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.
Bank Q2 Earnings to Reflect ‘Rebound’: Sterne Agee
Banks are poised to make some second-quarter earnings gains after a tough start to 2014, equity analysts say.
New Hire Roundup: CFTC Names Goelman Enforcement Chief
Grace Vogel joined PwC’s financial services regulatory practice, and the Hedge Fund Association named three women to leadership positions.
SEC, DOL Enforcement: Appeals Court Backs SEC in Citigroup Case
The SEC may seek settlements without being obligated to require admissions of wrongdoing, the court found. Meanwhile, DOL fined GreatBanc Trust.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014
This quarter saw surprising performance dips and peaks across the financial sector.
529 College Savings Plans Beat Benchmarks on After-Tax Basis
Before taxes many 529 college savings plans underperformed, but they topped comparable indexes when tax benefits were factored in, a study found.
Merrill Nabs 2 Advisors, Wells Adds 5
The new Merrill team has $3 billion in assets, while each of Wells Fargo’s latest recruits produces more than $1 million in yearly fees and commissions.
Why Morgan Stanley Passed on UBS-Paine Webber
Chairman & CEO James Gorman shares his views on the value of the Smith Barney deal.
Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
Raymond James Nabs Merrill Team, Set to Open Beverly Hills Branch
The ex-wirehouse recruits discuss why they wanted to leave the “big bank” environment for another firm.