Employee Channel Adding Biggest Teams Ever: Raymond James Exec
Broker-dealer says recruiting on West Coast and Northeast now account for about one-third of recruited reps.
Morgan Stanley Promotes Pick, Simkowitz in Management Shift
The wirehouse adjusts top ranks as CEO James Gorman looks to boost collaboration.
Recruiting Roundup: $3 Billion Merrill Team Goes Indie
The advisors form Corient Capital and partner with Dynasty Financial Partners in Southern California.
Raymond James Hosts 21st Women’s Symposium
The broker-dealer's annual event includes several hundred advisors, prospects and guests meeting in St. Petersburg, Florida.
FINRA, SEC Wallop UBS Puerto Rico With $33.5M in Penalties Over Closed-End Funds
Company failed to ensure suitability for clients of Puerto Rican CEFs that were highly invested in Puerto Rican municipal bonds; branch manager and rep charged.
Most Advisors Use Smart Beta, Whether They Know It or Not: Russell
“Defining ‘smart beta’ ... continues to be a point of confusion for financial advisors,” says a Russell report with several illuminating findings.
How the Wirehouses Embraced ETFs
Wirehouses and other large broker-dealers have emerged as key players in ETF distribution; big data and smart beta will drive the trend further.
Morningstar to Tackle Hottest ETF Topics at Conference
Among the topics where Morningstar wants to "rethink conventional wisdom" are active share, strategic beta, 401(k) mistakes and hedging currency exposure.
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
Meanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
Moynihan Remains BofA Chairman After Vote, Fends Off Critics
Bank of America CEO survives campaign by pension funds to split his roles.