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Executives provided advisors an update. The company has separately said it cut more than 200 retail branches at the end of last month.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

CEO Jamie Price says the change will reduce potential conflicts of interest related to transaction fees and come with lower prices in wrap accounts.

The No. 1 IBD is keeping up the recruiting momentum that’s sustaining record headcounts and billion-dollar moves.

If approved for an IPO, the blank check company will face stiff competition among the growing ranks of RIA acquirers.

The move represents the third largest out of the IBD channel in 2020, according to company recruiting announcements tracked by Financial Planning.

New ownership of the popular platform could open the door for new tech leadership, but don’t count Schwab out yet.

Genstar Capital Managing Partner Tony Salewski spoke openly with advisors about the firm’s investment strategy for the IBD network.

The regulator would generate an additional $225 million per year from the fee increases.

The No. 1 IBD’s 2,500-advisor bank channel will add 285 more reps when two massive investment programs affiliate next year.

The custodian had been a key player in the growth of the independent channel.

The switch comes as the wirehouse revamps its technology platform with help from Broadridge Financial.

The company is turning to what it sees as a talent pool with proven success rates.

This year’s list of the 150 largest firms represents an industry that will emerge from a post-COVID world deeply altered.

Expenses fell by 20 basis points and risk-adjusted returns climbed 92 bps, according to the study.

Sales are tumbling and gravitating to different products as Wells Fargo settles a FINRA case and researchers examine the defunct fiduciary rule.

The custodian has restructured the way it services RIAs and plans to scale.

Lower transaction costs can often come with higher expense ratios at the nation’s largest IBD.

One of the largest professional designation and training schools launched a program to award free tuition to at least 25 students in the next year.

With higher compensation offers and a track record of independence, the No. 1 IBD is “challenging the status quo,” its head recruiter says.