Are You Vulnerable to the Robo-Advisor Threat?
If you don’t systematize the investment process, and thus make effective rebalancing possible, you’re in trouble.
Banks’ Wealth Management Biz Thrives
Wealth management is an increasingly rich revenue source for banks and thrifts as traditional profit centers decline, Michael White and IPI found.
Merrill Grabs 3 Reps as Raymond James, LPL Each Add 2 Advisors
Meanwhile, Baird picks up a veteran financial advisor in Denver, who previously was with Charles Schwab.
$900M UBS Group Moves to Dynasty; LPL Team Jumps to Raymond James
The New York-based team going independent includes four former wirehouse advisors, while the LPL group has three reps at $310 million in assets.
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 Stanley, Raymond James Name Regional Heads
Meanwhile, Merrill Lynch and Wells Fargo’s independent-advisor unit share their latest recruiting news
Ex-Ameriprise Rep Opens TrestleBridge, Affiliates With LPL
Meanwhile, LPL-affiliated Washington Wealth rolls out platform for advisors who want to work remotely.
New Hire Roundup: Clearbrook Names Leslie Billet Managing Director
Deb Clarke has become Mercer's global head of investment research, and Bruce Graham recently joined CAPTRUST Financial Advisors as a vice president and advisor.
National Financial Partners Acquired by Madison Dearborn
The private equity investment firm Madison Dearborn will pay $1.3 billion for NFP's stock, representing a 26% premium for NFP's shareholders.
LPL Trust Unit Aims to Boost Sales, Hires
The Cleveland-based Private Trust Co. has added two executives and plans to work more with independent advisors affiliated with LPL.