Raymond James Recruits 3 Wirehouse Teams, $875M in Client Assets
Meanwhile, Morgan Stanley and Merrill Lynch grab advisors from each other in the latest recruiting push.
Morgan Stanley Wealth Earnings Up, but Merrill Stays Ahead in Q2
Despite Gorman’s push, the Morgan unit still has room for improvement on some fronts compared to its main rival, Merrill.
Top Portfolio Products: Multi-Strategy ETF Launched by AdvisorShares
Plus, Invesco PowerShares outlines changes to its municipal bond ETFs.
LPL, Cetera Reshuffle Leadership
Independent broker-dealer LPL Financial says Chief Marketing Officer Joan Khoury is leaving the firm and that two executives will step into new roles within its Advisor & Institution Solutions Group. Mimi Bock will become managing director for Client Experience and Training, taking over responsibilities previously handled by Khoury, while Ryan...
BofA-Merrill Sees Weak Economy, Strong Stocks
Analysts compare poor growth to Luis Suarez's baffling bite of a player in the World Cup, but point to sectors that could see upside.
Merrill Taps Veteran Exec for Affluent Operations
Mike Bitterly returns to the Thundering Herd after work with BlackRock.
Fee Transparency: Why Advisors Should Tread Carefully
First, if SIFMA wants it, beware. Second, any regs will only focus on how much clients pay “advisors,” not what they’re paying for brokerage services.
The Bears Haven’t Surrendered Yet
Markets have reached new highs, yet equity ownership has fallen to the lowest level in more than a half-century, Ritholtz says in a Bloomberg blog.
Many Want to Slow Down, Not Stop, in Retirement
It’s time to toss away some of the old notions about working in retirement, including the reasons people do so.
LPL Marketing Chief Khoury Out as Firm Reshuffles Exec Lineup (Again)
Mimi Bock assumes tasks formerly done by the departing manager, while Ryan Parker is promoted