Agency secures $4 billion in penalties; expert says: make sure that you have a robust and dynamic compliance program.
Stifel Financial brings in a veteran Morgan Stanley advisor for a newly created client office in West Chester, Pa.
Waddell & Reed picked up an advisor from rival Edward Jones.
Female advisors from Raymond James' Private Client Group got a mix of planning tips, technology tricks, strategic advice and female empowerment.
A Morgan Stanley advisor duo with $213 million in AUM has left the wirehouse to join RBC Wealth Management.
Raymond James reshuffles its divisions, leading to several management appointments.
A UBS advisor managing $108 million in assets has left the wirehouse to join rival firm Merrill Lynch.
On Wall Street has dropped its minimum AUM for its annual ranking of the top 40 advisors under age 40. Who will it be this year?
Advisor Jo Ellen Fisher, who allegedly stole nearly $1 million from a 95-year-old client, is barred from the industry and has been sued by her former employer.
Raymond James & Associates recruited a wirehouse advisor who generated over $1 million in revenue, managing more than $120 million in assets.
Wunderlich Securities is growing, picking up Dominick & Dominick, a New York-based brokerage firm with a long history on Wall Street.
D.A. Davidson Companies announced that Jim Kerr would replace Bill Johnstone as CEO effective January 2015.
FINRA has issued a long-awaited regulatory notice outlining the proposal for a controversial data-sharing system known as CARDS, asking for comments from the industry and other stakeholders.
At an advisor summit, the industry group urges members to reach out individually to lawmakers to fight regulatory plans.
Raymond James' annual Women's Symposium, to be held Oct. 8, is due to feature leading women in the financial services industry, including Sallie Krawcheck.
Four Wells Fargo advisors have left the wirehouse to join Benjamin Edwards, opening the regional broker-dealer's 49th office.
Raymond James has landed a former UBS advisor with more than $125 million in client assets and more than $800,000 in annual fees and commissions.
Consumer and industry advocates are criticizing FINRA over its alternative to a proposal that would have required recruiting firms to disclose advisor compensation incentives to clients when moving between brokerages.
Washington Wealth crests $1 billion in AUM by adding Martucci Adams Wealth Advisors of Salt Lake City.
Wealth management firms look to grow the bottom line out West. "Everybody is trying to get bigger in the marketplace. And those who aren't present here want to enhance their presence," says Bill Willis, a Los Angeles-based recruiter.
Janney Montgomery Scott replaces wealth management products chief David Penn, as he steps down to become a financial advisor.
A Merrill Lynch advisor managing $230 million in assets has left the wirehouse to join RBC Wealth Management.
In a two-week period, Ameriprise has recruited five advisors managing more than $600 million.
Baird picked up a branch manager from Wells Fargo and a regional advisor managing about $150 million in assets.
Regional broker-dealer Janney Montgomery Scott recruited an advisor who managed $115 million in assets and generated about $1.3 million in annual revenue.
As people live longer lives, clients are ever more worried about outliving their assets. Advisors are helping them stay calm about maintaining their lifestyles in retirement.
A former Stifel advisor joins Janney Montgomery Scott's private client group.
A Wells Fargo advisor managing $115 million in assets has left the wirehouse for Raymond James & Associates.
Raymond James recruited a former Merrill Lynch executive to head one its newest branch offices.
Q&A with Benjamin F. "Tad" Edwards IV, CEO and President of Benjamin F. Edwards & Co., on how he built up his firm to have 180 advisors in 24 states.
Regional firm Benjamin F. Edwards picked up a Wells Fargo advisor team.
A Raymond James advisor has left the firm to join U.S. Capital Advisors, a small regional wealth management firm experiencing rapid growth.
Federal Reserve Bank of Boston President Eric Rosengren said brokerage regulation needs a major re-examination to prevent funding shortfalls during a crisis and that brokers should have higher capital requirements.
Stifel Nicolaus picked up a Baird advisor managing over $170 million in assets.
Ameriprise had a busy recruiting month in July, adding four advisors managing over $350 in assets to its franchise channel.
In an exclusive interview, Tash Elwyn, president of Raymond James & Associates, explains why the firm is enjoying recruiting success and where its future growth will come from.
Raymond James has picked up a UBS advisor team that had annual fees and commissions of about $1.9 million.
Wunderlich Securities picked up an advisor with $70 million in client assets from Raymond James & Associates.
