As of March 2023, LPL Financial was the largest independent broker-dealer by gross revenue, with margins of roughly 8.6 billion U.S.
April 4, 2024 • Eric Rasmussen ; There’s a concept in evolution called “punctuated equilibrium,” when long periods of stability and slow change are interrupted by cataclysms such as rising sea levels or mass extinction events that cause new species to branch off. Think of the meteor that brought about the decimation of the dinosaurs. Scientists now say that it also wiped out some competitive mammal groups, allowing our own mammalian forebears to bulk up and diversify, to be unleashed int...
Join Independent Financial Group - your community-focused Independent Broker-Dealer & Registered Investment Advisor. Find your place with us.
April 1, 2022 • Eric Rasmussen ; As Jodi Perry, president of Raymond James’s independent contractor division sees it, the history of the broker-dealer industry is only half-written. In the last decade, the business has seen a wave of consolidation as firms with huge capital resources gobble each other up, leaving smaller firms to try navigating a rocky course of fee compression, regulation and a brutal war for talent—(especially talents with the biggest books of business). According to Cer...
The largest independent broker-dealer platform globally in 2023 was LPL Financial's ClientWorks, with a market share of almost seven percent.
April 1, 2020 • Christopher Robbins ; Being an independent broker-dealer isn’t what it used to be. A series of regulatory, technological and consumer-driven disruptions are challenging independent broker-dealers (IBDs), says Adam Antoniades, CEO of Cetera Financial Group, and smaller firms may become the victims of change. “The environment continues to favor firms of scale,” says Antoniades. To view FA's 2020 broker-dealer ranking, Click here . To view FA's 2020 extended broker-dealer ra...
When looking for someone to manage your money, you may hear about independent broker-dealers. Here's what that means.
There are many types of independent financial planners, including registered investment advisors (RIAs) and broker-dealers. Learn which one is better.
April 1, 2023 • Eric Rasmussen ; As markets swooned and interest rates surged in 2022, at least one industry was likely quietly rejoicing: Broker-dealers, which have been facing combative regulators and fighting trench warfare with the RIA space, got a big reprieve last year. Higher interest rates mean millions of dollars in revenue that go directly to the bottom lines at independent B-D firms, all due to the client money they hold in cash sweep accounts. If you’re a company like LPL or Raym...
an independent broker-dealer company. The four largest and best-known full-service wirehouse... Independent broker-dealers such as Raymond James and Ameriprise have been morphing into...