Finra's department of enforcement has investigated Cambridge's due diligence of the sale of the defunct LJM Preservation and Growth Fund.
The Fox Alliance, a 15-person team that includes six advisers, is based in Austin, Texas.
Royal Alliance Associates Inc., SagePoint Financial Inc., and FSC Securities Corp., increased legal reserves by as much as three times the amount of the prior year.
Vedder Group, a four-person team in Tallahassee, Florida, is using the services of Integrated Partners, with Fidelity as its custodian.
Doche Financial Consulting Group is based in Scottsdale, Arizona
The largest independent broker-dealer reported forgivable loans to recruits of $419.2 million at the end of last year. Forgivable loans are one of the most common ways broker-dealers use to attract recruits.
Cetera is offering a standard range of transition money to Voya's 900 advisers while LPL is flexing its muscle, according to several market sources.
Richard Pakes starts CVG Wealth Management in Santa Barbara, California
A group with seven advisers in West Virginia and a solo adviser in Ohio switch affiliations.
Foran Financial Group of Somerville, New Jersey, is rejoining the independent broker-dealer after spending six years at Raymond James.
Client appreciation dinners are all well and good, but private suites at Madison Square Garden are clearly beyond the pale.
'Your Greatness Is Our Goal' is the independent broker-dealer's new theme, referring to the value it brings to its advisers.
The WillowPointe Group, a two-adviser, five-person team, joins in Cookeville, Tennessee.
For independent advisory firms and advisers, the Biden administration’s approach to regulation will be among the most consequential outcomes of the November elections.
Its new effort, called M&A Solutions, includes ‘strategic support’ and online tools to help advisers considering a transaction.
Mission Financial Group in Hawaii will retain its B-D affiliations through First Allied.
A year of remote work appeared to accelerate the trend of advisers going independent for more control over their business, and in many cases, opportunities for higher take-home pay. Independent broker-dealers also saw a year of positive gains, though on net the channel was down from 2019.
Details of the bonus plan have yet to be revealed. But Adam Antoniades, CEO of Cetera, said such a plan would be forthcoming in an effort to retain as many advisers as possible.
Private equity-backed networks like Cetera Financial Group have been eager to expand. The latest deal will add 900 Voya advisers with $40 billion in client assets onto the independent broker-dealer's platform.
A change in test governing whether workers are classified as employees or independent contractors could upend the business models of FSI members.
