Portfolio

Some advisors say they’re busier than ever in the last weeks of 2020.

The UHNW unit signed advisors managing a combined $3.7 billion this year and committed to maintaining a physical presence in its New York headquarters.

LPL Financial and indie rivals like Raymond James, Wells Fargo FiNet and Kestra Financial completed at least 17 recruiting grabs of $800 million or more this year.

Like its largest rivals, the wirehouse kept grids at par after a tumultuous 2020.

With 350 firms on its client roster, the acquisition of Flourish gives the insurer a springboard into the independent advisor market.

Despite a rocky year, these 20 funds recorded an average return of 13.6%.

The firm’s four new additions came from two wirehouses.

The unit could fetch more than $3 billion, according to people familiar with the matter.

It’s one of the largest teams to quit a wirehouse this year.

After a volatile year, advisors get a reprieve when it comes to payout changes.