Osaic

The growing practice’s founder dropped his FINRA registration after 14 years with KMS Financial Services.

The wealth manager aims to build connections and take feedback through a new group resembling ones launched by rivals in recent years.

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.

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.

The list shows how firms of all sizes face a pivotal balancing act in seeking to recruit and retain advisors.

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.

SagePoint Financial failed to adequately supervise reps who recommended that clients exchange the products before maturity, the regulator says.