Raymond James Adds Ex-LPL Group in N.J.
Boutique wealth groups add teams in Arizona and Iowa.
Focus Adds $1.4B RIA in Chicago Area
Meanwhile, Securities America recruits three FAs, one from Wells Fargo and another from LPL Financial.
2 Hybrid RIAs Add Wirehouse Reps in California
Plus, Lebenthal Wealth Advisors opens branch in North Dakota energy boomtown.
Schorsch’s Own Cetera Halts Cole REIT Sales
ARCP accounting scandal "has tarnished the entire Schorsch brand," consultant Mark Elzweig says, and Cetera parent RCAP is trying to limit the damage.
Ameriprise Adds $165M Rep From LPL
CEO Jim Cracchiolo is upbeat on advisor recruiting, retention, marketing and asset growth.
LPL Q3 Earnings Meet Lowered Estimates as Profits Fall 12%
Average production per advisor drops from Q2, but assets tied to RIA relationships strengthen.
Ameriprise Beats Q3 Estimates, Posts Strong Wealth Results
The average yearly production level for its advisors is $483,000, up 13% from last year.
After 13 Years of Invites, Commonwealth Snags LPL Advisor
Lance Nelson switches IBDs after getting quarterly postcards from Commonwealth since 2001.
Big Reg Charge Slashes LPL’s Q3 Earnings Forecast
One analyst says LPL's "inability to guide effectively on expenses," particularly regulatory ones, is a "recurring problem."
Should Investors Take Advantage of Cheap Oil?
Low energy prices have many positive ramifications for the economy, forecasts from LPL and Janney Montgomery Scott say.