Independent BDs

Dan Arnold says behavioral management, automation and portfolio and planning services need to be combined to win future clients.

CEO Dan Arnold said advisers’ uncertainty about the fiduciary rule is waning.

"This is a challenging time for the firm with the DoL rule," CEO Paul Reilly said.

The rule has cost the firm tens of millions of dollars in compliance and lost revenue.

"Banks traditionally pay higher valuations, but [RIAs] should go into deals with eyes wide open," Dave DeVoe says.

The new executive will lead a team counseling advisers on how to comply with the DOL rule.

The Labor Department has indicated that further revisions to the regulation could be forthcoming.

Firms still rely heavily on commission income despite drops last year.

The four advisers joined the more than 500 lost by the wirehouse in the last nine months.

The two advisers bolted in a quarter that saw their ex-firm lose 130 advisers.

The nation’s largest IBD plans to launch a platform with load-waived shares from 20 companies.

Depending on business mix, some advisers could see a pay cut.

Marketing and sales strategies are better received when firms provide information advisers are actually seeking.

The engine of future growth for the top independent broker-dealers is likely to be fees.

Concerns about management dragged down job satisfaction ratings in J.D. Power’s annual survey.

His move is also something of a reunion, as Steward Partners CEO Jim Gold once served as his manager at Smith Barney.

The magnate's fallen empire included RCS Capital, the onetime parent of Cetera Financial Group.

Concerns with the fiduciary rule, compensation and leadership pushed down satisfaction ratings.

None of the FP50 are close to equalizing their ranks of men and women.

Implementation of fiduciary rule could drive more IBDs to seek safe harbor with large partners.