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.
The new head of one of the largest independent broker-dealers served as head of wealth management at UBS's Advisor Group Americas.
Government says he took in $1.4 million, diverting some of it to investors and using much of the money on himself.
One analyst says company likely not for sale at this time after all.
Replacing Mark Casady as chief executive, Mr. Arnold is slated to receive $5.4 million in total compensation next year, almost three times the $1.85 million he earned in 2015.
There could be a real opportunity for the first time in years for private equity players targeting advisory firms.
Mr. James has long been involved in leadership roles at the broker-dealer his father founded in 1962.
