Mason Braswell | May 21
RBC Wealth Management picked up a former Morgan Stanley broker with $65 million in assets.
Mason Braswell | May 20
Janney has picked up a former Morgan Stanley duo with over $1.5 million in production.
Laura Marcinek | May 15
Sallie Krawcheck, the former senior executive at Bank of America Corp. and Citigroup Inc., agreed to buy 85 Broads, the global network with 30,000 members that promotes women as business leaders.
Mason Braswell | May 14
Baird has bolstered its advisor force with two wirehouse teams with $800 million in assets.
Charles Paikert | May 14
The Securities America move underscored the intensity with which advisory firms are competing for talent, executive search experts said.
Mason Braswell | May 07
Two former branch managers at Raymond James have moved to Stifel and LPL in Austin, Texas.
Mason Braswell | May 07
The St. Louis-based firm, which now has 30 offices, opened its third Florida location with an office in Destin and made inroads into Alabama with a new branch in Birmingham. It also added an advisor to its White Plains, N.Y., and Chattanooga, Tenn., location.
Erik Larson | May 06
Credit Suisse Group AG sued its former vice president of emerging markets, Agostina Pechi, over claims she stole the bank’s trade secrets in a bid to win clients for her new employer, Goldman Sachs Group Inc.
Mason Braswell | May 02
The Louisville, Ky., firm picked up two advisors with a total of $200 million in assets.
Mason Braswell | May 01
The combination will create one of the largest regional brokerages on the West coast.
Mason Braswell | Apr 30
The firm has reorganized its branch leadership with two promotions and a new hire from Morgan Stanley.
Mason Braswell | Apr 29
Ameriprise tapped the four wirehouses and LPL in its latest round of recruiting.
Mason Braswell | Apr 29
The firm raised its annual compensation for top executives citing strong company and wealth management performance.
Mason Braswell | Apr 25
Clients are mad as hell and they're not going to take it anymore … unless the industry makes some changes, Stifel’s top executive told a major industry conference on Thursday.
Mason Braswell | Apr 25
Financial services firms and advisors are relying on new technology and enhanced training to to take a more holistic financial planning approach with clients.
Mason Braswell | Apr 24
Revenue and assets increased year-over-year as the firm began to streamline operations after the Morgan Keegan integration in February.
Mason Braswell | Apr 24
An arbitration panel has ordered Wells Fargo to pay Stifel $800,000 in the latest dispute over alleged raiding of former A.G. Edwards advisors.
Margarida Correia | Apr 24
The unit added about $3 billion in fee-based assets over the past few years, with sales going up about 74%.
Mason Braswell | Apr 23
Stifel has snapped up 11 former Wells Fargo advisors with more than $1 billion in assets.
Mason Braswell | Apr 22
After a strong end to 2012, the firm’s wealth management division continues to push ahead in 2013.
Zeke Faux | Apr 12
Edward Jones uses “questionable telemarketing” tactics to recruit customers, according to New Hampshire regulators.
Mason Braswell | Apr 12
RBC Wealth Management added a branch manager with three decades of experience to its Denver Tech office.
Mason Braswell | Apr 11
After the successful completion of the Morgan Keegan technology integration, the firm is eliminating 160 positions due to overlap in the information technology segment.
Apr 11
The appointment should help enhance equities research offerings for the Private Client Group, the firm said.
Charles Paikert | Apr 05
Cetera Financial Group is growing again.
The broker-dealer network has signed a definitive agreement to acquire Tower Square Securities and Walnut Street Securities from MetLife.
Mason Braswell | Apr 04
Expanding its New England presence, the firm added a three-decade industry veteran in Connecticut.
Mason Braswell | Mar 28
RBC Wealth Management has strengthened its presence in Pittsburgh with the addition of five advisors with $2.8 million in combined production.
Dave Michaels & Zeke Faux | Mar 27
Eight former Morgan Keegan & Co. mutual-fund directors agreed to settle U.S. regulatory claims that they allowed assets backed by subprime mortgages to be overvalued as the housing market collapsed in 2007.
Mason Braswell | Mar 25
The firm has won over a $300 million team from UBS and its 10th recruit so far this year.
Mason Braswell | Mar 22
This latest addition follows RBC’s hiring of four Morgan Stanley advisors to the new San Diego office in November.
Charles Paikert | Mar 21
Despite a rally in the equity markets, February proved to be a lackluster month for Raymond James Financial.
Mason Braswell | Mar 20
Strong recruitment and help from the markets took the firm to new heights.
Mar 18
Scott Curtis, president of Raymond James Financial Services, describes the new model and how it fits into the firm's plans for growth.
Mason Braswell | Mar 18
The firm continues to expand its presence in Florida with the addition of a second Wells Fargo broker.
