Staff turnover has an insidiously harmful effect on advisory firms.
Advisors need to guard against emotional decisions by clients, they said.
The deal, which is expected to close in the first quarter, will create a $31.5 billion AUM RIA.
The leading financial network rolled out new offerings of every stripe to keep advisors coming.
Fidelity had $28.2 billion in revenue in 2023, up 12% from $25.2 billion the prior year.
“We just want to see how they work in the markets,” said Rob Pettman, head of LPL's wealth management solutions.
The firm's 2023 report on U.S. advisors also found headcount at wirehouses and independent B-Ds shrank.
Charles Schwab said it will offer trading in bitcoin ETFs across exchanges.
Advisors can transfer majority or minority ownership stakes in their businesses to the new firm.
The new Traverse City, Mich., RIA will be a full-service planning and advisory firm.
The agency is merely repackaging its vacated 2016 fiduciary rule, the Financial Services Institute argued.
Confluence Financial Planning is the 15th location in California for the Overland, Kansas-based firm.
But the average ending balance of $287,769 represents a 5.3% year-over-year increase.
Mark Hills and Uri "Chip" Doolittle V of Manilius, N.Y., were previously with Osaic.
Unions and consumer groups argue rule is needed to weed out costly conflicts.
Oak Tree Financial Group has offices in Connecticut, New York and New Jersey.
Demetrios Paraskevopoulos of Mineola, N.Y. joined LPL to pivot his business towards a more entrepreneurial approach.
The layoffs will come through attrition as well as targeted cuts, the bank said.
Cole Wilson joins Stamford, Texas-based Raymond James Financial Services affiliate Decker Capital Partners.
PRW Wealth Management marks the fifth transaction for Edelman Financial Engines in 13 months.