RIA | On Wall Street

Updated Thursday, May 23, 2013 as of 12:14 PM ET

RIAs

A $9 million payment by LPL Financial to settle a FINRA regulatory matter offers a cautionary tale for other firms, industry sources say.

FINRA says it has ordered LPL Financial, the nation's No. 1 independent broker-dealer, to pay a total of $9 million for alleged "significant" email system failures and for making misstatements to the regulator. more »

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Are Financial Advisors Failing Athletes?

Austin Philbin, of Dynasty Financial Partners, explains why athletes are often led astray when it comes to finances -- and suggests how advisors can do a better job working with them.

Independent advisors should be preparing themselves more aggressively for sale and consolidation, a new study says. more »

Revamp, Reinvest and Reinvent Your Way to a Thriving Practice

“This is not an easy business,” Carson told an audience on Thursday of over 500 advisors at the 24th Peak Excell Meeting. “It is a rewarding but difficult business … and we have to constantly reinvest and reinvent.” more »

Stratos Finds Success With Hybrid Model

In five years, Stratos Wealth Partners has grown from a glimmer of an idea to a firm with 130 advisors nationally and over $6 billion in assets under management. The secret to its success: a hybrid RIA model. more »

Savant Launches Online Portal, But Traditional Channels Remain Critical

The platform, eSavant Advisor, which was introduced Monday, caters to clients with at least $50,000 in investable assets. more »

Sallie Krawcheck Scolds Financial Advisors

The financial services industry needs a major makeover, Sallie Krawcheck said at an industry conference Friday. more »

Mutual Fund Asset Growth: IBDs, RIAs Outpace Wirehouses

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 Adds Florida Advisory Team

LPL Financial added Ingham Retirement Group to its broker-dealer and RIA custodial platforms. more »

Advisor M&A: Who's Buying RIAs Now?

The number of deals for RIA firms jumped in the first quarter, according to new research from Schwab Advisor Services. But transaction value was lower than at any point in the last year. more »

Trust Company of America Partners With RIA in a Box

Trust Company of America is expanding its Advisor Pathways program by partnering with RIA in a Box. more »

RIA Share to Rise: Cerulli

Registered investment advisor assets continue to ascend rapidly, according to Cerulli Associates. more »

7 Ways to Go Independent

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 »

Linscomb & Williams Opens Alabama Office

Linscomb & Williams, a fee-only RIA with $2 billion in assets under management, announced Tuesday it is opening an office in Birmingham, Ala. more »

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