Osaic

As wealth managers compete for advisors, the firm picked a former one to lead it.

In the newly created position of vice president of digital solutions, Peter Clemson will oversee the creation of a unified platform for 11,000 advisors.

The troubled alts manager’s charges will trigger many more arbitration proceedings and potential regulatory cases, plaintiff attorneys say.

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.