Independent broker-dealers are outgrowing RIAs and captive firms as consolidation, advisor autonomy and platform scale reshape wealth management.

FINRA ordered Osaic-owned American Portfolios to repay customers over cash sweep fee and interest disclosures, keeping client cash scrutiny alive.

Priority Financial Group moved broker-dealer operations from Osaic to United Planners, showing how advisor-owned culture and flexibility compete with scale.

Osaic added True Wealth from LPL and Soundview from Commonwealth, showing how culture, technology and growth support shape advisor recruiting.

Cetera added Callero Capital Management from Osaic, showing how growth-minded advisor teams are weighing back-office support, succession and platform change.

Osaic’s $540M West Virginia advisor win drew Primerica poaching allegations, showing how advisor recruiting can raise legal, client and transition risks.

Osaic ConnectED 2025 showed how the firm is moving from integration to growth, with AI, scale, advisor engagement and platform flexibility in focus.

Ameriprise, Osaic, Kestra and Wells Fargo added major advisor teams, showing how recruiting is splitting across employee, independent and breakaway channels.

Raymond James lost a $1.3B Georgia team to Concurrent while adding advisors from Wells Fargo, UBS and Northwestern Mutual.

CW Advisors’ Rovin deal and Shore Group’s Butler merger show how Osaic-linked firms are using acquisitions and combinations to scale.

Osaic added $442M from two Ameriprise teams, showing how OSJ partners can help advisors pursue independence with local support.

UBS recruited a $1B Merrill team in San Juan, showing why Puerto Rico’s wealth market remains a test of local trust and global advice.

Cetera recruited Jamie Hatfield from Commonwealth, showing how high-touch service and platform scale are shaping advisor moves.

LPL and Osaic traded advisor teams, showing how independence can mean different things for growth, retirement planning and local identity.

Osaic moved longtime partner Bard Financial into its W-2 channel, showing how succession and support are reshaping advisor affiliation.

RBC opened an Alpharetta branch with a $430M UBS team while Osaic and Carson added advisors through platform and succession moves.

Osaic’s Bain-linked recapitalization gives the firm new capital, but advisor retention and post-integration growth remain the real test.

Osaic hired Stacie Nabedrick to lead advisor and client technology strategy as the firm pushes eQuipt, planning tools and scalable growth.

LPL, Osaic and Janney added advisor talent as recruiting momentum continues across planning, transition and regional wealth markets.

The Finance Couple left LPL for Osaic through Innovative Financial Group as advisor moves show platform fit driving recruiting.