Raymond James Nabs Morgan Stanley Rep; Indie Washington Wealth Adds Merrill FA
Stephen Besse moves with about $360 million in assets, while Matthew Griffith goes independent with about $75 million.
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.
Raymond James IBD Loses Compliance Chief
Raymond James Financial Services CCO Donald Runkle has left the firm. No replacement has been found.
Raymond James Nabs $80M Wells Team in California
Two advisors join the employee channel in Santa Barbara with some $950,000 in yearly fees and commissions.
The Real Key to Harnessing Technology
Financial advisors need to remember that technology is simply an enabler: You must first set up your business to accommodate it—then reap the rewards.
Merrill Grabs $300M Morgan Stanley Team
Also, an ex-Wachovia advisor joins Pitcairn, and Raymond James adds succession tools.
Raymond James, Securities America and NFP Unit Add Teams, Breakaways
Six reps, including two father-son teams, switched firms with a total of more than $920 million in client assets.
SEC, FINRA, CFPB Enforcement: BofA Busted for Illegal Credit Card Practices
In other actions, Hewlett-Packard will have to pay $108 million to settle SEC and DOJ charges of FCPA violations.
Best Full-Service Investment Firms Ranked by Investors: J.D. Power — 2014
Overall satisfaction rose, but the four wirehouses rank below the industry average.
The Clearing Industry’s New Powers
From fighting fraud to revamping recruiting, clearers are more engaged than ever.