAs have the edge over wirehouses when it comes to adding mutual fund assets under management, according to Access Data and Strategic Insight. more »
LPL Financial added Ingham Retirement Group to its broker-dealer and RIA custodial platforms. more »
Dynasty Financial Partners is crossing the border and headed north. more »
The practices, in Mercer Island, Wash., and Lynnwood, Wash., have a combined $549 million in assets under management. more »
For the first time in the fast-growing company’s history, LPL has posted nearly $1 billion dollars in net quarterly revenue. more »
Revenue and assets increased year-over-year as the firm began to streamline operations after the Morgan Keegan integration in February. more »
The president of Ameriprise Financial’s Personal Advisor Group lays out his firm’s plan to attract and retain advisors. more »
In 2011, 44% of brokers who left wirehouses landed at independent firms, but every broker has an array of options when it comes to independence. more »
Previewing an address Thursday that he's set to deliver to the 1,600 advisors attending the firm's annual conference, CEO Paul Reilly said that Raymond James Financial will continue to have “a big focus” on technology and training going forward. He also discusses how acquisition may (or may not) factor into the company's agenda. more »
Succession planning, regulatory and technological issues will be the main focus for Raymond James Financial Services over the next year, according to Scott Curtis, the firm's president. more »
Hundreds of employees of the country’s fourth-largest independent broker-dealer were directed to head to the firm’s emergency backup office outside of Boston Friday morning as law enforcement officials announced a citywide lockdown. more »
IronGate, the largest independent wealth advisory firms in Wilmington N.C., opened its doors in 2005, and has a team of 14 advisors managing $200 million in assets. more »
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