The largest independent broker-dealer says it has at least two teams committed to joining its new ‘premium’ channel launched last year.
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 advisor entrepreneur cannot clear a 2002 complaint that a customer withdrew because of a rule technicality, according to an arbitration decision.
Greensboro duo believe their practice-acquisition and succession ambitions will be better met at Cetera’s Summit unit than at the much-larger LPL.
St. Louis-based John Gatewood says he structured a new ownership plan for his $550-million wealth practice and secured better technology by shifting from his lifelong firm.
The largest independent broker-dealer is still working out the compensation, expense-sharing and recruiting structure for the nascent W-2 employee model it seeded with its purchase of Florida’s Allen & Co. in August.
Lousianna broker violated industry and firm rules by not reporting his work for and ownership stake in a nutritional supplements company for four years, according to a letter of settlement.
Biggest independent broker-dealer says recruiting remains vibrant after breakaway of Independent Financial while Opco force edges toward 1,000.