Despite the market rout and economic uncertainty that hit just after the closing of the acquisition of Ladenburg Thalmann, Advisor Group CEO Jamie Price has put together a new executive team and promises more investment in the company, not less.
Horizons Financial Group will be joining from Triad Advisors and specializes in values-based financial planning services.
Current market conditions are expected to hit some broker/dealers hard, according to Moody’s, with the ratings agency lowering its outlook on Advisor Group, Cetera and LPL. Raymond James remains stable.
Lyle Weintraub leaves Northwestern Mutual in the middle of the COVID-19 pandemic to join LPL's largest OSJ.
Reston, Va.-based Global Advisor Group left Raymond James' independent contractor unit to affiliate with LPL's largest enterprise.
Private equity firm Thomas H. Lee Partners is looking to sell Hightower, according to published reports.
The rumors of the pending demise of RIA valuations—even in the event of a near-term economic recession—are greatly exaggerated.
Ladenburg said its broker/dealers would not be consolidated away, 'reflecting both companies' commitment to a multi-brand network model.'
The deal is expected to close in the next few days, much faster than anticipated.
Ameritas Investment Management, Benjamin F. Edwards and Great Valley Advisor Group have joined Orion's platform.