Moloney Securities sold client assets to Berthel Fisher and closed after regulatory pressure tied to GWG L Bond sales.

Cresset, Raymond James and LPL added veteran advisors, showing how firms are competing for experience, client trust and succession-ready practices.

Cambridge made several late-2025 deals while recruiting major advisor groups, showing how independent broker-dealers are buying and recruiting for RIA growth.

Commonwealth resolved a long-running SEC conflict-of-interest case for $5M after a $93M judgment was vacated on appeal.

Kestra added more recruiting talent from LPL and Commonwealth, showing how advisor recruiting is becoming a talent war behind the scenes.

LPL, Raymond James and Wells Fargo FiNet added new advisors, showing how firms are recruiting different practice types across the U.S.

Edward Jones won FDIC approval for an in-house bank, advancing its lending, deposits and cash strategy after years of false starts.

Wells Fargo added advisor teams from Morgan Stanley and Ameriprise, showing how regional, family-linked practices remain central to recruiting.

Edward Jones confirmed India-based contractor support as home-office staff declined, raising questions about scale, service and advisor support.

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

Concorde Investment Services is facing scrutiny over bankrupt Inspired Healthcare deals, raising questions about private placements, DSTs and broker-dealer due diligence.

Cambridge’s WealthPlanners acquisition shows how independent broker-dealers are turning advisor succession into a platform strategy.

Wells Fargo recruited advisors from RBC, UBS and Citizens, showing how multiple channels are shaping advisor movement across wealth firms.

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.

Ashford Securities’ shutdown shows how smaller broker-dealers tied to nontraded real estate products face pressure from rates, liquidity and weak demand.

LPL avoided an SEC enforcement action over its cash sweep program, but lawsuits, client-cash scrutiny and revenue questions remain.

LPL Financial’s 300 job cuts show how scale, AI, Commonwealth integration and advisor service pressure are reshaping platform costs.

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

Prospera and Independent Advisor Alliance promoted leaders to sharpen investment oversight, advisor experience and platform execution.