Firm says the favorable economics of this offering contribute to a better advisor experience.
An Osaic executive provides some suggestions on how best to handle large-scale changes in your business.
Titan Securities is already among the departed. It's not footing the bill for its own funeral.
Wall Street payouts look grim for many but wealth firms should fare better, according to compensation consultants.
The team at Melville, New York-based Zambri Financial will move into the first Linsco office on Long Island.
Multiyear clearing arrangement described as a win for both firms and clients.
"We don’t agree with the decision but, with Finra arbitration, there is no appeal," says William H. McCance, president of Ages Financial Services.
The improvement demonstrates that the giant broker-dealer network, which many believe will seek to go public in the next few years, is moving its cash flow in the right direction.
The settlement with Baird stems from Finra's 2020 targeted examination regarding rights of reinstatement.
Georgia-based GER Loftin Wealth Advisors oversees $225 million in client assets.
Rita Robbins, the 2023 recipient of the Alexandra Armstrong Award for Lifetime Achievement, founded Affiliated Advisors 30 years ago, a ground-breaking move in a career that has created new opportunities for women.
$2.1B firm is part of Northwestern Mutual's Private Client Group.
'It’s a devastating award, or lack thereof, for the claimants and a massive victory for Raymond James,' says an attorney not involved in the case.
"Perry is a very talented, sharp person, who's been bumped up from recruiter to head of a region to leading a division," says one industry executive.
'Interest rates are coming back, so where you put clients' money in cash is an issue again,' one attorney notes.
Bellevue, Washington-based iCap focused on developing apartment buildings and stand-alone real estate.
The failure to make adequate disclosures is a violation of federal securities laws, according to the complaint.
LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.
Client assets are up 15%, while cash sweep and certificate balances are down $5.8 billion from the year-ago period.
'Our advisor recruiting has picked up significantly over the last two months, with record numbers of large teams in our pipeline,' CEO Paul Reilly says.
