Michael Kitces and Alan Moore's pay-for-service platform, built for RIAs, is picked up by IBD Cetera Financial Group, potentially reaching roughly 8,000 advisors.
Ex-Wells Fargo broker Perry Mattern said the freedom to access better technology was the draw to leave the brokerage and join the bank's new RIA business, and he was willing to leave $50 million behind at the brokerage to get it.
Bill Rudnick was previously a partner at DLA Piper, a law firm that has worked with the wealth manager since its inception.
While the IBD currently provides a way for advisors to drop their brokerage license, the firm is considering a new and improved model for fee-only RIAs.
The quants are looking to snap a two-year losing streak and are 0-4 in Super Bowls involving the Patriots this decade.
The independent financial advice channel has grown considerably over the past decade and "if you believe that is a trend, and not a fad, why would we not be doing this?" an executive said.
Wells Fargo has made 10 big-ticket hires over the past two years to prove it has changed. Previously, it historically promoted from within.