Ameriprise Misses Q2 Estimates, Cites Market Turmoil
The firm cited increased volatility, lower average equity markets and persistently low interest rates for a 19% profit drop.
Are You an RIA, IAR, FA, Rep, Indie Advisor or Broker? We’ve Got You Covered
That cliché that we live in interesting times happens to be accurate right now for the advisor community.
Is Private Equity IBDs’ Savior or Sorcerer?
Several years ago, I attended a third-party recruiter gathering hosted by an insurance-owned broker-dealer that was working to attract advisors.
How to Handle Client Setbacks: Advice From 6 Industry Gurus
Anyone in the planning business knows the humbling adage, “Man proposes, but God disposes.” Or more colloquially, “Stuff happens.”
A Summer of Broker-Dealer Discontent
From fines to financial pressure and recruiting woes, employee-advisor firms are facing significant challenges this summer.
Recruiting Roundup: RBC Wealth Adds 2 Teams From Rivals
Meanwhile, Cetera, Deutsche Bank and Snowden Lane say they have picked up new advisors as well.
Raymond James Tops Estimates, Reports Strong Revenue: Q2 Earnings
Plus, the Private Client Group's fee-based business is growing 11% year over year, according to CEO Paul Reilly.
FSI Elects Valerie Brown, Richard Bryant to 2017 Board
The board also elected five of its directors to leadership positions.
Wells Fargo Plans Pilot Robo-Advisor for Early 2017 Launch
Latest Wells Fargo/Gallup survey found that investors trust the advisor who's tech-savvy more than one who's not. Also, only 5% of investors use robo-services.
SEC Proposes Making Brokers Reveal Where Client Orders Go
Regulator seeks comment on ramped-up broker disclosure rules; institutions would get more information on how orders filled.