Raymond James is launching a new education campaign to arm the firm's advisors with tools and techniques based on research from MIT's AgeLab.
As the firm pursues growth, Raymond James executives are striving to maintain its intimate feel and regional firm culture.
Record quarterly profits of $122.7 million were boosted in part by the performance of the regional firm's private client group.
Midwest assistant regional director Matt Ransom has been promoted to vice president of new financial advisor training and development for its HNW education and practice management team.
Raymond James has lured away two advisors managing $100 million in client assets from UBS.
Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer.
Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states.
D.A. Davidson gets a facelift as the regional firm nears its 80th anniversary and enters a new period of growth.
Raymond James & Associates lured away a UBS advisor team managing $575 million in assets.
With the acquisition of broker-dealer McAdams Wright Ragen complete, Baird has grown to more than 800 advisors and $125 billion in assets.
Ameriprise enticed away a Morgan Stanley advisor who generated $1 million in annual revenue, according to a spokesman for the regional broker-dealer.
OnWallStreet's annual ranking of top wirehouses and regional broker-dealer firms in the employee advisory channel gives an encouraging snapshot of the wealth management industry. This years analysis from surveys and both corporate and public filings shows growth across the board.
OnWallStreet's annual ranking of the wealth management industry's top wirehouses and regional broker-dealers shows continued growth at these firms but they still face challenges growing their business. See which firms ranked highest and how the industry's leaders plan to stay on top.
For clients, is one type of firm, business model or fee structure better than another?
Clarity in strategic vision and compensation boosts advisor satisfaction, according to a new J.D. Power & Associates study.
Father-and-son advisor team managing more than $200 million in assets left Sterne Agee for Raymond James.
A Stifel advisor team that managed almost $200 million in assets has left the firm to join Raymond James & Associates.
An advisor team managing more than $170 million in client assets has left UBS to join Stifel, Nicolaus.
Sterne Agee Group's former chief executive officer faces a U.S. probe into whether he misused company assets such as airplanes, boats, hunting clubs and condominiums, a person with knowledge of the matter said.
Two former RBC advisors managing about $230 million in combined assets jumped to Baird.
A trio of former Raymond James advisors has moved to Stifel, Nicolaus, the traditional employee broker-dealer of Stifel Financial.
A UBS advisor team managing $430 million in assets has left the wirehouse to join regional broker-dealer First Kentucky Securities.
A former UBS Advisor with more than $130 million in assets and $1.2 million in annual production made a move to RBC Wealth Management-U.S.
UBS, Switzerland's biggest bank, leapfrogged Morgan Stanley and Bank of America to become the world's largest wealth manager by client assets, according to a ranking compiled by PAM Insight SA.
RBC Wealth Management-U.S. has recruited a former Morgan Stanley executive director to help with the firm's growth plans.
U.S. Capital Advisors, a small regional firm in Texas, has recruited five former UBS and J.P. Morgan advisors who managed more than $500 million in combined client assets.
Regional wealth manager D.A. Davidson is launching a new training program aimed at bringing recent college graduates into the financial advisor profession.
A former J.P Morgan advisor team that managed $1.5 billion in client assets has left the firm to join Wells Fargo Advisors.
Two former UBS advisors are moving over to Stifel.
Across the industry, branch management faces increasing demands and fewer resources to mentor and recruit advsiors. Firms like Wells Fargo, Raymond James and Merrill Lynch are taking steps to provide relief.
On Wall Street unveils the top ten branch managers of the year.
Raymond James & Associates lured away an advisor team from Wells Fargo Advisors that generated annual revenue of about $2 million.
Benjamin F. Edwards snapped up four advisors from Wells Fargo and opened a new office in Pensacola, Fla.
Two Merrill Lynch veterans who generated about $1.6 million have left the wirehouse for Raymond James & Associates.
Raymond James has recruited a veteran advisor from Morgan Stanley where he managed more than $360 million.
Stifel, Nicolaus & Company picked up two wirehouse teams that managed more than $1 billion in combined AUM, boosting the St. Louis-based firm's presence in the Carolinas to 18 offices from 15.
Two former wirehouse advisors that managed more than $80 million in client assets have left Wells Fargo to join Raymond James & Associates, the firm's traditional employee/broker-dealer.
A former wirehouse advisor team with $350 million in assets has left Wells Fargo to join RBC Wealth Management-U.S.
