Independent BDs

The division, created in 2001 and made up of affiliated RIA firms who custody their assets with Raymond James, now includes about 100 firms, approximately 250 advisors, and more than $8 billion in assets.

Raymond James lured six advisors with over $350 million in client assets to its independent channel, the company announced Thursday.

The acquisition comes just nine days after United Capital acquired an Atlanta wealth manager and is the latest example of the firm’s aggressive, Starbucks-inspired expansion strategy.

Sanctuary Wealth Services, a San Francisco-based platform provider and services support firm for wealth managers, has snagged a Morgan Stanley breakaway team specializing in proprietary asset management.

The Boston company said it is realigning to better serve advisors in the independent, bank, broker-dealer and family office channels.

St. Louis-based Buckingham Asset Management has added JWA Financial Group of Dallas in its latest acquisition.

To continue its expansion in Atlanta, United Capital announced Monday it bought the majority of the assets of Atlanta-based PPA Advisors.

The nation’s largest independent broker-dealer is partnering up to enhance its recently launched online retirement planning services platform.

Industry veteran Steve Dunlap, who previously held two top jobs at Bank of New York Mellon, is joining Cetera Financial Group as executive vice president, wealth management.

FINRA has censured Securities America and fined it $100,000 for making inaccurate and misleading statements to clients via emails.

LPL Financial hired an ex-SEC official as its new general counsel as the firm continues to restructure its management team.

After seven years with another independent broker-dealer, an Omaha, Neb,. team has returned to Securities America.

LPL Financial, the nation’s largest independent broker-dealer, has reached $50 billion in total RIA assets under custody, doubling its year-ago total.

Less than a week after landing another Morgan Stanley advisor, Raymond James has lured a Midwestern group with over $240 million in assets under management from Morgan Stanley to its independent-broker dealer.

RCAP CEO Nick Schorsch says the deal could be a "tipping point" in a new wave of private equity investment in independent broker-dealers.

First Allied Holdings, an independent broker-dealer, is set to be acquired by RCAP Holdings.

John Hancock Financial Network is picking up another 280 registered representatives?with the acquisition of Symetra Investment Services.

Industry leaders will gather in Palm Beach, Fla., for TD Ameritrade's advisor conference to discuss wealth management trends and the future of financial advice regulation.

A National Financial Partners Corp. shareholder sued to block the firm’s $1.3 billion sale to Madison Dearborn Partners LLC’s, a Chicago-based private equity firm.

Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, named Rich Hunter president and chief operating officer on Friday and also announced new affiliation models for its nearly 1,500 financial advisors.