Independent BDs

Commissions and cash-sweep revenue jumped by more than a combined $100 million in 2018 — even as the parent firm’s longtime chairman left the company.

The group with $175 million in client assets opted for a Ladenburg IBD they think is less likely to change hands in the future, the OSJ manager says.

The 12-advisor practice serves clients in a group often neglected by the industry, its managing directors say.

Bleakley Financial has launched its eighth office under its affiliation with LPL and Private Advisor Group.

The RIA divisions of Raymond James and RBC are also among the companies that self-reported.

Fourth-quarter equity losses stanched client assets at wirehouses, indies and other brokerages — but their stocks are regaining ground after reporting earnings.

The network’s parent disclosed the results of its first year under a new accounting standard affecting the top line at many large U.S. businesses.

The six-IBD network lost advisors during a capital structure change, but its new majority owner says the predicted expansion is still on track.

Woodbury Financial Services has added 572 advisors with $22 billion in client assets since the fall of 2017, CEO Rick Fergesen says.

An established name in muni markets, the company hopes to expand its footprint in the wealth management industry.

Even as BDs transition from their commission roots, too many still treat advice as a liability.

The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.

Succession planning, reputation and technology proved to be important in the decision-making process for these advisors.

The husband-wife team left LPL after 11 years with an eye toward its rival’s tech and service offerings.

Smaller firms are opting to turn into OSJs in an era of shrinking margins for IBDs and record consolidation in wealth management.

The private equity giant with a track record of taking firms public would add the IBD to its list of more than 850 investments for $73 billion worldwide.

The No. 1 IBD is pitching advisors on the merits of its offerings — but rivals have also added major teams from its ranks.

The IBD is one of three dozen firms the regulator has accused of failing to provide sales-charge waivers to eligible retirement plans and charities since 2015.

The new standalone firm’s first licensing agreement would bring MassMutual’s 9,000 reps on to the platform developed by the No. 4 IBD.

The CEO said his decision to resign followed a physician’s recommendation in connection with an undisclosed medical problem.