Raymond James Financial reported that net income was up 33%, boosted by record private client group revenue.
John Taft, CEO of RBC Wealth Management-U.S., shares his insight on upcoming regulatory changes, an ever-more complex marketplace and leadership.
Janney Montgomery Scott recruited an advisor team with $1.7 million in annual revenue from Barclays.
Baird is merging with McAdams Wright Ragen, a wealth management firm based in Seattle that oversees more than $10 billion in client assets, according to the companies.
Advisor group Cohen Financial Management has joined Raymond James Financial from J.P. Morgan Securities, where the team generated annual revenues in excess of $4.2 million.
Baird reported record revenues for 2013, and added a former-Wells Fargo advisor as branch manager for its Charleston, S.C. office, marking its twelfth recruitment so far this year.
RBC Wealth Management has recruited an advisor specializing in global high-net-worth clients with $2 million in production.
Benjamin Edwards is luring away talent from Wells Fargo, boosting its presence in the Midwest and New England.
A former Baird advisor won an arbitration case against his old employer, resulting in a FINRA arbitration panel awarding him $170,000 in damages for defamation.
Raymond James is recruiting the industry's top talent at the expense of the wirehouses.
Janney Montgomery Scott recruited a veteran Merrill Lynch advisor with $1 million in production.
The firm continues its recruiting bonanza with the addition of an advisor-team from Morgan Stanley with more than $1.3 million in production.
RBC Wealth Management is adding new names to its top executive team, announcing a new head of International Wealth-USA.
Raymond James has done it again. The firm has stolen away a Merrill Lynch advisor-team with $200 million in assets under management, marking its sixth major recruitment win in the past two weeks.
Raymond James appointed a new COO for its Private Client Group as well as a replacement North Atlantic regional director.
The firm grabbed a team with $2.5 million in production for its independent broker-dealer channel.
Raymond James is on a recruiting spree, poaching million-dollar teams from Merrill Lynch and Wells Fargo, and now grabbing a UBS team with $1.9 million in production for the company's Charlotte, N.C., office.
Raymond James enticed away an advisor with $2.2 million in production as well as several associates from Merrill Lynch for its Cincinnati office.
That makes for two big recruits in two days. A day after announcing the addition of a $1 million team from Wells Fargo, the firm has landed a second million-dollar team.
The firm has enticed away an advisor team with $1 million in production from Wells Fargo for its Bartlett, Ill., office.
With the advisor population aging and looking to retire, more wealth management firms are stepping up their efforts to recruit and train a new generation of advisors.
The company reports asset and revenue growth but "regrettable" advisor attrition.
The firm has landed an advisor team with $225 million in assets under management from Morgan Stanley.
RBC Wealth Management is expanding its presence in Texas. The Minneapolis-based broker-dealer has added six veteran financial advisors from Morgan Stanley to its office in Austin, Texas.
Ameriprise reported strong earnings boosted by robust growth from the firm's wealth management unit.
Raymond James & Associates' branch manager of the year has grown his complex's annual revenue to $32 million from $4 million and boosted client assets to $5 billion.
Raymond James Financial reported strong profits for the first quarter, with growth led by the companys asset management and private client group divisions.
Assets managed by dually registered advisors are growing faster than any other channel -- underscoring the industry's "slow but steady migration" toward independent models, according to new research from Cerulli.
Raymond James' Global Private Client Group CEO Chet Helck is retiring after a 25-year career with the firm.
FINRA alleges that the firms' advisors sold two types of highly risky ETFs that even they didn't understand.
Improvements will be slight and reserved for banks that are able to take advantage of a recovering economy and more consolidation.
Senior financial services executives said the industry needed to move more quickly to promote diversity and inclusion throughout the organization.
The answer rests not with the firms but with advisors themselves, says James Kerr, president of Davidson Companies.
As he oversees the growth of the Raymond James & Associate's private client group, Tash Elwyn talks about how he maintains the regional charm.
Edward Jones managing partner Jim Weddle discusses his strategies for bringing in new business at the firm.
The firms advice and wealth management division accounted for almost 40% of firm-wide profit.
Raymond James Financial, the brokerage that acquired Morgan Keegan & Co. from Regions Financial last year, posted a quarterly profit that rose 41 percent on a one-time tax benefit.
Morgan Stanley picked up two former UBS advisors with a combined $3 million in production.