Paul McCaffrey | May 22
In a deal that could almost double its total revenue, J.W. Cole Financial, a Tampa, Fla., independent broker-dealer, announced Wednesday that it completed its acquisition of Financial Advisers of America.
Charles Paikert | May 22
The damage from Massachusetts’ latest action against sales of non-traded REITS by independent broker-dealers may not be fatal, but it should cause firms to reconsider their sales strategies, say industry observers.
Mason Braswell | May 20
The firm completed a round of financing and added two new directors to focus on recruitment.
Charles Paikert | May 14
The Securities America move underscored the intensity with which advisory firms are competing for talent, executive search experts said.
Mary Schroeder | May 03
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.
Paula Vasan | May 02
LPL Financial added Ingham Retirement Group to its broker-dealer and RIA custodial platforms.
Charles Paikert | May 01
Dynasty Financial Partners is crossing the border and headed north.
Matt Ackermann | Apr 26
The practices, in Mercer Island, Wash., and Lynnwood, Wash., have a combined $549 million in assets under management.
Charles Paikert | Apr 25
For the first time in the fast-growing company’s history, LPL has posted nearly $1 billion dollars in net quarterly revenue.
Mason Braswell | Apr 24
Revenue and assets increased year-over-year as the firm began to streamline operations after the Morgan Keegan integration in February.
Apr 24
The president of Ameriprise Financial’s Personal Advisor Group lays out his firm’s plan to attract and retain advisors.
Donald Jay Korn | Apr 24
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.
Charles Paikert | Apr 24
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.
Charles Paikert | Apr 22
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.
Ann Marsh | Apr 19
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.
Teck Lim | Apr 18
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.
Apr 16
Joe Duran wants United Capital to get Venti by tactically training advisors so the experience a client receives at a United Capital office in Cleveland is the same as the experience they'd receive in New Jersey. In the second of a two-part interview, Duran explains how this can work in an advisory industry that prides itself on unique approaches.
Check out Part One, UUnited Capital’s Aggressive Growth Plan
Charles Paikert | Apr 16
An enforcement action from the Securities & Exchange Commission is a timely reminder to advisors to disclose any financial benefits their firm may receive from the broker-dealer it recommends to clients.
Ann Marsh | Apr 16
The new AIG Advisor Group system will allow its advisors’ clients to select a trusted family member or friend to help them make smarter financial decisions, explains Larry Roth, president and CEO of AIG’s Advisor Group, one of the largest networks of independent broker-dealers in the country.
Apr 15
Joe Duran explains how United Capital plans to develop scale and increase its advisor count aggressively in 2013.
Check out Part Two, United Capital's 'Starbucks Strategy'
Paula Vasan | Apr 12
Envestnet announced Friday it has entered into a definitive agreement to buy the wealth management solutions arm of Prudential Investments in an effort to increase scale.
Lee Conrad | Apr 11
Licensed branch employees represent a significant opportunity that many banks have not tapped to its full potential, according to LPL's Rob Comfort.
Ann Marsh | Apr 10
Royal Alliance is adding wealth management firm JLTD Advisors of Chicago and Integrated Financial Group of Salt Lake City to its hybrid platform.
Ann Marsh | Apr 09
Company employees will head into the field next week to woo about 850 advisors from two broker-dealers that Cetera intends to acquire from insurer MetLife, says Cetera Financial Group CEO Valerie Brown.
Teck Lim | Apr 09
LPL Financial announced Tuesday that Ryan C. Parker has joined the firm as executive vice president of investment and planning solutions.
Ann Marsh | Apr 09
The country’s largest RIA aggregator, Focus Financial, is hiring away an architect of one of the industry’s most successful breakaway stories.
Charles Paikert | Apr 05
Cetera Financial Group is growing again.
The broker-dealer network has signed a definitive agreement to acquire Tower Square Securities and Walnut Street Securities from MetLife.
Teck Lim | Apr 02
Baldwin Brothers, a Massachusetts-based wealth management firm and family office with $1 billion AUM, launches sustainable wealth management platform, Arjuna Capital.
Charles Paikert | Apr 02
Dynasty Financial Partners, the fast-growing outsourcing provider for high-end wealth managers and breakaway brokers, is expanding its reach in the Midwest.
