Ameriprise Profits Soar, But Advisor Headcount Drops
Ameriprise Financial reported 33% year-over-year growth in wealth management profits.
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Oppenheimer Holdings will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of an offshore brokerage. more »
Raymond James & Associates recruited advisors from Oppenheimer & Co. and Wells Fargo Advisors, each with close to $1 million in revenue. more »
Two wirehouse advisors generating $1.3 million in annual revenues joined RBC Wealth Management. more »
The regional broker-dealer lands three new recruits for its employee channel, including one who managed more than $100 million AUM. more »
The asset management firm made the new hires during a recruiting push in the last quarter. more »
City National's sale to RBC bestows new wealth on two men who have served as Hollywood's private bankers since Steven Spielberg filmed "Jaws." more »
An advisor at RBC has been promoted and will oversee six wealth managers. more »
When does it make sense to buy your list of clients? Attorney Alan Foxman explains. more »
Royal Bank of Canada is ready to take another shot at U.S. banking, agreeing to buy City National in Los Angeles. more »
But while quarterly earnings at the company's wealth management unit dropped 7% from the previous quarter, they were up 30% year-over-year. more »
Raymond James lured away a Morgan Stanley advisor managing more than $85 million in client assets. more »
Two advisors left Wells Fargo to join Stifel. more »
An advisor managing more than $188 million in client assets joined Raymond James & Associates. more »
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