After months of uncertainty over how RCS Capital Corp. would structure its recently acquired independent broker/dealers, the firm said today its b/ds will operate under Cetera Financial Group, and many middle- and back-office functions will be...
LPL is now the fourth largest broker/dealer in the U.S., with over $500 billion in advisory brokerage assets, president Robert Moore told attendees of the LPL Focus conference on Monday. In what roughly resembled a short pep talk, Moore assured...
Ladenburg Thalmann (NYSE MKT: LTS) said it would acquire KMS Financial Services, a Seattle-based independent broker/dealer with about 325 advisors and $14 billion in assets, for $24 million in cash and stock. After the purchase, Ladenburg will...
On the heels of the firm’s latest acquisition of independent broker/dealer VSR Financial, RCS Capital Corp. (RCAP) reported adjusted net income of $42.6 million, or 49 cents a share, for the second quarter, up 12 percent from the same period...
Nicholas Schorsch has done it again. The executive chairman of RCS Capital Corp. (RCAP) has acquired independent broker/dealer VSR Financial Services, adding $12.3 billion in assets under administration and 264 advisors to RCAP’s independent...
The Financial Services Institute elected Cetera Financial Group President Adam Antoniades to serve as vice chair on its board of directors, replacing outgoing Valerie Brown following her departure from Cetera...
Wells Fargo Advisors brought on the force behind the user experience at AmercianExpress.com to head up the brokerage’s digital strategy.
Devon McConnell, Head of WFA DigitalAs head of Wells Fargo Advisors Digital, Devon McConnell will be respons...
Ladenburg Thalmann Financial Services (NYSE MKT: LTS) has acquired Highland Capital Brokerage, a wholesale life insurance brokerage based in Birmingham, Ala., for $42 million. The company says the acquisition will provide Ladenburg’s 2,800...