Paula Vasan | Mar 28
What do former president George W. Bush, country songwriter Pat Green, four days of advisor-focused panels, and a dance party have in common? They are all aspects of Raymond James' 2013 national conference.
Paula Vasan | Mar 27
Aquiline Capital Partners and Genstar Capital, two private equity firms, are set to Acquire Genworth Wealth Management for $412.5 million.
Ann Marsh | Mar 27
Barnaby Grist, Cetera’s executive vice president of wealth management and a high-profile hire from Charles Schwab in 2010, is stepping down to care for his parents in England and his wife’s parents on the East Coast, says a spokeswoman for the broker-dealer network.
Charles Paikert | Mar 27
Dallas should be a dream market for independent advisors. But unlike the San Francisco, it has not been as hospitable to independent wealth management firms.
Paula Vasan | Mar 26
Waddell & Reed has hired five new advisors, adding about 1,000 new household clients to the firm.
Charles Paikert | Mar 25
Fast-growing JHS Capital Advisors has opened a new office in Baton Rouge, La. -- the company’s first in that state.
Mason Braswell | Mar 25
The firm has won over a $300 million team from UBS and its 10th recruit so far this year.
Charles Paikert | Mar 21
Despite a rally in the equity markets, February proved to be a lackluster month for Raymond James Financial.
Charles Paikert | Mar 19
Headhunters say they believe the new plan, which will allow dually registered financial advisors with at least $100 million in discretionary client assets under management to retain 100% of their advisory fees, will help Raymond James retain and attract top hybrid advisors.
Teck Lim | Mar 18
If approved by stockholders in LPL’s annual meeting in May, Mulcahy will also serve on the Board’s Audit Committee.
Charles Paikert | Mar 18
Raymond James is going after more top advisors -- and it's changing its payout structure to do so.
Mar 15
Mike Papedis of HighTower advisors says there is a trend toward independence among advisors and it will continue.
Mar 15
HighTower Advisors' Mike Papedis talks about why adivsors leave the wirehouse and what they they look for when going independent.
Mar 15
Mike Papedis of HighTower Advisors talks about some of the hurdles wirehouse advisors face when making the move to independence.
Hung Tran | Mar 15
Total stock and bond mutual fund and ETF assets distributed by independent/regional broker-dealers and registered investment advisors grew at more than twice the rate compared to the wirehouse channel during 2012, according to newly released data from Access Data.
Charles Paikert | Mar 05
LPL’s highly publicized outsourcing effort will cost the company between $70 million and $75 million over the next three years, but will result in annualized operational savings of $30 million to $35 million beginning in 2015, according to Dan Arnold, its chief financial officer.
Mar 04
LPL is launching a new online tool that it says will let its advisors offer offer better visibility to plan sponsors and the millions of LPL clients who are invested in 401(k)s.
Ann Marsh | Mar 01
“I’m all of 52 years old. I have a baby face. I have four children. I plan to be working for a long time,” Casady said.
Ann Marsh | Mar 01
LPL is making big changes among its top executives.
Ann Marsh | Feb 28
Bill Dwyer, a 20-year LPL veteran and its president of national sales, is retiring from the independent broker-dealer, according to sources familiar with the situation.
Charles Paikert | Feb 25
Dynasty Financial announced Monday that Octagon Financial Services, a McLean, Va., registered investment advisor that specializes in working with professional athletes, is now using Dynasty's open-architecture wealth management services and technology platform.
Mason Braswell | Feb 19
The firm has added a team with $650 million in assets to build a presence in the City of Brotherly Love.
Financial Planning staff | Feb 06
The company announces modest revenue growth and a move to start outsourcing "non-advisor-facing" jobs.
Samantha Allen | Jan 31
Classic investment style boxes are out and themes are in, Burt White, LPL Financial’s managing director of research, told advisors.
Donald Jay Korn | Jan 30
The new top executive at Cetera Advisor Networks said he plans to emphasize growth in 2013.
Samantha Allen | Jan 30
Cetera Advisor Networks has added a new four-person advisor team to its Virginia region.
Donald Jay Korn | Jan 28
WealthEngine has introduced a platform that helps advisory firms locate and profile high-net-worth individuals.
Ann Marsh | Jan 23
LPL Financial is pushing to expand services for high-net-worth clients. In the company's most recent move, its wholly owned Private Trust Co. subsidiary has announced strategic plans to build on its rapid growth of 25% over the last three years.
