Raymond James Recruits Wirehouse Reps With $1.75B
The 11 financial advisors join its employee, independent and Alex. Brown units from UBS, Merrill Lynch and Morgan Stanley.
SIFMA Sees SEC Fiduciary Rule Proposal Within 18 Months
The lobbying group takes SEC Chairman Jay Clayton "at his word" that the rule is a top priority, CEO Ken Bentsen says.
Merrill to Stay in Broker Protocol; Wells Fargo on Fence
One recruiter wonders: Why is the BofA wealth unit staying in the recruiting deal while Morgan Stanley and UBS have left?
Morgan Stanley Undercuts Rivals With Robo
Targeting younger investors, Morgan Stanley has launched its online platform, Access Investing, with an annual fee below that of wirehouse rivals.
Veteran $1B Wells Fargo Team Moves to Baird
The group includes three advisors based in Anchorage, Alaska.
Why More Advisors Are Offering Financial Planning Services
A new report from Cerulli explains the growing popularity of planning services among advisors, especially younger ones.
What 6 Top BD Insiders Divulge About Fintech Trends
Six BD leaders gave Investment Advisor their take on the year’s biggest fintech news, their thoughts on what's to come and their favorite tech tools.
RBC Wealth Nabs UBS Branch Manager: Recruiting Roundup
Meanwhile, Janney brings on advisors from Merrill and Wells Fargo, and Raymond James’ independent channel picks up a Wells team
SEC, Treasury Considering Whether Treasury Market Needs New Regs
SEC Chairman Clayton and Treasury Secretary Mnuchin spoke about this and related issues at a New York Fed conference.
Ron Rhoades Sees Grim Fiduciary Rule Future
Rhoades, a fiduciary rule proponent, doubts the full rule will go into effect during the Trump administration.