LPL Financial

It will be the largest bank channel team at the IBD, with its former clearing house Pershing taking a hit.

The latest roundup of 32 IBD affiliation moves, M&A deals and expert studies reveals the mixed impact of the coronavirus.

The rep defrauded clients with promises of a “lucrative investment” tied to the popstar that would also “help needy people,” according to regulators.

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

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.

LPL has reeled in about half of the reps changing their BDs so far this year, but the full RIA channel is also reaping big gains. Plus, other news in the indie space.

Independent advisors may enjoy freedom of choice when it comes to all things digital, but giant institutions have a leg up with integration.

From fruit baskets to operations, financial advisors can tap into a range of ideas in a time of remote work.

More than 300 reps have switched BDs so far this year, with LPL and Cambridge Investment Research completing the two largest grabs.

LPL advisor Kashif Ahmed tweeted his condition from the emergency room then focused on recovering, knowing his firm could run without him.

A former craft brewer and an ex-rugby star went indie with Gladstone Financial Resources Group.

The onetime CFP pleaded guilty to violating his parole after previously avoiding prison time through a plea deal in 2018.

Once derided as fringe and unsustainable, advisors are finally accepting the business model.

The lost assets represent a big hit to the firm’s operations in the small Missouri town where the advisor was based, ex-employer claims.

The No. 1 IBD added Securities America’s largest enterprise, whose founder says the firm’s new private equity-backed owner made him uncertain about the future.

CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”

The firm is making another targeted purchase while rivals seek to gain ground with their own deals that reshape the sector.

A lull due to the coronavirus appears to be over, according to the No. 1 IBD’s top recruiter. The firm is still competing against a slew of rivals for ex-wirehouse reps.

The firms have grabbed some three-fourths of the announced incoming advisors, as the pandemic cuts into valuations and casts uncertainty.