Charles Paikert | Mar 15
Other advisory services executives may be targeting advisor growth -- but Raymond James Financial Services president Scott Curtis thinks differently about expansion.
Mason Braswell | Mar 13
As baby boomers’ demands change, the industry needs to take a more holistic approach, according to the president of the Ameriprise Personal Advisors Group.
Mason Braswell | Mar 12
The St. Louis firm snapped up a former Morgan Stanley advisor with $114 million in assets.
Lorie Konish | Mar 08
Mitch Cox, head of wealth management in the Americas at Barclays, has left his position to pursue other interests, a spokesperson for the firm confirmed.
Mason Braswell | Mar 07
The firm has promoted Vin Campagnoli to chief information officer as it looks to continue expanding its platforms.
Mason Braswell | Feb 26
A new North Carolina office helps spur the firm’s push into Southeastern markets.
Mason Braswell | Feb 26
Five advisors with a combined $500 million in assets have joined Baird from Morgan Stanley and Wells Fargo.
Mason Braswell | Feb 26
Almost a year after Raymond James purchased Morgan Keegan, the integration has passed its last major milestone, which means the end of the venerable Morgan Keegan brand. The final integration will make Raymond James one of the largest brokerage firms behind the four wirehouses with almost 6,300 advisors in its brokerage, roughly 900 of whom come from Morgan Keegan.
Lorie Konish | Feb 26
Merrill Lynch Wealth Management has lured five advisors with $619 million in assets and about $2.9 million in production in its latest move in the hunt for advisory talent.
Mason Braswell | Feb 22
This year’s top three regional advisors have risen through the ranks through a combination of ambition and diligence. Check out who made the list and what has inspired them.
Mason Braswell | Feb 20
The regional firm expanded its presence in North Carolina with a new office and a $165 million team from Merrill Lynch.
Shelly Sigo | Feb 14
Raymond James Financial plans to drop Morgan Keegan from the name of its fixed income arm later this month.
Mason Braswell | Feb 11
Two former Wells Fargo advisors have joined Baird to help open a new office Merritt Island, Fla.
Mason Braswell | Feb 11
The firm added six advisors and opened a new office in Melbourne, Fla.
Mason Braswell | Feb 08
The boutique wealth management firm has nabbed three advisors with over $400 million in client AUM.
Mason Braswell | Feb 07
Since its last major recruiting announcement in November, the firm has extended the reach of its boutique operation with a new office in Beverly Hills, Calif., and a number of new hires in key metropolitan areas nationally.
Mason Braswell | Feb 06
The firm continues to move past some of the drags on its revenue including a cease and desist order at the banking subsidiary and some challenging economic and recruiting conditions
Mason Braswell | Feb 06
The firm is revving up its recruiting efforts as it eyes a growing market.
Mason Braswell | Feb 04
The firm has picked up a 26-year industry veteran to help grow its practice in Florida.
Margarida Correia | Feb 04
The Naples office of The Private Client Reserve is expanding its services, adding new advisors and relocating to a larger office space in the upscale neighborhood of Mercato.
Feb 01
Stifel Financial Corp. Chief Executive Officer Ron Kruszewski paused in mid-sentence and asked an employee for the list, a chart showing in red which of the St. Louis-based firm’s rivals have closed or sold out...
Margarida Correia | Jan 31
In the fourth quarter, fees and commissions from trust services generated $22.0 million, a 23% increase from $17.9 million a year earlier.
Mason Braswell | Jan 30
For RBC Wealth advisor Samir Murty, number 15 on the Top 40 Under 40 list, providing personal advice requires both an understanding of the numbers and effective communication.
Mason Braswell | Jan 30
The firm has recruited two large wirehouse teams to open a new office in Stuart, Fla.
Mason Braswell | Jan 30
Revenue and earnings rose for the year as the firm reported solid growth in its wealth division.
Margarida Correia | Jan 30
The bank has been investing heavily in the wealth management business in terms of hiring and training staff as well as new technology.
Donald Jay Korn | Jan 29
The advisor population is “stagnant and aging;” older advisors may not relish the hassles of a moving to a new firm. Meanwhile, barriers to entry for new financial advisors remain high–less than 15% of trainees succeed in establishing a viable business.
Mason Braswell | Jan 28
Less than a week after announcing that it had nabbed a trio of Morgan Stanley advisors in Pennsylvania, Raymond James has added another Morgan Stanley team with more than $700,000 in production.
Mason Braswell | Jan 25
Three industry veterans with nearly a million in production have jumped from Morgan Stanley to Raymond James in Newtown, Pa.
Mason Braswell | Jan 23
Revenue and net income rose slightly from last quarter as the Morgan Keegan integration progressed.
Mason Braswell | Jan 20
A former Edward Jones advisor has jumped to Hilliard Lyons in Paducah, Kent.
