Independent BDs

Two perennial champions retained their top ranks in 2019 — but the aging demographic poses challenges for all firms, according to J.D. Power.

A barred broker told clients the lifestyle media company was about to be acquired, so “they needed to act quickly,” according to the regulator.

Summit Brokerage Services wasn’t feeding the notifications into the transactions blotter while its ownership went into flux, according to the regulator.

Clients seeking to recoup some $14 million in damages have received only 12% of their total claims, according to an SEC-appointed receiver.

Recruitment is ongoing — not a one-time sales pitch.

The firm's chief has led growth to an expected $1 billion in revenue this year from $7 million in 1998 when she joined. It's a matter of embracing the sector's evolution, she says.

A successful recruiting strategy isn't enough to keep a financial planner put.

The combined AUM of the top 10 companies has soared by 60% to more than $770 billion over the past five years.

A PKS rep allegedly sold $190 million worth of non-traded REITs and BDCs without disclosing the commissions.

Twelve advisors join the Atria-owned IBD after logging just over a year at their old firm.

The independent broker-dealer has seen significant growth in the last three years.

The No. 1 independent broker-dealer failed to properly register more than 650 reps as agents, the prominent state regulator says.

The team made the transition with Kestra Private Wealth Services.

The group added teams from Wells Fargo FiNet and JPMorgan Chase by expanding with an eye toward meeting a need in the marketplace.

The insurance-affiliated firm aims for growth while some counterparts have exited the sector.

One team set up an independent practice while the other signed on with the firm’s employee broker-dealer.

The regional BD continues its accelerated expansion with the addition of three ex-wirehouse teams, including a father-son duo.

The No. 1 IBD has stopped offering the higher-yield funds in its automated bank deposit programs, but it notes they’re easily accessible in investment accounts.

The largest increases came from the only firms in the sector reporting jumps of at least 20% or more in 2018.

Listening to a customer service call produced a big surprise. It also showed how firms can take one position to fight complaints in private, but another in public.