Industry

Following two recent mega-mergers in the bullion space, the fight to secure dominance is intensifying.

The private equity-backed parent now spans four independent broker-dealers with nearly 2,000 advisors and $65 billion in client assets.

The fast-growing firm now has more than 100 brokers.

"The more objective you can make things, the better it will be," an expert says.

The firm is “looking to aggressively compete” by lowering and simplifying the fees on its advisory platforms, a top executive says.

The firm expects shareholders will save an estimated $3.2 million, annually.

“The amount of capital available to this industry is small relative to the size of the need,” says one new lender.

Mainstays of the sector like Commonwealth, Cambridge and Northwestern Mutual are contributing to it, but smaller firms are also driving change.

The rule can create significant tax savings, but in unskilled hands it can just shift the burden elsewhere.

The No. 1 IBD aims to triple its potential target market reach, in part by adapting some aspects of employee services to independence.