Securities America

The No. 1 IBD added Securities America’s largest enterprise, whose founder says the firm’s new private equity-backed owner made him uncertain about the future.

Moody’s lowered the giant IBD network’s credit rating with sobering words that could resonate across wealth management.

Rivals will be waiting to seize on any changes that may irk some 4,400 representatives poised to operate under a new parent IBD network.

The acquisition of Ladenburg Thalmann for $1.3 billion would take the private equity-backed firm into the realm of the largest firms in the sector.

The Reverence Capital Partners-backed network would expand into nine subsidiary brands with 11,500 advisors under the deal, taking the selling firm private.

The network of five IBDs with 4,400 advisors hasn’t made a final decision, according to Bloomberg News.

Median revenue surged by 18% in the sector, but forward-looking companies have already adjusted to a fast-changing industry.

A barred and terminated former Securities America advisor’s conduct was “appalling, reprehensible and evil,” according to a federal judge.

The stark figures show that only about one-sixth or fewer of the sector’s financial advisors are women.

Ladenburg Thalmann's largest firm has added at least five teams in the wake of recent acquisitions by rivals.

The combined AUM of the top 10 companies has soared by 60% to more than $770 billion over the past five years.

Several of the new recruits had spent more than a decade with Questar.

The two firms' boosts came amid equity headwinds — and both wealth management units now have nearly 4,400 financial advisors.

Evolution Financial Advisors has grown to 86 advisors with $2.6 billion in client assets under Securities America.

The Ladenburg IBD failed to spot the red flags of a barred ex-advisor who later pleaded guilty to fraud, former clients say.

Ladenburg Thalmann’s largest IBD also says it recruited more than 300 advisors with $2 billion in AUM in 2018.

Commissions and cash-sweep revenue jumped by more than a combined $100 million in 2018 — even as the parent firm’s longtime chairman left the company.

The group with $175 million in client assets opted for a Ladenburg IBD they think is less likely to change hands in the future, the OSJ manager says.

The network’s parent disclosed the results of its first year under a new accounting standard affecting the top line at many large U.S. businesses.

The hybrid RIA wants to reach $10 billion in assets within four years.