The role of geography in potential business opportunities for financial advisors can be hard to calculate…
Tag: Industry News
LPL CEO not surprised by Commonwealth departures
Just a day before his firm’s completed purchase of Commonwealth Financial Network, LPL CEO Rich Steinmeier…
Stifel recruiting hits 10 year high in second quarter
After a slow start to the year, Stifel reported a record second quarter for its wealth…
UBS Americas reports $3.5B in asset outflows
UBS’ Americas advisor headcount and new asset inflows declined in the second quarter as changes to…
BofA Private Bank exec foresees big NY market opportunities
Emily Dreas started her career doing business development for a 12-person asset manager in Florida. Two…
Raymond James’ recruiting surges during market turmoil
Though it didn’t give specific figures, Raymond James said its advisor recruitment is surging. The remark…
Ameriprise wealth earnings dropped in q2 due to volatility
The stock and bond volatility linked with the tariffs that President Donald Trump unveiled in April…
Schwab’s earnings rise on client assets
Charles Schwab rose after the company reported second-quarter earnings that topped estimates as client assets hit…
UBS loses headcount to Morgan Stanley, Raymond James
UBS continues to lose advisors to its industry rivals as Morgan Stanley, Raymond James and Rockefeller…
CFP Board picks Ph.D. advisor as 2026 chair-elect
It won’t take effect for another 18 months, but the CFP Board already has its chair…
Morgan Stanley open to acquisition deals
Morgan Stanley CEO Ted Pick told analysts Wednesday his firm is looking at acquisitions for its…
J.D. Power’s 2025 financial advisor satisfaction rankings
One of the most closely watched report cards in the fight to recruit and retain financial…
Citi: Net new investment assets drop in second quarter
Citi‘s wealth division reported a steep drop in net new investment assets in the second quarter…
Wells Fargo gets $16B in help from bank advisors
Advisors in Wells Fargo’s bank branches helped bring in $16 billion in new assets in the…
Pershing revenue rose in q2 due to asset appreciation
One of the industry’s largest clearing and custody firms suffered an outflow of $10 billion in…
Commonwealth loses a few advisors ahead of LPL deal
As LPL Financial’s purchase of Commonwealth Financial Network nears, a steady trickle of advisors are leaving…
Impact of House NCAA settlement on financial planning
Financial advisors’ business case for working with college athletes picked up a multibillion-dollar infusion last month…
Former Citadel quants Raise $36 million for fixed-income fintech
Moment, a financial-technology company founded by former Citadel Securities quantitative traders and researchers, raised $36 million…
RIA industry snapshot displays growth of wealth management
Registered investment advisory firms topped previous records in many key business metrics in 2024, with assets…
Raymond James grabs advisors managing $1.1B from Ameriprise
The Financial Industry Regulatory Authority has repaid $50 million to its members. The money comes as…