LPL Was Getting Bigger. Cetera And Raymond James Found Two Places To Recruit Against It.
Cetera recruited a $380M LPL team while Raymond James added $210M from Commonwealth, exposing two different pressures around LPL’s growth.
Cetera Paid $1.2B For Avantax. The Tax Channel Was The Real Prize.
Cetera paid $1.2B for Avantax despite modest assets per advisor. The real prize was its tax-focused advisor and CPA distribution network.
Advisor Recruiting Is Becoming A Battle Over Choice
LPL’s latest advisor hires from Wells Fargo and Lincoln Investment show how affiliation choice, niche clients and service now drive recruiting.
The Old IBD Rule Was Hands Off The Client. That Rule Is Breaking.
LPL’s Financial Resources Group deal shows how giant OSJs, bank programs and branch offices became strategic acquisition targets.
Insurance Wealth Units Are Looking For Scale. Cetera Just Added Another.
Cetera’s Concourse Financial Group Securities deal adds scale, advisors and a new test of insurance-affiliated broker-dealer integration.
Cetera’s Minority-Capital Playbook Is About Keeping Advisors Close
Cetera’s minority stake in CCR Wealth Management shows how broker-dealers can use capital, succession and growth support.
Cetera’s Growth Guarantee Is Small Money With A Big Recruiting Message
Cetera’s Growth Guarantee turns advisor recruiting into a measurable growth promise, but the refund, limits and compliance details matter.
Tom Gooley Helped Build Cetera’s Scale. Now The Firm Has To Activate It
Cetera COO Tom Gooley’s planned retirement highlights Avantax integration, multicustodial growth and advisor platform execution.
Why Cetera’s AML Fine Matters Beyond The $1.1M Penalty
FINRA fined three Cetera firms $1.1M over AML, low-priced securities supervision and consolidated report failures.
LPL Lands $1B Ameriprise Team As Cetera And Raymond James Add Advisors
LPL added Cebert Wealth Advisors from Ameriprise, while Cetera and Raymond James announced more advisor moves across several markets.
Cetera, LPL And Prime Capital Add Advisor Teams Across Several Markets
Cetera, LPL and Prime Capital added advisor talent from Osaic, Nations Financial Group and other major firms as recruiting continues.