Schwab Posts 7% Profit Decline for Q1 Despite Asset Growth
The company points to higher compensation costs as a cause of its falling net income.
RIA Growth Secret: ‘Create a Story That Sells Itself’
Firms discuss how moving from the wirehouses to independence brought rapid growth.
LPL Beats Q4 Estimates, Tops 14,000 Reps
Earnings improved 9% on strong asset growth and RIA-related results, as well as lower compensation costs.
Top 15 States With Most RIAs
The number of RIA firms increased to 31,975, according to SIFMA’s 2014 Factbook, despite an active merger year.
‘RIA-ization’ Transforming Advisor Industry
Advisors have lots to consider when using a corporate RIA or starting their own, says a panel at FSI OneVoice 2015.
RBC to Buy City National, Boost U.S. Wealth Operations
The U.S. operations of the Canadian bank currently include about 2,000 reps and $280 billion in assets.
Raymond James Picks Up $1.3M Rep From UBS
Also, Stratos Wealth added two advisors near Columbus, Ohio.
ThinkAdvisor’s 2014 Q4 Earnings Calendar for the Finance Sector
A list of full-year and fourth-quarter 2014 earnings release dates for companies of interest to financial advisors and investors.
Morgan Stanley Picks Up Ex-Merrill Institutional Team in Chicago
Raymond James adds independent RIA group, while HighTower brings on a former UBS group.
Focus Adds $1.4B RIA in Chicago Area
Meanwhile, Securities America recruits three FAs, one from Wells Fargo and another from LPL Financial.