Career moves

It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.

Democrat Joe Biden is expected to name his SEC chairman pick in the coming weeks.

The addition for Venture Visionary Partners grows its staff to 28 and total AUM to $3.7 billion.

Executives provided advisors an update. The company has separately said it cut more than 200 retail branches at the end of last month.

A former chief information officer of PR firm Cision will take over as CTO following Scott Grinis’s retirement.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

The former wirehouse advisors specialize in financial strategies for high-net-worth clients, families and businesses.

The company said no additional layoffs would take place this year, but it left the door open to future staffing changes at the newly combined enterprise.

The No. 1 IBD is keeping up the recruiting momentum that’s sustaining record headcounts and billion-dollar moves.

Steve Alch, a U.S. Army veteran, has been with the company since 2001 and has overseen the wirehouse’s operations in Orlando.