The Genstar Capital-backed company also achieved record revenue in the fourth quarter, CEO Robert Moore said.

In the wake of Ohio National's move to retreat from the annuities business, cutting trailing compensation to brokers, LPL Financial has signed contracts with 15 other VA providers to ensure commissions and contracts are protected going forward.

The Iowa-based wealth management office left Wells Fargo, exchanging equity for Carson capital.

The private equity firm will pay a $400,000 fine to the SEC.

Chris Noone is the latest to take legal action after the insurance company cut trail commissions on annuity contracts.

Edmond Walters said he plans to help the firm employ technology more effectively.

He’s giving other advisors in his network the option to do the same, setting up a limited purpose broker/dealer to acquire their legacy, commission-based products.

Aiming for improved advisor and client experiences, LPL goes above and beyond its $120 million technology budget to purchase technology firm AdvisoryWorld.

The firm is the latest to take legal action against the insurer for cutting commissions on annuities with guarantees.

My Advice Architect’s Advisor II program allows advisors to charge as little as $6.95 per transaction.