Independent BDs

The fiduciary rule would significantly change how advisors are compensated and is part of a global trend to increase investor protection, researchers say.

The languishing performance of LPL shares has drawn the attention of activist investor Richard McGuire, whose hedge fund, Marcato Capital, has taken a 6.3% stake in the IBD.

Ron Kruszewski talks with On Wall Street about Stifel’s recent acquisitions and why there has been some advisor attrition at Barclays' U.S. brokerage unit ahead of its acquisition by Stifel.

Edward Jones and four other firms were sanctioned by FINRA for overcharging some clients on mutual fund sales.

Chief Executive Paul Reilly acknowledged that the firm has been exploring potential acquisitions, but declined to discuss specific targets with analysts during an earnings call.

The firm's wealth management unit reported that growth in client assets was flat year-over-year, and declined $20 billion from the previous quarter to fall to $433 billion.

Serving public shareholders conflicts with LPL's ability to serve advisors and clients, says David Pickler, who has moved to Commonwealth Financial.

As Cetera is shopped around by Lazard, the IBD’s advisors say they want to stay with the firm but will leave if they must.

After buying the B-D just last year, a major loss is possible as RCS looks to avoid defaulting on its debt, sources say.

HD Vest will marry its data mining capabilities and lineup of advisors to Blucora's free online tax preparation platform, but CEO Roger Ochs won’t call it a robo.

Bleakley Financial Group is now using LPL's Private Advisor Group to provide its clients with custodial and broker-dealer services.

Despite assurances from industry regulator that it's shelved the campaign to take over advisor exams, some officials worry the RIA sector is "one crisis away" from a new and adverse regulatory regime.

Firm cautions brokers to rethink how they approach their relationships with advisors to better cater to team practices.

Bijan Mohseni and David Townsend, who managed $150 million in client assets, enticed to Raymond James by firm's reputation and its back-office support.

The team made the move in part to be able to grow in new directions, says senior financial advisor Tommy Boyd.

Merger of two LPL practices seeks to expand a new niche; banks seek non-interest, fee-based income from independent planners.

By taking a 6.3% stake in LPL, activist investor Marcato Capital is expected to push for big changes, as it has at public companies such as BNY Mellon and Sotheby's.

United Capital plans for a white label version of its financial life management platform and the firm will be announcing an acquisition of a robo solution in the fourth quarter.

Panel envisions a recognizable credential that would help investors distinguish between financial professionals committed to clients' best interest and those pushing products.

Steve Dunlap is one of at least six top leaders who have lost jobs at Cetera or its troubled parent, RCS Capital, during last ten months.