Raymond James Misses Estimates, Despite Strong Recruiting
The firm is in the process of acquiring some 200 Alex. Brown advisors from Deutsche Bank.
Schwab, TD Ameritrade Top Estimates on Strong Q4 Asset Gains
Schwab has over $2.5 trillion in assets, while TD Ameritrade has $695 billion.
Market Drop Due to ‘Cracking’ Investor Confidence, Not Recession
Commonwealth’s Brad McMillan argues that even a confidence-driven bear market would be short-lived, especially if corporate earnings hold up.
Docupace Aims to Break Free From RCS Capital
The tech firm wants to follow Cetera Financial's lead in separating itself from its troubled majority owner.
Recruiting Roundup: LPL Adds 25-Branch Bank to Platform
The $750 million group is based in Pennsylvania and recently added a $120 million rep to its wealth operations.
MetLife's Planned Spinoff of Retail Unit Puts Pressure on AIG
Calls from investors, including Carl Icahn, for AIG to split into three insurers to shed SIFI status are expected to intensify.
IBD Commonwealth Hits $1 Billion Revenue Mark
Meanwhile, its independent reps are averaging close to $600,000 in yearly fees and commissions.
Top 14 Fund Managers of 2015: Morningstar
Winners will be picked in five categories, with no one firm dominating the list of nominees.
RCS Capital Reveals Latest Saviors; Lightyear-AIG Deal Talk Grows
Two PE firms and Eaton Vance are allowing RCAP to forgo debt payments; meanwhile, recruiter says "lawyers are working" on Lightyear's AIG Advisor Group deal.
LPL Makes Top-Level Push in Biz Development, Sales
Bill Morrissey will lead recruiting & development; Andy Kalbaugh will boost services to independent reps & institutions.