Osaic

The practice received a recommendation from a surprising source and wound up picking its suitor after only a three-month search.

Recruiting and retention of talent looms large for Advisor Group after it rolled up three firms in the wake of a massive acquisition.

Despite the credit-positive reading by one agency, the IBDs are competing against less leveraged rivals.

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.

The No. 1 IBD is responsible for nearly half of the dozen mega-moves in its sector this year.

Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

CEO Jamie Price says the change will reduce potential conflicts of interest related to transaction fees and come with lower prices in wrap accounts.

The advisor allegedly used an omnibus trading account to help himself and hurt his clients to the tune of tens of thousands of dollars, according to the regulator.

The independent broker-dealers big enough to serve the most financial advisors enjoy advantages but face distinct challenges.