Osaic

The 50 largest teams and OSJs to change their affiliations show both the threat to incumbent firms posed by RIAs and the scale afforded by acquisitions.

CEO Jamie Price and other executives met with some 1,000 prospective advisors after inking one of the largest M&A deals in the IBD space this year.

The No. 1 IBD’s major spending on recruiting, technology and organic growth is yielding big returns.

About 60 advisors have joined the broker-dealer so far this year, with five advisors and two firms coming on this month.

Allianz became the second multinational insurance firm to step away from the IBD space this year under a plan to shutter Questar Capital.

The practice is at least the second this year to jump from the Advisor Group firm to its similarly sized rival.

Larry Roth, who was also head of AIG Advisor Group, is offering up his expertise after helping both firms navigate difficult years as their chief executive.

The regulator accused the four firms and the Advisor Group network of supervisory failures in sales of L-share VAs in separate but near-identical cases.

The practice has grown rapidly, but it now faces a major decision about its IBD plans following the announcement of Advisor Group’s acquisition.

The move to acquire the No. 16 firm from John Hancock reflects the acceleration of industry trends and a potential giant in the making.