Raymond James Nabs More Merrill, Wells Fargo Teams
The groups join in Virginia and Pennsylvania with client assets of about $350 million and $138 million, respectively.
Commission Clients Don’t Favor Switch to Fees: J.D. Power
Full-service clients have strong views on their retirement accounts and how they like to pay for them, a J.D. Power poll finds.
More Merrill Departures: Recruiting Roundup
Raymond James adds an employee team, and HighTower grabs a breakaway duo; Triad recruits a group from Commonwealth Financial.
JPMorgan Abandoning Commissions … Or Not?
The firm told clients they have to move to fee-based or self-directed accounts, unless there is a delay in DOL's fiduciary rule implementation.
Merrill Opens ‘Pandora’s Box’ With Shift on Commissions: Analysts
KBW weighs in on what moving away from a fee-only approach could mean for recruiting, operations and legal issues.
Merrill Reconsiders Commissions on Some Retirement Accounts
Wealth chief Andy Sieg, though, tells the Thundering Herd that restrictions “remain in place, including [those] on mutual funds.”
Janney, Raymond James Grab Merrill Reps: Recruiting Roundup
The broker-dealers are set to add more than $285 million in assets in New York and Kentucky.
Recruiting Scene: Wirehouses Lose a Few, Win a Few
Focus adds a breakaway group, Raymond James picks up a trio, and Morgan Stanley nabs a high-net-worth team.
11 Best & Worst Broker-Dealers: Q4 Earnings, 2016
Earnings growth in the financial sector has been robust so far, according to LPL’s CIO Burt White.
Merrill Trims Fees for Some Clients With Less Than $1M
The cuts could bring charges down to roughly 2.2% of assets, saving clients some $5,000 a year.