IBDs http://wealthmanagement.com/taxonomy/term/39421/more en Raymond James Profit Jumps on Higher Asset Management Revenue http://wealthmanagement.com/ibds/raymond-james-profit-jumps-higher-asset-management-revenue <div class="field-byline"> Reuters </div> <div class="field-deck"> Net income rose to $122.69 million, or 85 cents per share, for the third quarter ended June 30 </div> <div class="node-body article-body">Brokerage and investment bank Raymond James Financial Inc's quarterly profit jumped 46 percent, driven by growth in its asset management business. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/ibds/raymond-james-profit-jumps-higher-asset-management-revenue" target="_blank">read more</a></p> http://wealthmanagement.com/ibds/raymond-james-profit-jumps-higher-asset-management-revenue#comments IBDs Raymond James Wed, 23 Jul 2014 20:29:00 +0000 611541 at http://wealthmanagement.com REFILE-ON THE MOVE-HighTower says hires Hollenbeck, a top Wells Fargo recruiter http://wealthmanagement.com/ibds/refile-move-hightower-says-hires-hollenbeck-top-wells-fargo-recruiter <div class="field-byline"> Reuters </div> <div class="node-body article-body"><p>(In last sentence, clarifies Sallet's role at Dynasty)</p> <p>NEW YORK, July 22 (Reuters) - HighTower Advisors, the Chicago-based broker-dealer, said on Tuesday it hired Kimberly Hollenbeck, who has been heading recruiting and branch development at Wells Fargo &amp; Co's independent adviser division.</p> <p>Hollenbeck will join HighTower on Aug. 11, a Hightower spokeswoman said.</p> <p>A Wells Fargo spokeswoman said the brokerage could not immediately comment on the report and messages to Hollenbeck were not returned.</p></div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/ibds/refile-move-hightower-says-hires-hollenbeck-top-wells-fargo-recruiter" target="_blank">read more</a></p> http://wealthmanagement.com/ibds/refile-move-hightower-says-hires-hollenbeck-top-wells-fargo-recruiter#comments IBDs People Wed, 23 Jul 2014 17:58:26 +0000 610411 at http://wealthmanagement.com Another Insurer Exits the B/D Business http://wealthmanagement.com/ibds/another-insurer-exits-bd-business <div class="field-deck"> Kansas City Life is selling Sunset Financial Services to Securities America </div> <div class="node-body article-body">Kansas City Life is selling Sunset Financial Services, a 268-rep broker/dealer, to Securities America for an undisclosed amount. </div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> LTS KCLI </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/ibds/another-insurer-exits-bd-business" target="_blank">read more</a></p> http://wealthmanagement.com/ibds/another-insurer-exits-bd-business#comments IBDs Insurance Mon, 21 Jul 2014 13:44:00 +0000 609341 at http://wealthmanagement.com Ingram Publishing/Thinkstock LPL Lands Newly Launched Firm of Former Merrill Lynch Brokers http://wealthmanagement.com/people/lpl-lands-newly-launched-firm-former-merrill-lynch-brokers <div class="field-byline"> Reuters </div> <div class="node-body article-body">LPL Financial, the largest U.S. independent broker-dealer by revenue, said on Thursday it added to its network the Chicago-based independent adviser group IHT Wealth Management, which was recently launched by a group of brokers from Merrill Lynch.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/lpl-lands-newly-launched-firm-former-merrill-lynch-brokers" target="_blank">read more</a></p> http://wealthmanagement.com/people/lpl-lands-newly-launched-firm-former-merrill-lynch-brokers#comments IBDs People Fri, 18 Jul 2014 19:39:00 +0000 607931 at http://wealthmanagement.com How Independent Advisors Can Remodel Cash Flow to Build Businesses of Enduring Value http://wealthmanagement.com/business-planning/how-independent-advisors-can-remodel-cash-flow-build-businesses-enduring-value <div class="field-byline"> David Grau Sr. </div> <div class="field-deck"> Go from the 'eat what you kill' mentality to building a business that generates lifelong income </div> <div class="node-body article-body">Where past generations of independent advisors may have been content to treat their practices primarily as income-generating vehicles, more and more advisors today are waking up to the reality that they want much more than that. Here's how to build an enduring business with lifelong income.