Going independent

No RIA has ever custodied with TD Ameritrade when opting into the Dynasty Network.

Some advisory firms are rethinking whether absolute independence is still the best — and most cost-effective — option.

The No. 1 IBD will roll out the new option for advisors as it competes with other firms in its sector, platform providers and consolidators.

The private equity-backed IBD and its breakaway channel added teams managing $380 million in client assets.

The No. 1 IBD’s Focus conference drew 4,000 advisors, but it faces friction ahead in its ongoing expansion.

Sounds simple in theory, but when it comes to naming an RIA there are plenty of options to consider.

The discount brokerage says the advisor’s primary duties after his notice of resignation were to “make himself available” to help transition his clients to other brokers.

A financial planner serving entrepreneurs decided to become an entrepreneur himself.

Advisor Chuck Cooper says he hopes the new practice will be a home for breakaway wirehouse and IBD-affiliated advisors.