Advisor Channels

The firm has added Plaza Advisory Group, an advisor team with $1.2 billion in client assets, the first to join its new independent contractor model.

Former UBS advisor Matt Kilgroe, who advises sports and entertainment professionals, has left the brokerage to launch his own firm, Cyndeo Wealth Partners.

The partnership with Bain Wealth Management, a $100 million RIA in Salem, Ore., provides a good example of Carson Group’s strategy.

The individual will be responsible for relationship building and P&L for LPL’s new W-2 affiliation model, seeded by the acquisition of Allen & Co.

Karstens Investment Counsel, an RIA in Omaha, Neb., with $200 million in assets, will join Frontier Wealth Management.

2019 was a great year for advisors at independent brokerages, but that may belie what's ahead for the channel if the economy continues to tumble.

Even as the number of advisors jumping channels has slowed during the pandemic, it has not stopped independent channels from continuing to attract the most net new advisors, according to new data.