LPL Q3 Earnings Meet Lowered Estimates as Profits Fall 12%
Average production per advisor drops from Q2, but assets tied to RIA relationships strengthen.
Raymond James Tops Estimates in Q3, Private Client Profits Jump 55%
The company now includes 6,265 advisors doing business in different channels in the U.S., Canada and the U.K.
Schorsch’s ARCP Plunges After Execs Replaced Over Accounting Errors
American Realty’s stock falls more than 30%; the mistakes may have been intentionally not corrected
Top-Performing Firms Have Raised Fees: Tibergien
If you can demonstrate value to your clients, says Pershing Advisor Solutions CEO, then you can charge fees for services, not just on AUM.
Ameriprise Beats Q3 Estimates, Posts Strong Wealth Results
The average yearly production level for its advisors is $483,000, up 13% from last year.
Pershing Ready to Help BDs Recruit New Advisors: CEO DeCicco
Pershing CEO kicks off Discover conference by announcing it stands ready to help broker-dealers recruit "younger and more diverse" advisors to meet growing demand.
After 13 Years of Invites, Commonwealth Snags LPL Advisor
Lance Nelson switches IBDs after getting quarterly postcards from Commonwealth since 2001.
Snowden Lane Picks Up $270M Merrill Duo
This news follows the boutique firm’s recruiting of a UBS team in late September.
Big Reg Charge Slashes LPL’s Q3 Earnings Forecast
One analyst says LPL's "inability to guide effectively on expenses," particularly regulatory ones, is a "recurring problem."
Former AXA Execs Launch Firm to Help Teachers, Nonprofits
The new group, ABMM Financial, aims to attract public-sector clients and their assets to 403(b) plans, which the founders say are underutilized.