Independent BDs

Updated Thursday, May 23, 2013 as of 7:20 AM ET

Industry - Independent BDs

J.W. Cole Buys Financial Advisers of America

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.

J.W. Cole reported $51.5 million in revenue last year, according to Financial Planning's annual FP50 list, which will be released next week. J.W. Cole, which ranked 62nd on the list, expects the acquisition will generate $100 million in revenue this year. more »

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After $10M Settlement, Time for IBD Strategy Shift?

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. more »

HighTower Gears Up for Growth

The firm completed a round of financing and added two new directors to focus on recruitment. more »

Securities America Fires Latest Salvo in Talent War

The Securities America move underscored the intensity with which advisory firms are competing for talent, executive search experts said. 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 »

Dynasty Partners With Canadian Wealth Manager

Dynasty Financial Partners is crossing the border and headed north. more »

Wells Fargo Advisor Network Adds 2 Seattle-Area Practices

The practices, in Mercer Island, Wash., and Lynnwood, Wash., have a combined $549 million in assets under management. more »

LPL Near $1 Billion in Net Quarterly Revenue

For the first time in the fast-growing company’s history, LPL has posted nearly $1 billion dollars in net quarterly revenue. more »

Raymond James Poised for Earnings Growth After 2Q

Revenue and assets increased year-over-year as the firm began to streamline operations after the Morgan Keegan integration in February. more »

Building Ameriprise’s Value Proposition

The president of Ameriprise Financial’s Personal Advisor Group lays out his firm’s plan to attract and retain advisors. 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 »

Raymond James Chief IDs Top Priorities

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, Regulation, Technology Top Raymond James Agenda

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 »

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