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/business-planning/how-independent-advisors-can-remodel-cash-flow-build-businesses-enduring-value" target="_blank">read more</a></p> http://wealthmanagement.com/business-planning/how-independent-advisors-can-remodel-cash-flow-build-businesses-enduring-value#comments Careers Business Planning IBDs Retirement Planning Wed, 09 Jul 2014 14:03:00 +0000 600421 at http://wealthmanagement.com LPL Expands Presence in Retirement Plan Space http://wealthmanagement.com/ibds/lpl-expands-presence-retirement-plan-space <div class="node-body article-body">In a recruiting deal, advisors from retirement plan-focused Financial Telesis will join LPL as a hybrid OSJ under the leadership of Bill Chetney, who’s stepping down as head of LPL’s retirement plan business. </div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> LPLA </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/ibds/lpl-expands-presence-retirement-plan-space" target="_blank">read more</a></p> http://wealthmanagement.com/ibds/lpl-expands-presence-retirement-plan-space#comments IBDs LPL Financial Mon, 07 Jul 2014 18:55:00 +0000 599221 at http://wealthmanagement.com First Allied Sees Fruit of RCAP’s Investments http://wealthmanagement.com/ibds/first-allied-sees-fruit-rcap-s-investments <div class="field-deck"> CEO Antoniades: Acquisition has 'liberating effect' on broker/dealers </div> <div class="node-body article-body">Fueled by investment from its new parent company RCAP, First Allied has announced new platforms focused on succession planning, business consulting and 401(k). </div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> RCAP </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/ibds/first-allied-sees-fruit-rcap-s-investments" target="_blank">read more</a></p> http://wealthmanagement.com/ibds/first-allied-sees-fruit-rcap-s-investments#comments IBDs People Thu, 19 Jun 2014 12:05:00 +0000 585571 at http://wealthmanagement.com <p><span>First Allied CEO Adam Antoniades</span></p> <p><span>First Allied CEO Adam Antoniades</span></p> LPL Ousts Marketing Chief, Promotes Two Execs http://wealthmanagement.com/lpl-financial/lpl-ousts-marketing-chief-promotes-two-execs <div class="node-body article-body">LPL Financial said it was restructuring its senior management ranks and parting ways with chief marketing officer Joan Khoury, while promoting two executives to new roles in its Advisor & Institutions Solutions Group.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/lpl-financial/lpl-ousts-marketing-chief-promotes-two-execs" target="_blank">read more</a></p> http://wealthmanagement.com/lpl-financial/lpl-ousts-marketing-chief-promotes-two-execs#comments IBDs Industry LPL Financial People Thu, 05 Jun 2014 22:47:00 +0000 577731 at http://wealthmanagement.com Are IBDs Turning a Corner? http://wealthmanagement.com/ibds/are-ibds-turning-corner <div class="field-deck"> New report suggests the b/d business may be bottoming out and firm registrations are moving into positive territory </div> <div class="node-body article-body">High barriers to entry keep the ranks of smaller independent broker/dealers thin and have put several existing shops out of business. But a new report suggests the b/d business may be bottoming out and firm registrations are moving into positive territory. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/ibds/are-ibds-turning-corner" target="_blank">read more</a></p> http://wealthmanagement.com/ibds/are-ibds-turning-corner#comments Careers IBDs Tue, 03 Jun 2014 13:31:00 +0000 573051 at http://wealthmanagement.com Advisors on Teams Make More Money http://wealthmanagement.com/2014-compensation-survey/advisors-teams-make-more-money <div class="node-body article-body">Want to make more money? Try teaming up. Advisors working in a team structure controlled more client assets and netted almost twice the gross production of solo advisors. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/2014-compensation-survey/advisors-teams-make-more-money" target="_blank">read more</a></p> http://wealthmanagement.com/2014-compensation-survey/advisors-teams-make-more-money#comments 2014 Compensation Survey Business Planning IBDs RIAs Practice Management Research Public Mon, 02 Jun 2014 13:20:00 +0000 572331 at http://wealthmanagement.com <p>Photo by Giuseppe Cacace/Getty Images</p> Copyright Giuseppe Cacace, Getty Images