OSJs

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.