Nicholas Schorsch, executive chairman of RCS Capital (RCAP), made his initial foray into the independent broker/dealer space with his purchase of First Allied Securities and The Legend Group, with 1,500 advisors. But since then, Schorsch has been...
RIAs may be the fastest growing channel, but despite the recent billion-dollar breakaway teams going independent, wirehouse advisors are still more productive.
The wirehouses employ a total of 54,189 advisors, but manage $6 trillion in client as...
Independent broker/dealer Triad Advisors is launching a new corporate registered investment advisory entity that will give commission- and fee-based advisors the ability to use multiple custodians, including Schwab, Fidelity and National Financial...
Acquisitions of Girard, VSR Financial bring RCAP’s independent advice empire to over 9,700 advisors and about $200 billion in assets across 11 b/ds
Almost 100,000 brokers – or about one-third of the industry – are expected to reach retirement age over the next ten years
