Independent broker/dealer Triad Advisors is launching a new corporate registered investment advisory entity that will give commission- and fee-based advisors the ability to use multiple custodians, including Schwab, Fidelity and National Financial...

Acquisitions of Girard, VSR Financial bring RCAP’s independent advice empire to over 9,700 advisors and about $200 billion in assets across 11 b/ds

Almost 100,000 brokers – or about one-third of the industry – are expected to reach retirement age over the next ten years

After months of uncertainty over how RCS Capital Corp. would structure its recently acquired independent broker/dealers, the firm said today its b/ds will operate under Cetera Financial Group, and many middle- and back-office functions will be...

LPL is now the fourth largest broker/dealer in the U.S., with over $500 billion in advisory brokerage assets, president Robert Moore told attendees of the LPL Focus conference on Monday. In what roughly resembled a short pep talk, Moore assured...

LPL CIO Fetter: Fax machines, Rolodexes belong in a museum, not an office

Ladenburg Thalmann (NYSE MKT: LTS) said it would acquire KMS Financial Services, a Seattle-based independent broker/dealer with about 325 advisors and $14 billion in assets, for $24 million in cash and stock. After the purchase, Ladenburg will...

On the heels of the firm’s latest acquisition of independent broker/dealer VSR Financial, RCS Capital Corp. (RCAP) reported adjusted net income of $42.6 million, or 49 cents a share, for the second quarter, up 12 percent from the same period...

Nicholas Schorsch has done it again. The executive chairman of RCS Capital Corp. (RCAP) has acquired independent broker/dealer VSR Financial Services, adding $12.3 billion in assets under administration and 264 advisors to RCAP’s independent...

The Financial Services Institute elected Cetera Financial Group President Adam Antoniades to serve as vice chair on its board of directors, replacing outgoing Valerie Brown following her departure from Cetera...