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.

The No. 1 IBD’s advisory AUM flows show results from the company’s efforts to reward advisors for choosing its custody instead of outside firms.

Independent Advisor Alliance and Private Advisor Group — two of the firm’s largest hybrid RIAs — say they’ve added billions in clients assets from IFP.

The advisors retained from shuttering Broker Dealer Financial Services will add more than 80 advisors now able to tap into the buying firm’s offerings.

The 7,700-advisor IBD network hasn’t been as active in recruiting as its rival lately — but it’s holding on to a portion of the major enterprise.

The No. 1 IBD unveiled positive recruiting numbers for the third quarter, alongside an 84% jump in profits.

While the No. 1 IBD has retained a significant portion of the hybrid RIA’s advisors, its founder says the firm has major outside recruiting opportunities.

The practice is at least the second this year to jump from the Advisor Group firm to its similarly sized rival.

The deal with the family-run independent insurance firm followed record sales in fixed-index annuities.

Stratos Wealth and other OSJs are offering more types of affiliation and equity deals in a bid to stem a competitive threat.

The OSJ spans dozens of advisors, and it marks at least the ninth major exit following a change in policies at the No. 1 IBD.