INVEST Financial Announces Recruitment of Three Financial Institutions with Combined Total Assets of
TAMPA, Fla.--(BUSINESS WIRE)--INVEST Financial Corporation (INVEST), a member of National Planning Holdings®, Inc. (NPH), one of the nation’s largest independent broker-dealer networks, today announced the addition of three new financial institutions to its arsenal of financial advisors. The new offices include: Citizens Bank & Trust located in Guntersville, Alabama, Security Bank of Kansas City, and WaterStone Bank based in Wauwatosa, Wis. Combined, the offices bring more th
Another Small Firm Dissolves B/D, Joins Larger IBD
Security Bank of Kansas City, a bank-based program with 10 advisors, is the latest firm to dissolve its b/d entity and move to larger firm as a super OSJ. Many broker/dealer executives have predicted a period of increased consolidation in the independent space, as small firms become more and more weighed down by administrative and regulatory burdens, rising expenses, the need for better technology, resources and the Department of Labor’s fiduciary rule. Some consolidation has
