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Private Equity-Backed Wealth Enhancement Group to Buy $1.4 Billion RIA

Wealth Enhancement Group, an independent wealth management firm that oversees $13.6 billion in client brokerage and advisory assets, has agreed to purchase RCL Advisors...

Commonwealth Recruits $1 Billion Hybrid from Securian Financial

Commonwealth Financial Network, the nation’s largest private registered investment adviser and independent broker-dealer, has added Legacy Planning Partners to its platform. Formerly affiliated with...

Ladenburg Thalmann Purportedly Up for Sale

Ladenburg Thalmann Financial Services (NYSE: LTS), a publicly traded financial services firm, is reportedly eyeing a potential sale, according to industry reports, citing anonymous...

LPL Financial Recruits Former Woodbury Financial Duo

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Don Petricic and Tom Phillips to its broker-dealer and corporate registered investment...

KMS Financial Recruits Practice with $230 Million in Client Assets

KMS Financial Services Inc., a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has recruited Patrick Funke & Associates, an investment...

Triloma Provides an Update on the Future of the Firm

It was recently reported that Triloma Securities, a broker-dealer based in Winter Park, Florida with 14 wholesalers, planned to shut its doors by the...

House Approves Bill Requiring SEC to Test Retail Investor Disclosures

The U.S. House of Representatives has passed the SEC Disclosure Effectiveness Testing Act (H.R. 1815), a bill that would require the Securities and Exchange...

FINRA Bars Former LPL Broker for Refusing to Participate in Investigation

The Financial Industry Regulatory Authority has barred a former LPL Financial broker for refusing to provide documents and on-the-record testimony to the regulators following...

LPL Financial Recruits Former 1st Global Duo

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Parker Inabnet and Kate Redden of I.M. Wealth Care to its broker-dealer...

SEC Adds Another Cetera Firm to Fraud Complaint

The Securities and Exchange Commission has amended a complaint to add Cetera Advisor Networks LLC, a registered investment adviser and broker-dealer, as a defendant...