Independent BDs

Firms’ head counts show how they’re responding to a challenging time in which experts predict the number of advisors to fall in coming years.

Regulators in Massachusetts launched a “sweep” of more than 60 firms that sold nearly $1.3 billion in limited partnerships sponsored by GPB Capital.

The tax-focused IBD is betting on a switch to Fidelity and Envestnet while undergoing a cultural shift.

Larry Roth, who was also head of AIG Advisor Group, is offering up his expertise after helping both firms navigate difficult years as their chief executive.

The deal with the family-run independent insurance firm followed record sales in fixed-index annuities.

A settlement with Massachusetts regulators resolved a nontraded REIT case, but NPH’s terminations from FINRA and a handful of states are still pending.

The SEC says the 33% owner of the parent of the IBD network participated in unlawful microcap stock sales resulting in “virtually worthless” investments.

Stratos Wealth and other OSJs are offering more types of affiliation and equity deals in a bid to stem a competitive threat.

A total of 155 new advisors have joined Ameriprise in the last two quarters, and they keep coming.

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.

The OSJ spans dozens of advisors, and it marks at least the ninth major exit following a change in policies at the No. 1 IBD.

The partners opened their RIA under consultation with a firm founded by former HighTower executives last year.

The move by the multi-generational practice stemmed from LPL’s self-clearing capabilities, one of the advisors says.

Robert Russo says the Independent Advisor Alliance has recruited nearly three dozen IFP reps, and other large enterprises have also made inroads.

The twin brothers launched Platinum Advisor Strategies well before many IBDs started rolling out promotional and coaching services for advisors.

Mutual Securities has added five new affiliated practices this year to grow to 26 teams with more than $1.5 billion in AUM on its corporate RIA.

Retired former CEO Mike Sherzan ran unsuccessfully for Congress in 2016, and he became chairman of the board prior to the deal.

The founding partners spent a combined 54 years with the No. 6 IBD before launching the fee-only firm.

The former MetLife advisors had affiliated with three different IBDs over four years amid the increasing consolidation in the space.

Soon after shuffling C-suite, the independent broker-dealer brings on nine advisors while it continues hunt for a new CFO.