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Articles tagged "Ryan Shanks"


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Dan Arnold: We're much better than we were three years ago when we brought our first larger enterprises .

Dan Arnold is using force and finesse to make LPL a deal machine -- giving Atria and its brokers incentives to come aboard and Fidelity and Pershing a reason to play ball

The soon-to-be 24,000-advisor Fort Mill broker-dealer will keep existing custodians (for now), pay big retention bonuses and a generous deal kicker to Atria if it all transfers well

February 24, 2024 at 3:35 AM

Sean Sullivan: A partner must have a deep understanding of the 401(k) industry.

LPL Financial bristles about proposed DOL rule, but roaring recruiting, including of 401(k) advisors, bodes well for 2024, according to top LPL executives

The Fort Mill, S.C., broker-dealer -- and recordkeeper -- is making strong pitch to 401(k) advisors with retirement plan expertise and rollover 'tool kit' of services.

February 3, 2024 at 3:07 AM

James Iannazzo threw away his CFP (for now) and Merrill branding when he threw insults and yogurt drinks but he may yet execute a smooth landing in Westport.

The amazing -- though unsurprising to recruiters -- resurrection of 'smoothie' broker James Iannazzo, who lands at a brokerage 52 days after Merrill Lynch sacked him for his outburst

Iannazzo's name showed up as registered broker with Ageis Capital, suggesting clients tend to forgive or are oblivious in these circumstances, recruiter says.

March 19, 2022 at 2:36 AM

Mindy Diamond: There are instances where firms increase it to 8%. Does that extra incentive make us send them more leads? Absolutely not.

Schwab upends traditional 'basis point fees' for RIA recruitment and pushes the headhunters to negotiate with advisors for a cut of soft-dollars

The custodian to 10,000 RIAs follows a like move by Fidelity to bring RIAs into the loop on how much recruiters are paid and who pays what amount

March 3, 2021 at 3:42 AM

Gary Wilder: We see ourselves over the next five years growing substantially. We have access to significant capital and we will allocate it where we can achieve the best [results].

With fresh eyes or false expectations, Kingswood Holdings sets sights on US advisors by buying the small, forgotten IBDs that hold their assets

The UK-based roll-up pushes a US reset button (to perhaps push alternative products) after iterations of the group back home wrestled with debt, acquisitions, new owners, products, heavy losses, numerous CEOs, and a stop-start reboot

June 14, 2019 at 9:17 PM

Dan Arnold: I think, you also see, with maybe some progress on the regulatory front, more willingness to use brokerage with existing -- existing advisors using brokerage as a potential solution to help clients.

LPL Financial shares zoom to all-time high of $77, after new CEO lets brokers sell like hell, and RIA custody and OSJ contracts achieve new balance

Dan Arnold steers Fort Mill, S.C. IBD giant on walk-and-chew-gum course that allows for juicing annuity sales, rebuilding RIA fee platform and squeezing more profits from less revenue

February 7, 2019 at 12:13 AM

Bill Hamm: What LPL is doing is trying to level the playing field – which makes sense. I think we just decided there are things we wanted to do that are better done on our own.

LPL Financial pulls pricing lever after Bill Hamm moves to yank $12 billion and 500 advisors off the IBD's line

The CEO of Independent Financial Partners will take 12 months move the asset trove to his own broker-dealer giving LPL time to woo reps looking for the door

May 3, 2018 at 10:01 PM

Yvette Butler signaled from the start there was 'work to do.'

Capital One flunks 'RIA' bid with stunning rapidity but gets an A for 'failing fast'

The McClean, Va.-based credit card company bought advisory firms, put a head-hunted Wells Fargo big shot in charge, hit the $10-billion mark -- then got the hell out

April 18, 2018 at 8:56 PM

Bill Morrissey launched a 'disruption campaign' with a ferocity that startled some observers.

LPL Financial wages 'war' on Cetera, Securities America and Kestra after they pounced on NPH advisors in wake of sale

Unheard-of packages, tight targeting and unusual timing rock recruiters who marvel at the competitive behavior that has Bill Morrissey escalating an epic battle

April 12, 2018 at 6:39 PM

Andy Kalbaugh: This is not a new fee, rather a simpler way for both of us to administer the existing oversight fee.

Tensions build with OSJs after LPL Financial's 'about face' on held-away RIA assets and forced use of its corporate RIA

Can the Fort Mill, S.C. broker-dealer add 3,200 NPH advisors, make RIAs bend to its will and not break bad with giant partners?

September 6, 2017 at 12:09 AM

Chip Roame: Frankly, I doubt that there were many other legitimate bidders for NPH.

LPL Financial's tack to roll-up mode -- complete with trash-talking its sweet terms -- may send its rep count sailing past Morgan and Merrill

CEO Dan Arnold's pivot away from seller's market in reps to buyer's market in scooping up rivals on the cheap is an experiment that could work

August 18, 2017 at 6:41 PM

Chip Roame: Frankly, I doubt that there were many other legitimate bidders for NPH.

Chip Roame crosses Bay to proclaim bright future for classic RIAs -- and says a certain wirehouse will go fee-only to become the largest RIA -- at Laser App event

CEO Dan Arnold's pivot away from seller's market in reps to buyer's market in scooping up rivals on the cheap is an experiment that could work

August 17, 2017 at 6:36 PM

Christopher Norton: By working with the advisor and not the institution directly, the clients may perceive that they are protected from the shenanigans.

FiNet welcomes six wirehouse defectors at the apex of a withering Wells Fargo bank scandal that 'has legs'

Wells Fargo Advisors and FiNet ADVs warn of some cross-selling as RIAs eye Wells Fargo to see if the only wirehouse attempt to support independents will succeed, fail or end in confusion

September 29, 2016 at 7:15 PM

Valerie Brown: AIG products don't and won't get special treatment.

Why Lightyear's purchase of AIG Advisor Group isn't a Cetera-type fixer-upper case and how Donald Marron will respond accordingly

The New York-based private equity firm picked up ING's brokers in 2009 for a song after market meltdown but AIG networks has intangible value as a survivor

January 26, 2016 at 8:47 PM

David Perkins: I've got people coming to work with a smile on their face again and they've got that swagger back.

After selling Hatteras Funds for $40 million last year, the original owner buys it back from scandal-torn RCS for $5.5 million

The 48-employee liquid alts firm just lost its giant distribution arm but manages to keep $1.8 billion of managed assets

November 23, 2015 at 6:47 PM

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