Broker Dealers

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Trio managing $1.05 billion joins UBS from Alex. Brown
NEWS BROKER DEALERS AUG 04, 2020
Trio managing $1.05 billion joins UBS from Alex. Brown

David Rosenthal, Stephen Collins and Daniel Rupp are based in Westport, Connecticut

By InvestmentNews
LPL keeps adding advisers during the pandemic
NEWS BROKER DEALERS JUL 31, 2020
LPL keeps adding advisers during the pandemic

But the firm reports a slowdown in the pace of bringing new advisers aboard

By Bruce Kelly
Number of B-Ds, reps registered with Finra falls again
NEWS BROKER DEALERS JUL 31, 2020
Number of B-Ds, reps registered with Finra falls again

Firms registered with the broker-dealer industry regulator saw their revenues and profits rise last year

By InvestmentNews
Adviser managing $279 million at Wells Fargo joins Baird
NEWS BROKER DEALERS JUL 29, 2020
Adviser managing $279 million at Wells Fargo joins Baird

Philip Stathos becomes part of wealth management team in Portland, Maine

By InvestmentNews
Purshe Kaplan Sterling in another million-dollar arbitration settlement
NEWS BROKER DEALERS JUL 28, 2020
Purshe Kaplan Sterling in another million-dollar arbitration settlement

Payment linked to adviser who committed suicide in 2017

By Bruce Kelly
Adviser managing $180 million at Wells Fargo moves to LPL
NEWS BROKER DEALERS JUL 27, 2020
Adviser managing $180 million at Wells Fargo moves to LPL

Keith Boyd is affiliating through Gladstone, an LPL office of supervisory jurisdiction in Flemington, New Jersey

By InvestmentNews
Female trio managing $280 million at UBS moves to Alex. Brown
NEWS BROKER DEALERS JUL 24, 2020
Female trio managing $280 million at UBS moves to Alex. Brown

The veteran advisers, natives of Venezuela, are based in Miami

By InvestmentNews
Hybrid managing $160 million switches to LPL from Advisor Group
NEWS BROKER DEALERS JUL 23, 2020
Hybrid managing $160 million switches to LPL from Advisor Group

Cornerstone Financial Planning in Florida is led by a brother-sister team

By InvestmentNews
Securities America warns of service slowdown as consolidation begins
NEWS BROKER DEALERS JUL 22, 2020
Securities America warns of service slowdown as consolidation begins

Advisers are experiencing "longer than usual wait times," according to a memo

By Bruce Kelly
GPB Capital reports nearly $200 million drop in AUM
NEWS ALTERNATIVES JUL 21, 2020
GPB Capital reports nearly $200 million drop in AUM

The alternative asset manager parts ways with an auditor and its valuation company

By Bruce Kelly
Ex-Next Financial rep charged by Galvin with overselling REITs
NEWS ALTERNATIVES JUL 20, 2020
Ex-Next Financial rep charged by Galvin with overselling REITs

The Secretary of the Commonwealth of Massachusetts takes another swipe at sales of high-priced products

By Bruce Kelly
Hybrid managing $150 million at First Allied moves to LPL
NEWS BROKER DEALERS JUL 20, 2020
Hybrid managing $150 million at First Allied moves to LPL

Staples Financial, based in Inver Heights, Minnesota, is led by the son of its founder

By InvestmentNews
LPL makes annual adviser event virtual
NEWS BROKER DEALERS JUL 16, 2020
LPL makes annual adviser event virtual

The firm will hold its Focus conference online in August

By InvestmentNews
Hybrid managing $300 million moves to LPL from Voya
NEWS BROKER DEALERS JUL 15, 2020
Hybrid managing $300 million moves to LPL from Voya

Crossroads Financial Services will use Financial Services Network as an office of supervisory jurisdiction

By InvestmentNews
RBC recruits duo with $245 million
NEWS BROKER DEALERS JUL 13, 2020
RBC recruits duo with $245 million

The Albuquerque, New Mexico-based advisers are joining from Maplewood Investments

By InvestmentNews
The big juicy pork chop
NEWS BROKER DEALERS JUL 12, 2020
The big juicy pork chop

In the latest episode of the InvestmentNews Podcast, Jeff Benjamin and Bruce Kelly analyze LPL Financial’s latest effort to stay ahead of the recruiting curve

By InvestmentNews
Social distancing weighs on advice business: Survey
NEWS RIAS JUL 09, 2020
Social distancing weighs on advice business: Survey

Prospecting is now more difficult, and advisers said they are less effective at selling products, a report from Limra and others shows

By Emile Hallez
Indies managing $245 million switch to Arkadios from Triad
NEWS RIAS JUL 08, 2020
Indies managing $245 million switch to Arkadios from Triad

Both Black Stone Partners and Creative Capital Wealth Management are Pennsylvania-based

By InvestmentNews
$1.4 billion Morgan Stanley team moves to Insigneo
NEWS RIAS JUL 07, 2020
$1.4 billion Morgan Stanley team moves to Insigneo

The Miami-based independent platform is the second to poach an adviser team from the wirehouse in the last week

By Nicole Casperson
GPB takes millions in fed loan money while under investigation
NEWS ALTERNATIVES JUL 07, 2020
GPB takes millions in fed loan money while under investigation

GPB Capital and related businesses get between $3 million and $7 million in Paycheck Protection Program loans

By Bruce Kelly