Independent BDs

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.