Indie Advisor

Walnut Street Team Turns Down Cetera Deal to Join Boutique IBD

Fri, 17 May 2013 14:35:00 +0000

A $145 million AUM team from Walnut Street Securities has turned down a retention deal from Cetera to join SCF Securities.

Indie Advisor

New Broker/Dealer Hopes to Bring the Best of brokersXpress

Mon, 13 May 2013 14:42:00 +0000

MoneyBlock hopes to fill the void left by brokersXpress, the independent broker/dealer that was suddenly closed by Schwab last year.

Indie Advisor

On Mutual Fund Assets: This Round Goes to the Indies

Thu, 02 May 2013 21:59:00 +0000

In the fight for mutual fund assets, the indies seem to be winning, with mutual fund assets growing at a faster pace at the independent broker/dealers, regionals and RIAs than at the wirehouses.

Indie Advisor

LPL, Raymond James Report Lackluster Recruiting Quarter

Thu, 25 Apr 2013 14:30:00 +0000

Independent broker/dealer LPL Financial and Raymond James had a lackluster first quarter for recruiting advisors.

Indie Advisor

NFP Sold to… Guess Who? Private Equity

Mon, 15 Apr 2013 14:26:00 +0000

NFP said it will be sold to private equity firm Madison Dearborn Partners, further solidifying the private equity push into the wealth management and IBD space.

Indie Advisor

IBDs Dress Up Offerings to Retain Fee-Based, Tactical Advisors

Mon, 18 Mar 2013 21:32:00 +0000

Some large independent broker/dealers are dressing up their offerings to retain and attract fee-based advisors who manage their clients’ assets on a discretionary basis.

Indie Advisor

Hybrid the Fastest-Growing Channel; IBD the Biggest Loser

Fri, 08 Mar 2013 18:50:00 +0000

The dually registered, or hybrid, channel was the fastest-growing channel by assets in 2011, while the independent broker/dealer channel lost the most assets over that period.

Indie Advisor

Is E*Trade a Threat? Think Again

Wed, 20 Feb 2013 19:05:00 +0000

E*Trade has been blasting financial advisors in commercials for their high fees, but the direct investing platform is not so cheap itself, one financial advisor found.

Indie Advisor

Is TDA Competing for Your Business?

Thu, 31 Jan 2013 20:12:00 +0000

When TDA comes across investors with over $500,000 in assets, they’ll be referred to one of the company’s RIAs. But one advisor says many of his clients are under that threshold: “You’re going after the same client as I am."

Indie Advisor