How Raymond James Is Boosting Employee Advisors
“Recruitment and growth opportunities" on the East and West coasts “appear to be near infinite,” Private Client Group head Tash Elwyn says.
Morgan Stanley Q2 Wealth Profits Up 20% as Advisor Headcount Falls
CEO Gorman said the advisor recruiting environment was "pretty stable" and that the firm was unlikely to pursue an acquisition.
BofA Takes ‘Giant Step’ as Mortgages, Cost Cuts Fuel Profit
The news follows CEO Moynihan's remarks in May that the firm would have to cut costs further in its trading division.
Wells Fargo Mulls Robo-Advisory Offering
The news comes more than five years after BofA rolled out Merrill Edge.
Best Broker-Dealers Ranked by Financial Advisors: J.D. Power — 2015
Satisfaction poll by J.D. Power finds a big drop in loyalty as frustrated reps consider their options.
Wells Fargo Profits Flat, but Wealth Unit Jumps
The wealth unit’s Q2 results had an 11% rise in profits on higher asset-based fees.
JPMorgan Profit Beats Analysts’ Estimates as Expenses Drop
The bank boosts net income despite a drop in revenue amid sluggish fixed-income trading.
Wells Fargo Grabs Morgan Stanley, Merrill Reps as Raymond James Nabs UBS Team
The four new Wells Fargo advisors come on board with some $900 million in assets; the new RJ group has some $300 million.
What Wealthfront’s Attack on Betterment Is Really About
The real competition for Wealthfront is with “the other 99.9% of industry assets that aren’t managed by ANY robo-advisor," says Michael Kitces.
Raymond James Grabs $120M Team From Merrill
The two female financial advisors go independent with the firm in Utah.