Pete Dorsey is the latest member of TD Ameritrade’s leadership team to part ways with the company after it was acquired by Charles Schwab.

The unit has $603 billion of assets under management and employs more than 450 investment professionals.

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

A merger would value Apex and Northern Star Investment Corp. II at as much as $5 billion, a personal familiar with the matter said.

With few areas of growth in 2020, insurers are focusing on burgeoning RILAs and finding more distribution channels, experts say.

The company, which has seen headcount increase 45% since closing the deal, has eliminated more than 1,000 positions in recent months.

The private equity-backed firm’s deal could tack on some 900 advisors to its ranks.

As the No. 1 IBD rolls out M&A services to advisors this quarter and reels in record recruits, Dan Arnold says the firm is experimenting.

The practice received a recommendation from a surprising source and wound up picking its suitor after only a three-month search.

The acquisition of another midsize wealth manager will boost the holding company above 2,500 reps with nearly $95 billion in AUA.

The combined company will service $4 trillion in assets and is valued at $1 billion.

Despite the credit-positive reading by one agency, the IBDs are competing against less leveraged rivals.

Sammons is trying to solve the longtime question of how best to combine planning with certain products through technology.

CI Financial has inked 14 deals for RIAs in less than a year — taking the lead in a hot M&A market.

Acquisitions of wealth management, insurance, fintech and other firms are expected to pick up as banks seek new sources of fee income and look to improve digital capabilities.

Among the new hires is Scott Collins, former head of brokerage independence and institutional sales consulting. He is one of many ex-TD Ameritrade alums seeking new employment after Charles Schwab acquisition’s of the firm.

Arete Wealth’s niche focus on alts for HNW and UHNW clients has given it a strong foothold in a fractured sector, experts say.

To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.

The founding partners of the 300-advisor OSJ will remain in their current roles for three years under the same structure as before the deal.