Independent BDs

The 37-year veteran advisor’s settlement with FINRA is the latest phase of a two-year saga involving a father-son team at an Indiana practice.

One former rep is responsible for more than 80% of the firm’s sales of the defunct LJM Preservation & Growth Fund.

Ancora, which previously took on Bed Bath & Beyond and Big Lots, argues the company suffers from poor leadership.

With a new brand and new leadership, the firm hopes to tap into a burgeoning wealth management sector.

Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.

The IBD network added a community bank’s investment program after exceeding the goals it set at the beginning of 2020, its head recruiter says.

The rep reeled in at least a dozen victims to the complex scam even though he was suspended from the industry for a different case, according to investigators.

Ascensus sold the practice with four reps and $490 million in client assets after acquiring it two years ago.

Questions about job losses and real estate are adding more complexity to the usual post-deal issues involving advisor retention and company consolidation.

Wealth Enhancement Group’s second acquisition of 2021 comes as experts say there’s an “ever-increasing buyer appetite” for $1 billion-plus firms.

With planners aging and the industry’s demographics still far out of step with the country’s, wealth managers are bulking up their support for new entrants.

Part of a push by the company to open offices in underserved areas, Anthony Williams aims to make it “a pillar” of the community, he says.

The growing practice’s founder dropped his FINRA registration after 14 years with KMS Financial Services.

The wealth manager aims to build connections and take feedback through a new group resembling ones launched by rivals in recent years.

The IBD unveiled its second major recruiting addition in as many months to kick off the year.

As wealth managers compete for advisors, the firm picked a former one to lead it.

The agreement will expand the companies’ recruiting efforts in the bank and wirehouse channels.

In the newly created position of vice president of digital solutions, Peter Clemson will oversee the creation of a unified platform for 11,000 advisors.

The troubled alts manager’s charges will trigger many more arbitration proceedings and potential regulatory cases, plaintiff attorneys say.

The team’s client base primarily consists of business owners, corporate retirement plans, families and individuals and retirees.