Ameriprise to Buy $8B Broker-Dealer With 200 Reps, Tops Earnings Estimates
The firm is picking up a group with about 200 advisors who serve banks and credit unions.
Raymond James’ National Event to Highlight DOL Fiduciary, Politics & Markets
The yearly conference for its independent advisors takes place this week in Orlando.
3 DOL Fiduciary Takeaways From Morgan Stanley’s Q1 Earnings
CFO Pruzan outlines the impact the new fiduciary rule is having on the firm's sales, recruiting, margins and costs.
Raymond James to Buy $27B Asset Managers
Scout Investments and Reams will join Carillon Tower Advisers, which recently expanded its sales and distribution team.
Focus Financial to Sell Big Stakes to KKR, Stone Point
The RIA aggregator says it now has some 45 partner firms and is valued at $2 billion.
Raymond James’ Semi-Indie Channel Grabs $700M Team From Wells Fargo
A team of four advisors leaves Wells’ Profit-Formula Group to join Advisor Select in Huntsville, Alabama.
BofA Profit Jumps in Q1 as Wealth Unit’s Asset Flows Top $29B
The number of advisors in the Thundering Herd, though, falls below 14,500 as more reps retire.
What to Make of Merrill's Reorg, New Ads
Is Merrill Lynch — now led by Andy Sieg — wrestling with issues tied to the DOL's new fiduciary rule?
HighTower to Buy $6.4B RIA Aggregator WealthTrust
The larger advisor rollup firm says it added a $75 million credit facility to fund its largest deal to date.
Raymond James to Pay $150M Over Ski Resort-Green Card Scam
A former Raymond James advisor solicited funds from EB-5 investors for a Vermont ski resort, then misused the money, the SEC said.