It looks like Advisor Group is going shopping.
The big independent broker-dealer network's new CEO, Erica McGinnis, says she is looking at acquisitions to drive further growth.
"We had spent a lot of time adding advisors one by one, branch by branch," she says. But as the
McGinnis, who was
She says she isn't aiming to add standalone B-D brands, yet insists that maintaining the four existing B-Ds -- Woodbury, FSC, Royal Alliance and SagePoint -- as distinct entities is a priority for the network. "Our advisors have chosen to be at that [smaller] brand -- they haven't chosen to be one of 12,000 reps," she says.
If Advisor Group's separate B-Ds were counted as a single entity, the network would have been the fourth-ranked independent B-D on Financial Planning's
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