Advisor Group
Steward Signs $6 Million Indie Team, Largest Since Its Founding
Steward, which has recruited primarily from wirehouses, lures independent brokers from Advisor Group to its new “affiliate channel” with an alternate payout plan.
LPL Financial Lures Securities America Firm Said to Oversee $3 Billion
Nebraska-based OSJ said it moved in part over concerns about its former firm’s recent purchase by private equity-controlled Advisor Group.
Cetera Cuts Recruiting, Operations Execs Amid Pandemic
Cetera Financial Group, the 8,000-advisor independent broker whose credit outlook was downgraded recently, has cut several senior managers in recent weeks amid a broad “organizational realignment.”
LPL Hires Oregon Pair with Combined $330 Million AUM from Advisor Group
Advisors will continue to operate autonomous practices in the near term, but say succession planning support from LPL was key to their affiliation change.
Independent Firm to Pay $400,000 for Failing to Catch Brokers Who Stole Millions
Finra fines and censures Royal Alliance, an Advisor Group firm, for supervisory flaws involving two now-imprisoned brokers.
Advisor Group Primes Ladenburg Brokers with Post-Merger Partnership Offer
The parent of Advisor Group is offering qualifying brokers at Ladenburg Thalmann the chance to become limited partners in a new parent company, with minimum investments of $75,000.
Former Ladenburg Chair Frost Sues to Halt Advisor Group Merger
Phillip Frost seeks to rescind December 2018 deal in which he sold 51 million shares to Ladenburg at $2.50 a share and enjoin its $3.50-per-share merger deal with Advisor Group.
Shareholders File to Block Advisor Group’s Ladenburg Takeover
Two separate suits alleging inadequate proxy information on valuation decisions and company financials have been filed.
Securities America Recruits Car-Racing Indie Vet for New Ohio Firm
David Pintaric, a Daytona Speedway habitue, hopes to recruit brokers to his new business on the eve of Ladenburg Thalmann’s takeover by Advisor Group.
Ladenburg Contractually Limits FA Retention Bonuses Ahead of Sale
Merger document with Advisor Group restricts aggregate payments to Ladenburg’s 4,400 brokers and prospects to $5 million in aggregate and $500,000 individually.
Advisor Group to Acquire Ladenburg in $1.3 Billion Deal
New company will preserve the nine brokerage brands and multi-clearing model for Ladenburg and Advisor Group’s almost 11,500 independent brokers.
