North Dakota-based Alerus Financial is dropping its broker/dealer to join Infinex. Meanwhile, several small bank programs decamp for LPL.

Final bids to buy Kestra are due today, and private equity firm Warburg Pincus looks to be in the lead.

Talks between the private equity owners of Cetera and Advisor Group reportedly broke down last week, as some advisors say Cetera is struggling to meet their expectations.

As Independent Financial Partners gets ready to launch its own b/d, four teams decide to stay with LPL and affiliate with another OSJ, Integrated Financial Partners.

The addition is part of the Ladenburg subsidiary’s plan to recruit and support tax-focused advisors.  

It’s the next step toward the firm’s separation from LPL Financial.

The independent financial advice channel has grown considerably over the past decade and "if you believe that is a trend, and not a fad, why would we not be doing this?" an executive said.

The government reopening is just a temporary reprieve, and advisors looking to go independent may want to consider other options beyond SEC registration, in case another shutdown occurs.

In the wake of Ohio National's move to retreat from the annuities business, cutting trailing compensation to brokers, LPL Financial has signed contracts with 15 other VA providers to ensure commissions and contracts are protected going forward.

Chalice Financial Network promises the perks and privileges that come with being part of a member organization, a la Costco.