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Grappling with margin pressure, consolidation and fragmentation, the sector questions its identity.

Wealth management firms should define success by how well their operations perform under pressure, Kestra Financial COO Kris Chester says in an episode of Financial Planning’s podcast.

The basic yet revealing query shows why it’s not just about FINRA registration as a BD and 1099 contractor status for advisors.

For the first time, the ranks of the top 25 firms according to their annual business include single entries for IBD networks.

The bank says an announcement on how far the current 51-cent payout would drop is expected in mid-July.

The industry outranked asset classes including private equity and venture capital, which have historically ranked higher in a Credit Suisse survey.

The number of pending sales dropped annually in 17 of the top 35 metro areas, data show.

The regional BD is drawing advisors from coast to coast — even in states where the coronavirus is on the upswing.

The firm had a target of joining the "$1 trillion club." Instead, clients withdrew more than $157 billion from its 2017 merger to the end of last year.

Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.