FPA Forms Advocacy Council for Members
The Financial Planning Association wants advisors to have a "strong voice" with regulatory and certifying bodies.
Cetera Recruiting Exec, Jay Vinson, Has Departed Firm
Jay Vinson is no longer with Cetera Advisors, which means he is free to move to rivals like the Advisor Group, a recruiter says.
Schwab’s Kleintop: Stocks Are ‘Vulnerable to a Pullback’
The strategist points to a big gap between earnings expectations and reality in the face of weak global growth.
Raymond James Wraps Up Purchase of Alex. Brown
The 193 wealth advisors at the boutique firm are now on the parent firm's platform, according to the head of the new unit.
SEC Bars 2 Advisors Who Said They Managed Money ‘God’s Way’
The advisors promised investors "indestructible wealth" while misusing their money, the SEC said.
Cetera Replaces CEO Roth With Moore as RCS Bankruptcy Woes Fade
With the RCS Capital bankruptcy behind it, Cetera appears to be replacing a “wartime leader” with a “peacetime leader,” one observer says.
Wells Fargo Advisors Adds $700M JPMorgan Duo in Tulsa
The bank's retail brokerage also says it has recruited a $100 million Morgan Stanley rep in Southern California.
Banks, Credit Unions Lose More Than $8M per Departing Rep: LPL Study
“Doesn’t it make sense to spend some of that money to keep the advisors, before it walks out the door with them?” the authors asked.
Roth Tells Cetera Reps He’ll Bring ‘Clarity’ on Leadership Soon
The executive sent a memo to the IBD's 9,000 reps on Monday amid intense industry chatter.
RBC Nabs Billion-Dollar Morgan Stanley Group in Texas
The news comes one week after RBC recruited an advisor in Houston from Wells Fargo.