Independent BDs

At least seven firms with outside RIAs have left the No. 1 IBD since it announced a change in policies last November.

A client's alleged complaint sparked a dispute between the wirehouse and its former advisors.

Shifts in the annual ranking of the nation's independent broker-dealers show how pressure on IBDs is intensifying.

The nation's largest IBDs are growing again, but are they innovating fast enough to keep up with the industry's transformation?

This interactive tool provides the full collection of data from Financial Planning's 33rd annual study of the largest firms in the space.

Thirteen of the top 25 companies generated double-digit growth in 2017 as rivals close in on the perennial No. 1 firm.

The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.

At least six RIAs have left since the No. 1 IBD announced a change in policies last November.

Kestra Private Wealth Services CEO Rob Bartenstein says the new practice makes the fourth new office added this year by the hybrid RIA.

The network brought together three dozen advisors with 20 tech vendors as it seeks their input on potential partnerships and acquisitions.

The advisor told victims that he would invest their money in Royal Alliance brokerage accounts but instead used the funds to make BMW car payments and pay for personal expenses, prosecutors claimed.

The broker-dealer refuted allegations that it used false advertising to mislead customers into thinking that the investment services it provided through a Utah-based credit union were part of the credit union.

Investment advisors and broker dealers have different “relationship models” with clients, the chairman says.

The regulator will save members tens of millions of dollars by helping them verify advisors’ Form U4 financial disclosures, Robert Cook says.

The No. 4 independent broker-dealer has unveiled two major recruiting grabs from its rivals in two weeks.

If Cetera ties itself to a culturally unmatched firm, the roadblocks it creates for itself may be too much to overcome, an industry recruiter says.

Firms are required to verify their procedures are reasonable, but they also must tailor their supervision to individual advisors, and sometimes that means crafting higher level of oversight for some people.

Independent Financial Partners’ CEO predicts the firm will retain about 80% of its business, despite a daunting series of challenges.

More advisors can’t ignore the call to go independent.

The firm left Kestra for PKS as part of the move as increasingly large breakaways fuel the independent movement.