Industry

Updated Saturday, August 2, 2014 as of 12:33 AM ET

Industry

Ex-LPL Exec's New Firm Has Ties to SEC-Barred Advisor

Four months after resigning "in light of the company's concerns about [his] interactions with other employees," a former LPL Financial executive has a new job -- with a firm whose recent regulatory history might fall under the label, "it's complicated."

As head of independent advisor services for the nation's largest independent broker-dealer, Derek Bruton worked with thousands of advisors. In his new role, he'll oversee 70 employees as CEO of Lucia Capital Group -- a holding company that owns multiple subsidiary firms, including two RIAs (RJL Capital Management and RJL Wealth Management) and a broker-dealer. more »

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CFP Board Backs Off Threat to Investigate Planner Rick Kahler

Board pledges not to punish widely followed advisor while they try to resolve fee-only compensation issue; draws accusations of 'arbitrary' treatment. more »

'We Are Not Happy': LPL Profit Falls 4.4%

Increased operating expenses and higher than anticipated regulatory costs and fines contributed to a 4.4% drop in second-quarter net income at LPL Financial. more »

Trailblazing Breakaways Challenge Wirehouse Model

Entrepreneurial advisors are leaving the wirehouses and constructing new business models the industry hasn't seen. But before joining these trailblazers, other advisors should think about what it is they want to change. more »

Cantor Grows Wealth Management Biz With RIA Pickup

The financial powerhouse announced it has acquired the business of Capital Planning Advisory Group, a small Yardley, Pa.-based RIA. The team will bring $120 million in client assets. more »

Washington Wealth Snags Breakaways With $200M AUM

After leaving LPL for NFP, Washington Wealth brings its breakaway advisor total to seven for the year thus far. more »

HighTower Adds $400M RIA Team

HighTower has expanded its West Coast market by picking up an independent team with $400 million in assets in Bellevue, Wash. more »

Deutsche Bank Names Dilworth Head of Active Asset Management

Deutsche Bank hired James Dilworth, chief executive officer of Allianz Global Investors Europe, to lead management of active assets. more »

Raymond James Financial's Profits Balloon 46%

Record quarterly profits of $122.7 million were boosted in part by the performance of the regional firm's private client group. more »

Baird Nabs 2 Advisors From Wirehouses

Baird has appointed a director for its Houston market and has picked up another advisor with $350 million in client assets. more »

Management Tip: Is Your Org Chart Helping You Grow?

Increasingly, firms are seeking to move toward an ensemble model to improve flexibility and ease the burden on top advisors. more »