Independent Advisor Alliance, an OSJ of LPL Financial, has no plans to change broker/dealers, citing LPL’s technology improvements.
The New York-based holding company has acquired independent broker/dealer World Equity Group.
Effective in January, platform fees for advisors serving small retirement plans will be lowered from 20 to 10 basis points.
More advisors are going independent, as the wirehouses deal with more restrictions, increased production requirements and headline risk.
Baird’s acquisition of fellow Louisville brokerage Hilliard Lyons would bring its advisor head count to nearly 1,300.
McDermott Advisory Group is the latest acquisition in Mercer Advisors’ buying binge.
Emigrant Bank’s acquisition of Fiduciary Network could signal a new way for banks to play in the wealth management space, without some of the marital problems.
How nearly a decade of exploration and planning paid off for an advisor looking to build a “real” fiduciary model for his clients.