Finance

The deal, which closed Oct. 31, adds 17 financial advisors and marks the RIA acquirer's fourth purchase under its new ownership.

The leading IBD firm is eager to dominate the entire advisor industry, following another strong quarter for recruiting.

Coming off another record quarter, the independent broker-dealer giant sought to reassure analysts questioning its stagnant advisor headcount.

The firm's total advisor headcount holds steady while its assets under management swell to $816 billion.

The firm's bottom line took a one-time hit from legal expenses even as it recruited advisors and added to its assets.

CEO Dan Arnold said on the firm's last earnings call that the tools were "receiving positive early feedback and demand in the marketplace."

Thomas Brenner joins his accomplices Perry 'King Perry' Santillo and Christopher Parris in receiving prison sentences for defrauding investors.

The unprecedented run of bull markets that buoyed fund managers' investments and masked life-threatening vulnerabilities may be a thing of the past.

The mega bank predicts the traditional investing strategy will outperform both cash and inflation in the next 10 years.

Company executives also called attention to the firm's new wealth management system, Wove.