Cetera BD Has New Operations Chief
Tim Stone takes over as COO, after predecessor Tom Taylor becomes president of the 2,400-advisor IBD.
Stifel ‘Will Always Look at Good Deals’: CEO
In the fourth quarter, profits more than doubled at the financial firm, which has 2,282 financial advisors.
Wells Fargo to Stop Giving Notice of Retail Bank Compliance Visits
The policy was in place to ensure branches were adequately staffed for reviews, the bank said.
First Republic, Raymond James & RBC Grab Merrill Reps: Recruiting Roundup
Meanwhile, Merrill Lynch adds a $2 million-producing advisor from Morgan Stanley.
Ameriprise Beats Estimates as Assets, Inflows Rise
The broker-dealer has 9,675 advisors with average fees and commissions of $518,000 per year.
Senators Ask Wells Fargo CEO to Explain Alleged Fraud Cover-Up
Six members of the Senate Banking Committee are inquiring about reports that the bank shredded and forged documents to hide fraud.
2 Wealth Groups Merge to Form $4.7B RIA Near Boston
Advisor Investments and Braver Wealth Management work as fee-only managers for about 3,000 clients.
Robo Clearing Firm Apex Taps Envestnet's Fiske to Head Retail Ops
Ron Fiske joins Apex, which clears for robo-advisors like Betterment, from Envestnet and will head its retail operations.
Dynasty Financial Taps RIA Exec for Partner M&As
Joseph Rizzo takes on the role after leaving Steward Partners; earlier, he was with Morgan Stanley's wealth business.
LPL to Pay $3.7M Over Star Rep’s Unsuitable VA Sales to Seniors
State regulators make the move in connection with over $1.8 million in commissions on variable annuities made by Roger Zullo and the IBD.