Independent BDs

FINRA hands out 18-month suspension, $10,000 fine and $233,000 in 'disgorgement' for selling away and nondisclosure issues, documents say.

Point72 Asset Management said it took a 5.1% passive stake in RCS in a Nov. 14 regulatory filing.

Advisors need to face a hard truth: Independent RIAs have lost this round. Fortunately, there are other, better ways to set yourself apart.

Nicholas Schorsch's expanded financial advisory business reported adjusted net third-quarter income of $35.5 million on Thursday, but revenue was driven by higher retail and investment management results.

Janet Robinson is the first woman to join the 8-member board of the independent firm founded by wirehouse managers and affiliated with Raymond James Financial Services.

Worries about a tidal wave of retiring advisors may be overblown, say some wealth management executives.

RCS executive says it “will take some time” to restore normalcy to his embattled firms.

LPL says it has indefinitely suspended sales of investment products sponsored by American Realty Capital and RCS Capital.

Lebenthal Wealth Advisors has recruited a former wirehouse branch manager and two independent advisors to fulfill its growth plans.

An independent advisor managing $165 million has joined Ameriprise's employee channel.

The Denver-based association announced Friday that it has grown in 2014 to more than 10,000 members and certificates worldwide.

Raymond James Financial's private client group contributed to record profits for the company on strong performance.

Ameriprise CEO Jim Cracchiolo credited growth in the firm's fee-based businesses and wealth management unit for the company's robust overall performance.

"This is a head-on counterattack and is definitely making the [digital] space a lot more competitive," says William Trout, a senior analyst for Celent.

Ex-LPL advisor Jeb Bashaw's new job falls through; trial lawyer says problems stemmed from private placement sales.

Former insurance company advisor's 30 victims included friends he had grown up with, according to prosecutors.

Looking at the range of services received by clients in all advisory channels, traditional wirehouses take the lead in catering to high-end client needs, according to research from Cerulli Associates.

A continuity plan should be simple and spell out how unexpected interruptions could affect the business and how to safeguard the firm, employees and clients.

Agency secures $4 billion in penalties; expert says: “make sure that you have a robust and dynamic compliance program.”

Around 80% of KMS' advisors, who are about equally divided between fee and commission-based business models, are based in Washington, Oregon and Idaho.