Bank Channel

A team that has grown through acquisitions dropped the No. 1 IBD after the institution purchased another one for more than $600 million.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.

The No. 1 IBD’s 2,500-advisor bank channel will add 285 more reps when two massive investment programs affiliate next year.

The independent firm has been an aggressive recruiter since its founding in 2013.

The policy shift involves a modest number of advisors in Texas as wealth managers also gear up for office reopenings.

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.

Firms "pulled in many directions" in recent years can find their way with the right technology, Jemstep CEO Simon Roy says in an episode of Financial Planning's Invest Podcast.

For wealth management to achieve sustainable organic growth, the industry needs to boost the number of households served by financial advisors and firms, consultant Gavin Spitzner says in an episode of Financial Planning’s Invest Podcast.

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21% in the fourth quarter.

The Chase Wealth Management and J.P. Morgan Securities operations will become one unit with $400 billion in assets.