OSJs

The No. 1 IBD will roll out the new option for advisors as it competes with other firms in its sector, platform providers and consolidators.

At her new OSJ, Laura LaTourette is teaming up with fellow influential planner Marci Bair to help educate allies and create more avenues for reps to meet.

Bleakley Financial has recruited advisors with $750 million in client assets since January 2018 alongside LPL’s substantial recent grabs.

After affiliating with Advisor Group following its acquisition, Signature Estate & Investment Advisors aims to offer its TAMP across the network.

Integrated Partners added a father-son team, surpassing its recruited client assets from the previous year.

Wealth Enhancement Group has also grown organically by more than $1 billion each of the past two years.

Independent Advisor Alliance also started a robo advisor under Betterment for Advisors after adding more than $2 billion in assets over the past 12 months.

Summit Brokerage Services will fold 450 advisors into one of the 41 OSJ regions under Cetera Advisor Networks this summer.

The group added teams from Wells Fargo FiNet and JPMorgan Chase by expanding with an eye toward meeting a need in the marketplace.

The insurance-affiliated firm aims for growth while some counterparts have exited the sector.

Evolution Financial Advisors has grown to 86 advisors with $2.6 billion in client assets under Securities America.

Independent Financial Partners aspires to be a “very, very small agent for change.”

The major employer-plan group had previously been affiliated with the predecessor of Global Retirement Partners.

A CFP and former NDSU Bison aims to build a planning-based business from the ground up under the IBD’s model.

Bleakley Financial has launched its eighth office under its affiliation with LPL and Private Advisor Group.

Smaller firms are opting to turn into OSJs in an era of shrinking margins for IBDs and record consolidation in wealth management.

Private Advisor Group unveiled a new team with $175 million in client assets, while Integrated Financial Partners says it grew by $900 million in 2018.

The retirement plan-focused group’s new OSJ had left the No. 1 IBD in 2017 and will grow to 160 advisors under the move.

Private Advisor Group is “cautiously optimistic” it could recruit a dozen teams with about $500 million in AUM each this year, an executive says.

Investigators say the onetime FiNet branch manager preyed on “particularly vulnerable” clients, including several with dementia.