The new rewards program is being rolled out to in-house clients with a minimum of $250,000, not the firm's RIA custody business.

Concurrent acquired Eddy Augsten’s WealthEngage to lead its advisor force in investment and practice management.

ETF provider WisdomTree is selling its stake in the technology provider for advisors, which will now operate as a subsidiary of Franklin Templeton but keep its branding, offerings and pricing intact.

We can’t let this virus hinder us from further elevating the profession and advocating on federal and state policies that could influence the trajectory of the field, says Martin Seay, FPA president.

Even as the number of advisors jumping channels has slowed during the pandemic, it has not stopped independent channels from continuing to attract the most net new advisors, according to new data.

The deal adds about 20 advisors and $1.5 billion in client assets to the independent b/d’s platform.  

Recruiting has slowed down at the IBD, due to social distancing and remote working. But the firm has stepped up its virtual capabilities to continue attracting new advisors.

Current market conditions are expected to hit some broker/dealers hard, according to Moody’s, with the ratings agency lowering its outlook on Advisor Group, Cetera and LPL. Raymond James remains stable.

A Goldman Sachs equity analyst says LPL’s pure-play brokerage model will fare better in the market volatility than Raymond James’, which relies on investment banking and capital markets.

The advisory firm puts 'on hold' face-to-face advisor recruiting meetings, sees net assets fall as cash sweeps surge amid coronavirus pandemic.