Regionals

Updated Tuesday, June 18, 2013 as of 2:32 AM ET

Regionals

Raymond James Recruits Morgan Stanley Team

Less than a week after landing another Morgan Stanley advisor, Raymond James has lured a Midwestern group with over $240 million in assets under management from Morgan Stanley to its independent-broker dealer.

The Oak Brook, Ill., team, now known as Dashboard Wealth Advisors, is helmed by managing director Scott A. Schuster and includes Paul Casazza, Mary Phillips, and Heather Schuster. At Morgan Stanley they operated as the Schuster-Casazza group and generated $1.9 million in yearly fees and commissions. more »

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Ex-Morgan Keegan Fund Directors Settle SEC Valuation Claims

Eight former directors overseeing mutual funds for Morgan Keegan & Co. settled, without paying any penalties, U.S. regulatory claims that they allowed assets backed by subprime mortgages to be overvalued as the housing market collapsed in 2007. more »

RBC Seeks Wealth Management Deals

Royal Bank of Canada, the country’s largest lender by assets, will consider acquisitions of as much as $4.9 billion as it seeks to expand its wealth- management unit, Chief Financial Officer Janice Fukakusa said. more »

Raymond James Nabs Morgan Stanley Vet

A $1 million producer has jumped from Morgan Stanley to Raymond James in Columbus, Ga. more »

Janney Pushes Ahead in Southeast

Janney continues to emphasize its focus on the Southeast with the addition of two former Stephens advisors in Columbia, S.C. more »

Hilliard Lyons Adds Two from UBS

Hilliard Lyons continues growth in North Carolina with the addition of two former UBS advisors. more »

Raymond James Hires Ekiert for Mid-Atlantic Region

Sean E. Ekiert has joined Raymond James as a managing director in Richmond, Va. more »

Stifel Expands in Florida with 2 UBS Advisors

Stifel nabbed two UBS advisors and opened a new office in Tampa, Fla. more »

Southwest Securities Names Director of Investment Management Group

The firm appointed Alynn Eubanks, who will be responsible for overseeing the advisory platforms. more »

Janney Hires Pair From Morgan Stanley

Janney has expanded its operations in Washington, D.C. with a two-man team overseeing $142 million in assets. more »

RBC Fined by FINRA Over Broker’s Assurance Lehman Wouldn’t Fail

Royal Bank of Canada was ordered to pay more than $800,000 to a U.S. couple over their losses on investments including Lehman Brothers Holdings Inc. preferred stock. more »

Edward Jones Trains Young Stockbrokers the Old-Fashioned Way

As selling stocks gets tougher, the number of brokers has dropped 12 percent since 2008 to about 363,000 last year. Edward Jones is finding success by sticking to its old ways. more »

RBC Quarterly Profit Rise as Takeovers Lift Results

Royal Bank of Canada said second-quarter profit rose 26% as acquisitions fueled returns. more »