Firm's 7,100 advisers to gain digital investment advice platform and advanced analytics about clients
The firm is an employee-owned, independent partnership associated with Raymond James, and has found success with its collegial 'no-jerk policy' for those who'd like to join.
Differentiating themselves from brokers would be easier now that debate has raised investor awareness of the role of a fiduciary
Move is among a series of changes the firm is making as it gets ready for deadline on implementing DOL fiduciary rule.
From incubator relationship to back-office service provider.
First-quarter volume was up 11%, in part because of president-elect's frequent social media activity
Multiple forces are driving industry consolidation.
The sale of the assets includes 350 advisers and operates under the broker-dealer holding company Legend Group Holdings.
Predicts next market downturn will usher in new era of big broker-dealer mergers
Starting out in compliance, she was at the firm for 13 years, most recently as head of transitions.
Veteran adviser manages $170 million in client assets.
CEO Robert Moore proves he's not afraid to go toe-to-toe with LPL to recruit top advisers.
Two large independent broker-dealers are latest to retain commission structure. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule"" target=""_blank"" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>
Investors Capital is in the process of closing down and moving its advisers to another Cetera firm.
The regulator cited a broad breakdown with the firm's failures to supervise client and adviser information.
Mr. Casady will continue to work with Vestigo Ventures, a venture capital firm based in Cambridge, Mass.
Amy Webber will become the firm's new chief executive, while Mr. Schwartz takes on the role of executive chairman.
The team had $288 million in client assets and generated $1.7 million in fees and commissions annually.
