Andy Kalbaugh

During Andy Kalbaugh’s tenure with the No. 1 IBD, its headcount grew by more than 50% to nearly 17,000 reps.

Planners ranging from sole practitioners to the largest OSJ enterprises welcomed the CEO’s comment that the firm's culture was not aligned with its strategy.

LifeYield unveiled its second agreement with an IBD to offer its software, which had previously only been available to large institutional clients.

Bill Hamm’s Independent Financial Partners has grown more than fivefold in 10 years with the No. 1 IBD.

The deal is only the first step in a major growth plan, according to the acquiring firm’s founder.

After acquiring four firms’ assets, the industry giant still faces big challenges ahead.

The firm aims to maximize its value to advisors, but observers caution that it faces big challenges.