Matt Ackermann | Jan 16
This year, Duran said the company plans to aggressively expand its business model, and its brand -- aiming to look more like Starbucks and less like rivals HighTower and Dynasty Financial.
Samantha Allen | Jan 15
The collective voice of independent financial advisors just got a little bit louder.
Mason Braswell | Jan 14
Two former wirehouse advisors have gone independent in Baltimore and Bethesda, Maryland.
Matt Ackermann | Jan 08
Securities America has completed its second broker-dealer transition in the past 30 days and added 30 advisors in Washington, Iowa.
Rachel F. Elson | Jan 07
Focus Financial has snapped up a big Seattle wealth management firm.
Matt Ackermann | Jan 07
Raymond James Financial Services, the company’s independent broker-dealer, announced Monday it has added a mother-daughter team in Bethesda, Md., with $200 million in assets.
Donald Jay Korn | Dec 30
This year was a “slower year than many expected,” in terms of financial advisors departing major firms for other pastures, according to Chip Roame, the managing partner at Tiburon Strategic Advisors. “I believe 2013 may be slower, too,” he says.
Donald Jay Korn | Dec 25
Celebrating its two-year anniversary with an announcement of its 11-figure status, New York-based Dynasty Financial Partners aims to separate itself from the myriad of firms offering services to registered investment advisors.
Ann Marsh | Dec 13
Grabbing a top executive from one of the world's premier technology companies, LPL Financial has nabbed a top technology officer from Dell Inc. to help lead the independent broker-dealer's technology effort.
Samantha Allen | Dec 12
A little more than a year after launching Retirement Ready, a retirement income program for its advisors, John Hancock Financial Network today announced the launch of a new iPad application and updates to the program.
Teck Lim | Dec 11
Beverly Hills Financial Planners, Informative Financial Services, and Ranker-Hanshaw Wealth Management are the newest firms to join Royal Alliance, which has nearly 2,000 affiliated independent financial advisors.
Dec 11
Determined to keep its 48-year-old firm’s “small, hometown feel,” Investors Security of Suffolk, Va., has decided to drop its own broker-dealer and affiliate with Securities America.
Teck Lim | Dec 10
LPL Financial, the nation’s largest independent broker-dealer, announced Monday that Legacy Financial Planning has transitioned to its broker-dealer platform.
Lorie Konish | Dec 06
Raymond James has lured an LPL team of financial advisors in Towson, Md., that will operate under its independent broker-dealer.
Madhura Karnik | Dec 03
The New York City based wealth advisory firm appointed Lyle LaMothe as Non-Executive Chairman of the board and Greg Franks as a managing partner and president. Chris Lappas joined the firm as the chief operating officer.
Matt Ackermann | Dec 03
Woodbury Financial brings approximately 1,400 advisors and $25 billion in assets under management to the group’s network, which includes FSC Securities Corp., Royal Alliance Associates and SagePoint Financial.
Samantha Allen | Nov 28
“What we ... know is that there are a lot of advisors who think their entire value is wrapped around they’re delivering advice to clients and telling them how it’s going to work out,," Joe Duran, the CEO of United Capital said. "But the reality is that we don’t believe that’s the future."
Margarida Correia | Nov 28
More than seven in 10 advisors believe a deal will be reached that includes both higher marginal tax rates for wealthy Americans as well as curbs on deductions.
Ann Marsh | Nov 27
To help its advisors grow their businesses, Cetera Financial Group is bringing on a fleet of new advisory and product sales consultants. The added manpower is intended to give each consultant and sales manager more time to provide in-person and virtual support to advisors as the firm re-engineers its advisor support regions, according to Cetera.
Matt Ackermann | Nov 27
To streamline document processing, LPL Financial has introduced DocuSign’s eSignature solution for all of its advisors.
Teck Lim | Nov 20
National Advisors Trust has launched an upgraded version of AdvisorDesk, the firm’s proprietary multi-custodian technology platform.
Matt Ackermann | Nov 19
J.W. Cole Financial, a Tampa, Fla., based independent broker-dealer, announced Monday that it plans to acquire Financial Advisers of America.
