Independent BDs

The rarely dinged firm joined peers grappling with two issues: mutual fund fees and supervision of advisors who've been sanctioned multiple times.

The firm will test markets in a few cities next year in a bid to keep pace with a shifting wealth management landscape.

The representative had already been permitted to resign and suspended by state regulators, but the firm lost its case for additional damages.

AdvisoryWorld will operate as an independent subsidiary under the No. 1 IBD while adding new offerings for its 30,000 advisor and institutional clients.

With 27,000 advisors on the move this year in wealth management, the industry remains in a period of flux.

B. Riley is grabbing a majority stake in National Holdings while pledging to be a passive investor in the overhauled firm.

The executive argues the firm’s ownership structure is giving it a leg up — rather than posing the issues for advisors decried by critics.

Executives say valuing friendliness alongside other factors is helping to drive a record $66 million in incoming production this year.

The fully-independent channel remain a competitive threat to IBDs attempting to retain top advisors while dealing with lost revenue.

President Shawn Mihal unveiled a series of changes to the firm’s compensation grid, field structure and advisory programs.