Investment Platforms
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New Hire Roundup: Seilers Join Raymond James and Williams Moves Up, Carson Wealth Launches RIA
By Marlene Y. SatterThis week in new hires, the Seiler brothers went to Raymond James, while Greg Williams was named to a new position there; Carson Wealth Management launched its own RIA; and Aaron Cooper and Richard Perkins went to Putnam.
July 27, 2011
SEO-Free Marketing; Strategic Marketing for Growth; the Marketing Issue: August Investment Advisor—SlideshowMarketing: You know you need to do it, but many advisors avoid it.
July 27, 2011
Commonwealth Plucks 3 Top-Producing Firms From Securities AmericaIndependent BD adds Tonkinson Financial, Capital Wealth Management and Smallwood Capital.
July 26, 2011
BofA to Expand Merrill Edge AdvisorsBank of America said in mid-June that it planned to nearly double the number of Series 7 financial advisors serving its mass-affluent Merrill Edge client…
July 21, 2011
Q2 Earnings: Morgan Stanley Tops Estimates, Boosts Wealth ResultsMorgan Stanley Smith Barney is ahead of rival Merrill Lynch in FA headcount and average assets but lags in annualized revenue per advisor.
July 19, 2011
Q2 Earnings: Wells Fargo Beats Estimates; Advisor Headcount DropsWith 15,194 financial advisors and about 3,800 bankers, Wells Fargo now has 18,989 licensed professional, which is 205 less than in Q1.
July 19, 2011
Q2 Earnings: BNY Mellon Profits Rise Nearly 12% as Pershing Revenue Stays FlatBank of New York Mellon reported profits of nearly 12% in Q2 2011, but the Pershing RIA custody unit's revenues were flat.
July 19, 2011
Q2 Earnings: BofA Posts Big Loss; Merrill Adds AdvisorsLoss was spurred by mortgage settlement that included Countrywide issues; Merrill Lynch now includes more than 16,240 advisors with average yearly sales of $894,000.