The No. 1 IBD added Securities America’s largest enterprise, whose founder says the firm’s new private equity-backed owner made him uncertain about the future.

With marketing, reporting and the Junxure CRM, the acquisition brings much more than a robo advisor to the asset manager.

CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”

Phased succession plans that stagger the amount of equity changing hands can help usher in the next generation of financial advisors, PPC Loan Managing Partner Dustin Mangone says in an episode of Financial Planning’s Invest Podcast.

The firm is making another targeted purchase while rivals seek to gain ground with their own deals that reshape the sector.

I am advising some clients to ladder maturities to lock in more dependable tax-free income streams — especially for those in states with high income taxes, like California.

Even as Schwab, TD Ameritrade and E-Trade attract billions in new assets, company cash yields suffered from Fed cuts.

The firms have grabbed some three-fourths of the announced incoming advisors, as the pandemic cuts into valuations and casts uncertainty.

Private equity points to the birth of the advisor independence movement as proof they’re in it for the long haul.

Firms "pulled in many directions" in recent years can find their way with the right technology, Jemstep CEO Simon Roy says in an episode of Financial Planning's Invest Podcast.

The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.

Since the all-stock purchase was announced, TD Ameritrade's valuation has plummeted and both firms are now operating with most, if not all, staff working remotely.

“Traditionally, 401(k)s generally have some really good investment options that you wouldn’t be able to do on your own,” an expert says.

Rivals and rating agencies aren’t taking any breaks in the pandemic, and CEO Jamie Price says the new giant IBD network remains on track as well.

Ratings agencies predict major losses for all of the largest BDs, prompting firms to reassess strategies in uncertain times.

The Justice Department’s antitrust division has signed off on the takeover without requiring any changes, according to a person familiar with the matter.

The asset manager will serve “as a third-party vendor to operationalize these purchases and transact with the primary dealers,” the New York Fed said.

Moody’s lowered the giant IBD network’s credit rating with sobering words that could resonate across wealth management.

Moody’s affirmed the company’s “B3” rating but signalled the potential wide-reaching impact of the pandemic across wealth management.

“We’re going to see more restructuring of deal terms,” says investment banker Steve Levitt.