Independent BDs

In a bid to attract clients left out by AUM fees, IBDs are enabling advisors to take approaches first made popular in the full RIA channel.

Planners and experts dive into wirehouse pay, charging clients at a higher rate, emerging business models and other key issues.

For its next leader, Ohio National turned to a veteran executive with prior experience leading its independent broker-dealer.

James Booth’s seven-year fraud bilked investors out of nearly $5 million.

The No. 1 IBD is responsible for nearly half of the dozen mega-moves in its sector this year.

Necessary new approaches include better cultural understanding, more flexibility for new entrants and more outreach, advisors and executives say.

As the Federal Reserve strives to help the economy, wealth managers’ revenue takes a hit.

In a surprise announcement, Private Advisor Group tapped Moore as CEO nearly two years after he left Cetera for undisclosed medical reasons.

It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.

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.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.

The private equity-backed firm’s bottom line has been less affected by coronavirus-related low interest rates than its rivals, Moody’s says.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

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 nation’s largest IBD made its first tech deal this year for a firm that has $120 billion in assets on its platform.

The No. 1 IBD is keeping up the recruiting momentum that’s sustaining record headcounts and billion-dollar moves.

The move represents the third largest out of the IBD channel in 2020, according to company recruiting announcements tracked by Financial Planning.

Genstar Capital Managing Partner Tony Salewski spoke openly with advisors about the firm’s investment strategy for the IBD network.