Independent BDs

The holding company launched only two years ago, but it’s already made two purchases and has several more in the works.

Dr. Phillip Frost, the principal shareholder of the IBD network’s parent firm, has stepped down, giving way to CEO Richard Lampen.

The practice is at least the second this year to jump from the Advisor Group firm to its similarly sized rival.

Upon closing, the deal will push Wealth Enhancement’s advisor head count beyond 70 financial planners.

The No. 1 IBD drew in a team composed of both CPAs and advisors.

The race is one of several this cycle featuring candidates from the wealth management space.

The four-advisor practice joined the No. 1 IBD after its CEO pledged to transform the company’s culture.

Firms’ head counts show how they’re responding to a challenging time in which experts predict the number of advisors to fall in coming years.

Regulators in Massachusetts launched a “sweep” of more than 60 firms that sold nearly $1.3 billion in limited partnerships sponsored by GPB Capital.

The tax-focused IBD is betting on a switch to Fidelity and Envestnet while undergoing a cultural shift.