Teck Lim | Nov 16
Securities America announced Thursday that managing partner of Kelley & Mullis Wealth Management, Michael Mullis, has become a registered representative with the independent broker-dealer firm.
Teck Lim | Nov 16
Lisle Savings Bank, with over $516 million in assets, joins more than 150 other banks and credit unions, and more than 1,100 representatives nationwide also supported by Invest, a subsidiary of the independent broker-dealer network National Planning Holdings.
Teck Lim | Nov 14
Sovereign Investment Group, a Texas independent wealth management firm, announced Wednesday it hired Michael Koletar as a senior vice president of investments for its wealth management team.
Ann Marsh | Nov 13
Level Four Group, a Plano, Texas, based advisory firm with close to $1 billion in assets under management has moved from Lincoln Financial to LPL in a bid to grow by using the LPL platform and name to increase its stable of advisors.
Matt Ackermann | Nov 12
The organization will becgin a national search for the next CEO/executive director spearheaded by a search committee that was formed after receiving Turf’s letter in early October.
Nov 12
LPL Financial has added well-known wealth management firm MACRO Consulting of Parisippany, N.J., with $650 million in AUM and five advisors, who left independent broker dealer SII Investments for its larger rival.
Laura Marcinek | Nov 08
Evercore Partners Inc., the advisory firm founded by Roger Altman, agreed to purchase Mt. Eden Investment Advisors LLC, a San Francisco-based wealth manager with $645 million in client assets.
Teck Lim | Nov 07
Legacy Wealth Planning announced Wednesday that it hired Mark Elston and his team of financial advisors.
Margarida Correia | Nov 05
The firm hit $19.9 billion in AUM in the third quarter of 2012, an 18% jump from $16.8 billion in the third quarter last year. Most of the increase came from new client inflows.
Donald Jay Korn | Nov 05
“Advisors have been told that it’s the name of the firm on the business card that’s important to clients,” he said, “so their clients won’t follow them if they go independent. We have found that it’s the advisor-client relationship that’s important, not necessarily the name of the firm.
Ann Marsh | Nov 05
Approximately 300 advisors affiliated with independent broker-dealer Symetra Investment Services, based in Bellevue, Wash., now have access to a Envestnet's online tools, including aggregated reporting capabilities.
Matt Ackermann | Nov 05
First Republic will integrate Luminous Capital Holdings into First Republic Investment Management.
Matt Ackermann | Nov 05
TD Ameritrade Institutional drew a record 441 breakaway brokers to its platform for independent registered investment advisors in fiscal 2012, a 27% increase from a year earlier.
Rachel F. Elson | Nov 01
Among the big deals this week: First Allied buys Legend from Waddell & Reed to form a firm with $28 billion under management.
Rachel F. Elson | Oct 31
Largest independent broker-dealer increases assets under management and adds advisors, but revenues don't keep pace.
Matt Ackermann | Oct 24
Brown Advisory, a Baltimore-based independent investment management firm, hired Christopher Bartlett as a partner in its Baltimore office.
Margarida Correia | Oct 24
Almost one in two consumers (47%) say they keep the majority of their assets with banks, up from 44% in 2011. Self-directed firms and full-service brokers, in contrast, had only 28% and 15% of the market, respectively.
Ann Marsh | Oct 24
The hybrid RIA firm says it chose LPL after a 'Bachelor'-style bakeoff.
Matt Ackermann | Oct 17
A team of six financial advisors have left Prudential to form Capstone Affluent Strategies, an independent wealth manager that has partnered with LPL Financial.
Samantha Allen | Oct 15
Risk Paradigm Group, an independent wealth and asset management firm, announced Monday that a three-person advisor team from Morgan Stanley Wealth Management will join the firm.
Oct 12
Capital Guardian LLC, a Charlotte, N.C., based boutique wealth manager, announced Tuesday it added a former LPL Financial team to its independent channel.
Rachel F. Elson | Oct 11
The SunTrust affiliate names a firm veteran, Thomas M. Carroll, as the new chief.
Teck Lim | Oct 11
Focus Financial Partners, LLC, the nation’s largest partnership of independent wealth management firms announced the acquisition of Vestor Capital Partners, LLC.
Teck Lim | Oct 09
Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, added Schluchter Investment Advisors, which manages more than $300 million in client assets.
