Raymond James, LPL Recruit Teams With $150M
The IBDs each add two affiliated reps — Raymond James in North Carolina and LPL in Georgia.
Vanguard Explorer Manager to Pass Baton; Good Tax News for Schwab ETFs
John Granahan plans to give up portfolio management duties to co-managers at year-end, as Schwab says its 21 ETFs have no capital-gains distributions for 2013.
Wells Adds 3 Teams with $4.5M as Rivals Nab Reps
Wirehouses are grabbing groups of advisors nationwide, and independent firms are acquiring new assets in Illinois.
New Hire Roundup: American Century Names New Co-CIOs
Meanwhile, Nicholas Lance joined OneAmerica, and Sebastian Gomez Abero was tapped to lead the SEC Office of Small Business Policy.
13 Best & Worst Broker-Dealers: Q3 Earnings, 2013
Some of the largest companies turn in unexpectedly weak results, with one BD reporting its first loss under its star CEO.
Evensky & Katz Win Award at Schwab Impact
Evensky & Katz Wealth Management has won an award — yet again — as Schwab hands out IMPACT awards.
Dynasty Adds $1 Billion Texas-Based Wealth Team From Credit Suisse
Dynasty continues to build … well, a dynasty, at least in the independent advisory space.
Morgan’s Gorman: Advisor Turnover to Keep Slowing
The post-2008 mayhem that led many brokers to switch firms is over, Morgan CEO said, as the firm reported an 80% profit jump.
New Hire Roundup: IMCA Announces 2014 Board
Also this week, Celine Colgan joined the Presidio Group, Girard Securities welcomed David Bombart and National Planning Corp. promoted Scott Montgomery.
Financial Services Industry Ranks Dead Last in Consumer Trust: CFA, Edelman
Despite that lack of trust, conﬁdence in the markets remains high, according to a study.