Diana Britton

Ladenburg said its broker/dealers would not be consolidated away, 'reflecting both companies' commitment to a multi-brand network model.'

The deal is expected to close in the next few days, much faster than anticipated.

Fixed income powered much of the growth in asset flows last year, according to a new Morningstar report.

If the Protecting the Right to Organize Act passes the Senate, tens of thousands of advisors would no longer be classified as independent contractors.

"The path here was not to maximize value or exit," CEO Peter Mallouk said. "If that were the goal, I would have sold a majority stake."

During a call with investors, CEO Walt Bettinger dismissed speculation that the firm is interested only in $1 billion-plus RIAs as 'inaccurate, naïve and inconsistent with everything that we have done for the last 25...

Advisor and OSJ manager Salvatore Dispenziere III will bring over the three advisors in his office as well as three other individual practices he supervises.