Merrill Fined $2.5M Over Unapproved ‘Double Production’ Talks
Three hundred advisors and staff in Boston attended sales presentations that were not pre-approved by compliance.
For Product Providers, Wirehouses Still Rule: Cerulli
Though wirehouses' market share is declining, they still hold the biggest share of assets, so product providers must adapt to their changing needs, Cerulli says.
Froude Steps Down as Head of Ameriprise Advisor Group
Two senior execs, Bill Williams and Patrick O'Connell, are poised to step in to lead 9,672 FAs.
Baird Adds Ex-UBS Team, Former Morgan Stanley FA in Texas
Meanwhile, Raymond James recruits five advisors to its financial institutions group.
New Hire Roundup: Merrill Adds Wealth Management Teams in Florida, New York
Meanwhile, Barclays named Jay O'Neil regional manager for wealth and investment management in Los Angeles.
Raymond James Adds $1.9M Ex-Morgan Stanley Team
The group of two reps managed about $150 million of client assets in Washington, D.C.
Merrill Grabs $3.1M Team From UBS in Palm Beach
The veteran group includes four advisors with about $500 million in client assets.
Half of Parents Say College Savings More Important Than Retirement
Nearly a third said they were using their 401(k)s to save for their children's college, T. Rowe Price found.
RIA Growth Secret: ‘Create a Story That Sells Itself’
Firms discuss how moving from the wirehouses to independence brought rapid growth.
Raymond James Adds 6 From LPL; Wells Fargo Grabs 5 From Morgan Stanley
Meanwhile, Merrill Lynch recruits a UBS team as wirehouse retention deals expire.