Raymond James Missed Estimates but Had ‘Great’ Q3: CEO
Revenues for the firm, which has more than 6,500 reps, grew in the latest period to $1.34 billion.
Recruiting Roundup: UBS, Wells Fargo, Merrill Add Reps, Teams
Meanwhile, Raymond James announces its latest bank affiliate, and HighTower brings on a new wealth group.
Dynasty Taps New Execs for Further Growth Spurt
The platform has added 10 new advisor groups in 2015 and sees new business developing nationwide.
Will Cetera Be Sold in a Fire Sale?
Industry experts debate what's behind the reports that RCAP might sell Cetera for as little as $700 million.
Janney Grabs Wealth Planning Exec From Vanguard
Martin Schamis comes over to lead planning solutions for the firm's 740 financial advisors.
Schwab Tops Q3 Estimates; Reports $4.1B on Robo Platform
Meanwhile, Citi posts strong results, as Goldman Sachs reports weak third-quarter performance.
FINRA Proposes Rule for BDs to Help Stop Elder Fraud
BDs would be required to obtain a trusted contact for an elderly customer’s account; empowered to put holds on fraudulent-looking transactions.
Recruiting Roundup: Merrill Attracts $3.5B Group, as UBS Draws $1B Team
Meanwhile, Wells Fargo helps an ex-UBS group go independent, and Summit Trail gains a former-Barclays Wealth team
Indie HD Vest Bought by Blucora, Maker of TaxACT, for $580M
The online tax prep firm, formerly known as InfoSpace, hopes to boost business by aligning with the accountant-heavy independent BD, which has about 4,500 reps.
As Elder Abuse Grows, Advisors Urged to Start Fighting It: SIFMA Forum
Financial institutions "are protecting people's privacy at the expense of protecting the people and their assets," Kathleen Quinn of NAPSA says.