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Articles / Resources

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Advisor Group Taps Erinn Ford to Lead Advisor Engagement

17:13 03 February in In the News by rafferty

February 3, 2021 By Diana Britton, WealthManagement.com The former CEO of KMS Financial will lead a new team at Advisor Group dedicated to creating a "feedback mechanism" to better support advisors, tailored to their specific business model. Erinn Ford, the former CEO of Advisor Group subsidiary KMS Financial and former president of Cetera Advisors, has been promoted to executive vice president of advisor engagement at Advisor Group. In the newly-created role, she'll create a feedback mechanism to get advisors' input on the firm's offerings, and implement a business-segmentation approach to developing services and support across the firm. “My whole life I’ve had the opportunity to serve financial professionals, and what’s energizing for me, I’ll be able to have influence over all 11,000 at Advisor Group and bringing not only that sense of community, but also bringing the growth and efficiency...

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Atria Wealth Solutions Buying SCF

19:30 01 February in In the News by rafferty

January 29, 2021 By Michael Fischer, ThinkAdvisor Once the deal wraps up, Atria’s operations will include 2,500 financial professionals with $95 billion in assets under administration. Atria Wealth Solutions is set to buy SCF Securities in a transaction that should close in the first half of 2021. SCF serves about 150 independent financial professionals from its base in Fresno, California, and includes SCF Securities, SCF Investment Advisors and SCF Marketing. SCF will become the sixth broker-dealer Atria has acquired since 2017, joining these subsidiaries: Western International Securities NEXT Financial Group Cadaret, Grant & Co. CUSO Financial Services Sorrento Pacific Financial. Upon the SCF closing, Atria’s subsidiaries will represent a total of over 2,500 financial professionals with some $95 billion in assets under administration. These subsidiaries, collectively, are the fastest-growing U.S. broker-dealers in year-over-year growth by number of financial professionals and...

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Will Commonwealth’s new breakaway services reel in recruits?

17:41 27 January in In the News by rafferty

January 26, 2021 By Tobias Salinger, FinancialPlanning.com   Excerpt: One of the largest independent broker-dealers is diving into rival-infested waters to compete for breakaway advisors, armed with a new specialty suite of services. Commonwealth Financial Network launched its Business Consulting Services unit on Jan. 20 with an eye toward attracting 15 to 20 ex-employee teams this year, says Matt Chisholm, senior vice president of RIA services and practice management. Read the full article on FinancialPlanning.com.   ...

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Hightower Sees New Opportunity in IBD-Affiliated Firms

17:26 27 January in In the News by rafferty

January 26, 2021 By Diana Britton, WealthManagement.com Hightower has already made two acquisitions of firms sitting at independent broker/dealers, and CEO Bob Oros expects it to be an area of growth for the firm going forward. While Chicago-headquartered Hightower’s core strategy continues to be acquiring standalone registered investment advisors, the firm has recently made a foray into the independent broker/dealer channel, and CEO Bob Oros expects it to be a complementary area of growth for the firm going forward. The move would certainly expand the universe of potential acquisitions. Just this week, Hightower announced it was taking a stake in Siller & Cohen Family Wealth Advisors, a Rye Brook, N.Y.-based hybrid RIA with $830 million in client assets, which was previously affiliated with Lincoln Financial Advisors. In October, the firm made an investment in...