RBC to Buy City National, Boost U.S. Wealth Operations
The U.S. operations of the Canadian bank currently include about 2,000 reps and $280 billion in assets.
Raymond James Grabs $1M Rep From Morgan Stanley in Miami
Meanwhile, Lebenthal Wealth adds a manager and a branch in Michigan.
Invest in Others Is Now Taking Advisor Award Nominations
Invest in Others will take names through April 15, and the nonprofit is expanding its work for and with FAs, chairman Bill Dwyer says.
Raymond James Tops Estimates as Private Client Sales Rise 8%
The number of advisors jumped by 79 in the latest quarter to 6,336.
Roubini: Obama Is Right; Gold Bugs Are Wrong
At Davos, the economist warns that deflation is a bigger threat than inflation and calls for higher taxes on the wealthy.
Morgan Stanley Misses Earnings Target; Gorman Highlights Wealth Results
Financial advisors at Morgan Stanley are "on a path" to achieve higher profits, the CEO says.
Raymond James Picks Up $1.3M Rep From UBS
Also, Stratos Wealth added two advisors near Columbus, Ohio.
BofA, Merrill See Q4 Drop in Profits
The wealth unit, though, boosted sales 3% as advisor production stayed above $1 million.
JPMorgan Profits Drop in Q4; Wells Fargo Sees Modest Improvement
One bank is hit by continued legal costs, while the other has loan and deposit growth.
Gundlach: Low Oil Prices Mean ‘Collapse’ in Hiring, Spending
“I bet you dollars to doughnuts, oil doesn’t go up,” the DoubleLine CEO says.