Ladenburg Thalmann Financial Services

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.

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

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

While CEO Jamie Price says tech capabilities rather than cost savings prompted the decision, he acknowledges the need to win over the reps who are now set to change firms.

Rivals and rating agencies aren’t taking any breaks in the pandemic, and CEO Jamie Price says the new giant IBD network remains on track as well.

Moody’s lowered the giant IBD network’s credit rating with sobering words that could resonate across wealth management.

Rivals will be waiting to seize on any changes that may irk some 4,400 representatives poised to operate under a new parent IBD network.

The record level of transactions — as well as long-term industry shifts — often prompt advisors and other wealth management professionals to assess their options.

With the industry closely watching the complex integration, the selling network's parent divulged how it struck the $1.3-billion agreement to form a giant IBD.

The firm hasn’t made any decisions about advisor retention bonuses, but some top shareholders will earn tens of millions of dollars once the deal closes.

The acquisition of Ladenburg Thalmann for $1.3 billion would take the private equity-backed firm into the realm of the largest firms in the sector.

The Reverence Capital Partners-backed network would expand into nine subsidiary brands with 11,500 advisors under the deal, taking the selling firm private.

New KMS Financial Services CEO Erinn Ford’s team has attracted 28 advisors in 2019.

The network of five IBDs with 4,400 advisors hasn’t made a final decision, according to Bloomberg News.

Median revenue surged by 18% in the sector, but forward-looking companies have already adjusted to a fast-changing industry.

Triad Hybrid Solutions has added 31 advisors and $1.3 billion in AUM since the beginning of last year.

Newday’s tools include content centered around clients’ issues of focus and, soon, a corn-based compostable debit card.

A barred and terminated former Securities America advisor’s conduct was “appalling, reprehensible and evil,” according to a federal judge.

The stark figures show that only about one-sixth or fewer of the sector’s financial advisors are women.

Ladenburg Thalmann's largest firm has added at least five teams in the wake of recent acquisitions by rivals.