Independent BDs

A total of 155 new advisors have joined Ameriprise in the last two quarters, and they keep coming.

Planners ranging from sole practitioners to the largest OSJ enterprises welcomed the CEO’s comment that the firm's culture was not aligned with its strategy.

The OSJ spans dozens of advisors, and it marks at least the ninth major exit following a change in policies at the No. 1 IBD.

The partners opened their RIA under consultation with a firm founded by former HighTower executives last year.

The move by the multi-generational practice stemmed from LPL’s self-clearing capabilities, one of the advisors says.

Robert Russo says the Independent Advisor Alliance has recruited nearly three dozen IFP reps, and other large enterprises have also made inroads.

The twin brothers launched Platinum Advisor Strategies well before many IBDs started rolling out promotional and coaching services for advisors.

Mutual Securities has added five new affiliated practices this year to grow to 26 teams with more than $1.5 billion in AUM on its corporate RIA.

Retired former CEO Mike Sherzan ran unsuccessfully for Congress in 2016, and he became chairman of the board prior to the deal.

The founding partners spent a combined 54 years with the No. 6 IBD before launching the fee-only firm.

The former MetLife advisors had affiliated with three different IBDs over four years amid the increasing consolidation in the space.

Soon after shuffling C-suite, the independent broker-dealer brings on nine advisors while it continues hunt for a new CFO.

Merrill Lynch’s head count isn’t suffering, but some regional BDs have grown by thousands in the past five years.

The Advisor Group IBD acquired Capital One’s in-branch brokerage unit last month, but it hasn’t stepped away from traditional recruiting either.

The ongoing shift away from commissionable products is driving major changes in the space.

The IBD network is following its rivals in launching a centralized program on succession planning and acquisitions.

Five fired and barred former registered reps stole more than $1 million from clients over a four-year period, according to the regulator.

Violating this FINRA rule has extremely serious consequences including termination and disciplinary action.

The firms may or may not be vying against one another, but their advisor forces are moving in different directions.

The IBD network disclosed the renewal of its clearing agreement, along with three firms’ intention to self-report possible mutual fund violations to the SEC.