With IBD competition heating up, firms poach executive from rivals

Financial Planning

June 20, 2018

A longtime major player in the independent broker-dealer space and a newcomer making big moves have tapped executives from rival firms for top operations and recruiting roles.

Ladenburg Thalmann’s Securities America, the No. 10 IBD, poached Jim Meyers from Ameriprise to serve as its COO, while Atria Wealth Solutions, the private equity-backed parent of two and soon to be three IBDs, hired Matthew Bassuk from Cetera Financial Group to be its national director of recruiting.

Continue reading