Ann Marsh | Oct 03
Michael James, a former wealth strategist in Goldman Sachs' mid-Atlantic region, has joined the Philadelphia office of Glenmede, an independent investment and wealth management firm, as director of family wealth advisory.
Ann Marsh | Oct 02
In a new strategic direction, Washington Wealth Management, a two-year old firm that has been growing on a tear by luring advisors from wirehouses, has joined LPL, bringing $750 million in assets under management to the country's largest independent broker-dealer.
Matt Ackermann | Sep 30
Stanzak, the principal and owner of Financial Empowerment, in Bloomington, Minn., will begin her term on Jan. 1, 2014, when she succeeds Michael Branham, FPA's 2013 president.
Teck Lim | Sep 25
LPL Financial announced Tuesday it has expanded its Model Wealth Portfolios platform through the addition of two new portfolios from LPL Financial Research and two managed alternative investment portfolios from Fortigent.
Ann Marsh | Sep 25
Last month fewer broker-dealers closed their doors and fewer new ones opened them - a drop in overall activity that appears to be the product of three factors, according to David Alsup, director of business development for The Compliance Department, a consulting firm that regularly tallies these numbers.
Elizabeth Wine | Sep 23
After the shock of 2008, investors had a generally sunny outlook: they were satisfied with their portfolios and their advisors and the firms that employed them. But that is no longer the case.
Teck Lim | Sep 21
Fieldpoint Private, a Greenwich, Conn., based wealth advisory and private banking firm, announced that Susan Hirshman has joined the firm as a managing director and senior adviser.
Donald Jay Korn | Sep 21
"We provide all the tools a broker needs to thrive," said Russell Gebhard, president of Sovereign Investment Group in Houston."If the advisor is successful, it's more than likely the clients will be, too."
Matt Ackermann | Sep 20
CFO4LIFE, a Coppell, Texax, financial planning firm with more than $450 million in assets, announced Thursday it is departing from LPL Financial to become an RIA.
Matt Ackermann | Sep 20
In an effort to bolster its recruiting with financial institution, Securities America announced Thursday it has hired William J. Lavender as regional director of financial institutions.
Matt Ackermann | Sep 19
FSC Securities Corp., an Atlanta-based broker-dealer, announced that Eric Burton and Ron Whittingham and their practice, Megent Financial, have joined FSC from LPL Financial.
Matt Ackermann | Sep 19
Delaware Valley, which is based in King of Prussia, Pa., has 24 advisors and $500 million in client assets under management.
Matt Ackermann | Sep 18
Radnor Capital Management LLC of Wayne, Pa., has relaunched as an independent investment advisory firm using Dynasty Financial's open-architecture platform of wealth management services and technology.
Matt Ackermann | Sep 18
The three practices, which have a combined $673 million in assets under management, are now among the more than 540 practices nationally with the independent brokerage arm of Wells Fargo & Co.
Donald Jay Korn | Sep 18
Tampa-based JHS Capital Advisors has announced three new hires. Katie White comes from Wells Fargo, Tim Forsman from Sterne Agee, and Matthew Lovett from World Equity Group.
Lorie Konish | Sep 17
J. Kevin Stophel has moved on after 13 years with the firm to establish an independent wealth practice partnered with Concert Advisor Services and Concert Wealth Management Inc.
Matt Ackermann | Sep 17
Lawson/Wincester Wealth Management is an independent firm in Chattanooga, Tenn., led by Matt Lawson and William F. Winchester, The team also is acquiring the existing practice of Raymond James Financial Services advisor John Goodson in Wincester, Tenn.
Donald Jay Korn | Sep 13
To attract more independent advisors, HighTower has introduced two new options, the HighTower Network and the HighTower Alliance. Elliott Weissbluth, the company's CEO, said by adding these channels, HighTower will be able to attract advisors who prefer to continue to own their own practices rather than joining a partnership.
Ann Marsh | Sep 06
Independent planning firm RMR Wealth Builders of Teaneck, N.J., has left its long-time independent broker-dealer, the Cetera company, for Innovation Equity Partners Financial in Tampa, Fla.
Sep 06
With 478 advisors in 40 states, Independent Financial Partners is LPL's largest branch, but the Tampa, Fla., based firm certainly won't rest on those laurels. Currently, less than a dozen IFP advisors are fee-only, according to William Hamm Jr., the company's CEO, but that is about to change.
