The ascendancy of fee-based compensation in the independent broker/dealer space continues. Nearly 48 percent of advisors’ compensation comes from asset-based fees, up from 36 percent in 2011. Commissions accounted for another 48 percent of adviso...
Many b/ds offer their reps special perks and incentives beyond payout. Eighty percent of advisors said their b/d offers top-producer reward trips, compared to about 73 percent in last year’s Independent Broker/Dealer Report Card. About 73 percent...
With the president throwing his support behind a proposed fiduciary standard for retirement accounts, the debate over the rule is intensifying. Fifty-three percent of advisors who responded to our survey are already serving in a fiduciary capacit...
Joseph Ruzycki, the founder and CEO of the Center for Wealth Planning, is converting the extra large office of supervisory jurisdiction, or super-OSJ, into an independent registered investment advisor firm that custodies with LPL Financial. As of...
Birmingham, Ala.-based advisors Terry Bethea and Larry Angst have decided to return to Securities America after about four years with LPL Financial. The team, which manages $100 million in client assets, left the firm for LPL in August 2011...
Santa Clara, Calif.-based independent broker/dealer Foothill Securities has scooped up a team with over $1 billion in assets from Financial Telesis. California Financial Advisors in San Ramon, Calif. is run by principals Michael Maloon, Thomas...
LPL Financial recently awarded senior management over 35,000 shares of common stock, according to notices filed with the Securities Exchange Commission Tuesday night...
Despite FINRA backing off a bid to become the regulator for registered investment advisors, some still fear the authority's scrutiny if the Securities and Exchange Commission moves forward with third-party examinations...
LPL Financial has added Zions Bancorporation to its Institution Services platform, encompassing 50 advisors focused primarily on serving high-net-worth investors. LPL provides brokerage, wealth management and trust services to more than 740 banks...