Osaic

Patrick Funke & Associates' decision to join Commonwealth Financial Network suggests that despite its pending purchase by LPL, Commonwealth still appeals to advisors seeking a smaller setting.

Jamie Price of Osaic says attrition at his firm was below expectations during its recent internal consolidation of nine separate brokerages and that not having a self-clearing and self-custody business is an advantage these days.

The deal marks the purchase of one private equity-owned firm by a much larger one with majority private equity backing.

Matt Schlueter, executive vice president of operations and technology solutions, spoke to Financial Planning about how tech stack flexibility and integration keep such a large organization running.

John Hicks, the chief marketing officer of Ausdal Financial Partners, sees his firm's lack of private equity ownership as a big part of its appeal.

Affiliated Advisors aims to recruit, retain and advance wealth management professionals with resources aimed at three different career stages.

The wealth management business of the world's largest credit union and its 14 million members opted to choose its own destination after a giant M&A deal.

FINRA charges restitution but forgoes punitive fines for the three firms after crediting them for cooperating in its investigation.

The 10 largest transitions include deals by LPL and Osaic, hybrid RIAs that received private equity infusions and even a new public offering by a SPAC investor.

Dimple Shah, Osaic head of corporate strategy, said she and other executives expected some advisors to leave during the firm's "Journey to One" and that attrition has been mostly in line with expectations.