Third party marketers

The private equity-backed parent now spans four independent broker-dealers with nearly 2,000 advisors and $65 billion in client assets.

In the first full year under Atria Wealth, the firm added programs from banks and credit unions with $7 billion in assets.

The broker-dealer failed to supervise Infinex registered reps selling annuities and other products to seniors and other investors at local banks.

Community Bank & Trust of Florida switched its program after a 16-year relationship with Invest Financial.

The advisor was accused in a lawsuit in January of swindling a Georgia couple out of $330,000 in retirement savings.

The New Jersey bank moved its investment services program after an 11-year relationship with Cetera.

The broker-dealer refuted allegations that it used false advertising to mislead customers into thinking that the investment services it provided through a Utah-based credit union were part of the credit union.

The securities watchdog reprimanded the broker-dealers for allegedly not distinguishing their services from those of the credit unions they did business with.

The advisor convinced the couple to transfer their retirement savings, but they claim the money never made it to their accounts. Their attorneys say there are other victims.

Tulsa Federal Credit Union’s sole advisor, who joined from Merrill Lynch, is already months ahead of schedule.

The Chicago-based community bank is the second bank this year to move its business from Invest Financial.

First Federal Savings Bank of Champaign-Urbana moved its investment services business to LaSalle St. Securities in a bid to deepen relationships with the back-office staff supporting the business.

L&N Federal Credit Union was looking for a boutique-style firm following Invest's acquisition by LPL.

The Short Hills, New Jersey-based bank will look to Cetera to accelerate the program's growth.

The bank chose to integrate its program after its acquisition of 18 New York-based branches of First Niagara Bank last year.

Lagging rival broker dealers, the firm recruited the president of RIA firm Priority Financial Group to lead the financial institutions division.

Central Valley Community Bank of Fresno, California, will look to Raymond James to help it expand its client investment offerings.

California Credit Union and North Island Federal Credit Union consolidated their investment programs in anticipation of their merger in March.

The bank, which has a focus on millennial investors, cited Cetera’s technology tools as a particular attraction.

The new platform offers the convenience of a brokerage account without incurring any of the fees that go with it, the companies say.