The ratings agencies are concerned that Cetera’s planned acquisition of Avantax could weaken its financial profile.

Recruited away from Morgan Stanley, Los Angeles-based The Francis Group is the latest team to join LPL’s SWS division, the IBD’s premium affiliation model that went live in April 2020.

Dakota Wealth, Mariner, Paragon, Cetera, tru Independence and Osaic all added advisors this week, while Berthel Fisher and Dynasty Financial Partners announced some executive changes.

The SEC should classify smaller firms based on employee headcount instead of assets under management, according to the IAA’s General Counsel.

A new documentary pays homage to an author who brought wit, sympathy and understanding to a field that’s changed how we invest today.

Firmwide new money “has been temporarily impacted by asset attrition from clients originating at Ameritrade,” according to Chief Financial Officer Peter Crawford.

In a flash poll conducted by WealthManagement.com, a number of Avantax advisors—weary of yet another ownership change and leadership turmoil—said the acquisition by Cetera makes them more likely to consider changing firms; a smaller group expects...