Credit Unions Beat Banks in Financial Advisor Revenue
The average credit union FA is now generating more revenue than the average advisor in a large bank that owns its broker-dealer.
BofA Investors Urged to Reject Moynihan’s Chairman Position
The push comes after the recent departure of Bank of America's CFO.
12 Best & Worst Broker-Dealers: Q2 Earnings, 2015
The financial sector boosted income 7% on average in the latest period as sales jumped 19% from a year ago.
Recruiting Roundup: Morgan Stanley Grabs $1B Pair From Citi
The team comes on board in New York, while a Barclays rep joins the wirehouse in Boca Raton.
Which Wirehouse Tops LPL’s List of Recruited Reps?
The independent broker-dealer is adding a sizable number of teams and advisors from one firm in particular.
Recruiting Roundup: UBS Nabs 4 Ex-Merrill Reps in Florida
Meanwhile, Raymond James adds a husband-and-wife team in Dallas to its employee channel.
BlackRock Snaps Up FutureAdvisor: Could Wealthfront or Betterment Be Next?
As the fifth-largest robo-advisor is bought, “all eyes are now on Wealthfront and Betterment” as the next acquisition target, advisor techie Bill Winterberg says.
A New Online Platform to Limit Investment Losses
Vest Financial Group now offers investors and advisors a way to hedge downside risks of individual stocks and ETFs via an online platform.
Wells Fargo Indie Group Adds 2 Ex-Morgan Stanley Advisors
The team, which has about $190 million in assets, was with LPL Financial before working for the wirehouse.
Morgan Stanley Tightens Its Overseas Client Service
The wirehouse says 400 U.S.-based reps will be allowed to serve international clients with at least $500,000 in assets.