Gregg Wirth | Sep 06
In a nod to the competitive pricing pressure roiling the financial services industry, Advisor Group, one of the largest independent broker-dealer networks in the nation, has eliminated, or drastically reduced, the mutual fund fees it was charging to clients of its financial advisors.
Ann Marsh | Sep 04
In an effort to leverage its increasing scale while maintaining the independence of each of its four B-Ds, Cetera Financial Group is rebranding each of those companies with new names that all begin with Cetera.
Matt Ackermann | Sep 04
Lauren Locker was elected national chairwoman less than two weeks after its incoming chairman, Ron Rhoades announced he would not assume the organization's helm because of a compliance violation by his firm.
Donald Jay Korn | Aug 29
John Cartolano and his Scottsdale, Ariz., based team at NetVest Financial have joined Ameriprise from LPL, bringing with them $200 million in assets under management.
Matt Ackermann | Aug 28
Ryan Kaufman decided to leave Woodbury, where he has worked since 2009, after the company announced in July that it would be acquired by American International Group. "Given my personal experiences and past dealings with the potential new purchaser, I thought it would be hard for me to go back to my clients and explain that we were re-affiliating with the parent company," he said.
Ann Marsh | Aug 22
A new online company, FutureAdvisor, aims to break open the market for sophisticated financial advice and make that service available not only to the wealthy, but to all investors.
Launched in 2010, the Seattle-based startup says it already analyzes $4 billion in assets for its users and, today, it announced $5 million in new venture capital funding. …
Ann Marsh | Aug 22
LPL is determined to help advisors up their games in order to be able to serve clients who are generating new wealth or coming into possession of it.
Kenneth Corbin | Aug 20
A review of auditors that examine broker-dealers has unearthed an array of deficiencies in the process the firms use to evaluate their clients, including numerous of infractions that could amount to violations of SEC or FINRA rules.
Lorie Konish | Aug 20
Advisor-owned financial services firm HighTower has snapped up a Credit Suisse advisor team with about $1 billion in assets under management, marking the eighth team to move to the firm this year.
Margarida Correia | Aug 17
More than three in four advisors expect to continue selling variable annuities and allocate 11% of their assets under management toward these products, according to Cogent Research.
Kenneth Corbin | Aug 15
A new survey of broker-dealers highlights the extent to which their firms rely on back-office technology to manage and improve advisor relationships, while at the same time revealing broad dissatisfaction with the solutions that firms have currently deployed.
Ann Marsh | Aug 14
Birmingham, Ala.-based advisor group Bridgeworth Financial, with nearly $1 billion in AUM, has left Lincoln Financial to join the country's largest independent B-D, LPL Financial, in a move that demonstrates the benefits of scale.
Kenneth Corbin | Aug 10
FINRA levied almost $40 million in fines in the first half of the year and will likely doll out as much or more through the end of the year.
Aug 10
Advisors are disturbed by industry trends forcing them to put product and revenue in front of client needs. Frank McPartland, the COO of JHS Capital Advisors, says advisors want to do what is right for their clients, but are finding it tough to find the right environment to live that mantra.
Donald Jay Korn | Aug 02
LPL Financial has announced an affiliation with Advantage Financial Group that will bring client assets of about $2 billion to LPL.
Ann Marsh | Aug 01
In the ongoing consolidation of the independent B-D space, insurer AIG's acquisition of Woodbury Financial Services brings the smaller firm in from the cold where it has become increasingly challenging to survive without a larger parent company.
Larry Barrett | Jul 31
American International Group will acquire the independent broker-dealer from the Hartford Financial Services Group.
Ann Marsh | Jul 31
LPL Financial reported second quarter net income of $39.5 million, down $6 million compared to $45.5 million in the same quarter of 2011. Net revenues for the second quarter of 2012 increased 1.5% to $907 million, from $894.0 million in the prior year period.
Kylie Hennagin | Jul 18
Two financial advisors, Matt Browning and Monica Bacon-Proctor, have been added to independent broker-dealer Securities America’s base of registered representatives.
Donna Mitchell | Jun 18
As part of the service, SumRidge will offer RIAs and broker-dealers daily, weekly and monthly trading desk commentary in the fixed-income markets.
