For the last few years, the consolidation of the independent broker/dealer business has accelerated. The top acquirers may sound familiar: LPL Financial, AIG Advisor Group, and Ladenburg Thalmann, to name a few. But there’s a new acquirer in...
Wells Fargo saw strong growth in its brokerage business during 2013, as rising markets and higher asset flows upped revenue and profits at the wealth management unit. The division generated $3.4 billion in revenue for the fourth quarter, up from...
When deciding whether to stay at, or leave, thier firm, money makes the mare go, but management conflicts and technology are also factors that fuel an advisor's decision.
In the 23rd annual Broker Report Card, our annual survey that lets financial advisors from the six major national brokerages rate their employers on a number of factors, advisors were, overall, feeling better about where they work. The average...
WealthManagement.com: This is a new role for you at Advisor Group. What is your strategy?
Erica McGinnis: My main goal is to continue to work closely with our four broker/dealer presidents to continue to retain our advisors and recruit new...
WealthManagement.com: What pressures are IBDs under these days?
Jim Nagengast: The main pressure is the regulatory pressure. If you look at last year, we dealt with two major pieces of regulation—rule 2111 on the suitability guidelines and...
