Indie HD Vest Bought by Blucora, Maker of TaxACT, for $580M
The online tax prep firm, formerly known as InfoSpace, hopes to boost business by aligning with the accountant-heavy independent BD, which has about 4,500 reps.
25% of Wirehouse Advisors Expected to Go Indie by 2019: Cerulli
A majority of wirehouse advisors' retention contracts will expire by 2019 — but where will they go?
Groundhog Day: Do You Really Want to Justify Your Fees Again and Again?
History teaches us about advisors charging an AUM fee. Feel like re-closing all your clients every year?
Going Independent: Several Choices, Several Solutions
Here's how to navigate the numerous options available for a dramatic career shift.
Keeping Track of Client Accounts Efficiently
With a little coding help, when I download client account data from my custodian, all my client accounts now update automatically.
Wells Fargo Indie Group Adds 2 Ex-Morgan Stanley Advisors
The team, which has about $190 million in assets, was with LPL Financial before working for the wirehouse.
RIAs Are Least Dependent on Value-Add Support: Survey
The fastest growing segment of the financial advisor market is also the segment least dependent on outside support from asset managers, insurance companies and BDs.
Advisors Messing Up on Making Millennials Their Clients, Advisors Say
Fifty-six percent of advisors in Hartford Funds’ Advisor Anxiety Survey said they did less to attract millennials than they did to attract other groups.
Finding Your Niche: It’s Not Just for Californians Anymore
Many of the most successful advisory firms I know were built around what the advisors liked to do and the kind of clients they wanted.
Ex-Morgan Broker Loses Fight With FINRA Over ‘Forgivable’ Notes
Breakaway broker Nick Ragone, who claims “FINRA colludes with firms,” is livid over a ruling on $400,000 in bonus promissory notes.