Margarida Correia | Jan 18
In the fourth quarter of 2012, wealth and investment services earned $7.8 million in non-interest income for the bank, a 36% jump from a year earlier and 9% increase from the previous quarter.
Margarida Correia | Jan 17
U.S. Bancorp’s wealth management and securities services business contributed $41 million to the bank’s bottom line in the fourth quarter of 2012, down $2 million, or 4.7%, from the previous quarter, but unchanged from the same quarter a year earlier.
Mason Braswell | Jan 17
“This is the first significant change to our grid during my almost 20 year tenure at Raymond James,” Tash Elwyn, president of the firm’s Private Client Group, said. “With this new grid we have achieved our goal of continuing to offer a very competitive payout within an environment and culture at Raymond James that’s unique in that we treat our advisors with respect.”
Margarida Correia | Jan 14
One new aspect about the platform is that it incorporates a unified managed account structure.
Mason Braswell | Jan 13
Two former Scott & Stringfellow advisors with $175 million in assets have moved to Hilliard Lyons.
Mason Braswell | Jan 11
Financial advisor Andrew Ryan of Deutsche, who lands at number 28 on this year’s list, says that anticipating volatility while working with his venture capital and private equity clients has been imperative in recent years.
Mason Braswell | Jan 10
A former director of branch business development at Janney Montgomery Scott has moved to City Securities Corporation.
Mason Braswell | Jan 09
RBC has added a group of five former Morgan Stanley advisors with $758 million in combined assets under management.
Mason Braswell | Jan 07
The firm has brought on three legacy A.G. Edwards advisors from Wells Fargo to open its 27th office.
Margaret Talev, Kathleen Hunter and Heidi Przybyla | Dec 31
Senate Minority Leader Mitch McConnell said lawmakers in Congress are “very, very close” to a deal to avert $600 billion in tax increases and spending cuts set to start at midnight.
Mason Braswell | Dec 27
Small and mid-sized firms look to maintain momentum from 2012 by offering more services and leveraging social media.
Margarida Correia | Dec 27
“My number one objective is to grow revenues from the private bank and help to make it an even greater contributor to the growth of Webster Bank,” said Daniel FitzPatrick, the new head of the business.
Mason Braswell | Dec 17
Barclays has brought on directors in New York and San Francisco.
Mason Braswell | Dec 14
Three industry veterans with 80 years combined experience have joined Raymond James in Fort Lauderdale, Fla.
Mason Braswell | Dec 12
Many Americans are in the dark about stock market performance in 2012, according to an Edward Jones survey.
Kenneth Corbin | Dec 10
The Securities and Exchange Commission has initiated cease-and-desist proceedings against the former board members of five registered investment firms, alleging that they failed to maintain appropriate fair-market valuations of debt securities that comprised a substantial portion of the companies' portfolio.
Mason Braswell | Dec 10
Baird's director of estate planning reminds clients that just because they can make large tax-free gifts this year, doesn’t mean they should.
Doug Alexander | Nov 30
Royal Bank of Canada, the first Canadian lender to report fourth-quarter results, said profit rose 22 percent on higher trading and investment-banking fees, beating analysts’ estimates.
Heidi Przybyla and Roxana Tiron | Nov 29
Treasury Secretary Timothy Geithner offered Republican House Speaker John Boehner a proposal to avert an end-of-the-year fiscal cliff that would trade $1.6 trillion in tax increases for $400 billion in unspecified entitlement program cuts, a Republican aide said.
Mason Braswell | Nov 28
An industry veteran with over three decades of experience, John Dorsey will open a new branch office in W.V.
Mason Braswell | Nov 28
Long-time advisors Bill Duncan and Ziv Ohel joined Ameriprise in Deerfield, Ill.
David Beasley and Christie Smythe | Nov 26
Morgan Keegan & Co. is going to trial before a judge whose decision to throw out regulators’ claims the retail brokerage misled thousands of investors about the risks of auction-rate securities was reversed on appeal.
Lorie Konish | Nov 20
Robert W. Baird & Co. has hired veteran financial advisor Baron C. Becker from Morgan Stanley Wealth Management in Portland, Maine.
Lorie Konish | Nov 19
Wells Fargo has extended its summer hiring spree with 24 new financial advisor hires managing a total of $2.2 billion in assets.
Mason Braswell | Nov 14
The firm has added a team with over $500 million in production to its southern California offices.
Mason Braswell | Nov 12
A career advisor with three-and-a-half decades of experience, Karl Rothermund has left Morgan Stanley for Raymond James in Scottsdale, Ariz.
Mason Braswell | Nov 08
The firm has hired Harold Langer, a three-decade industry veteran, to be senior vice president at the Tucson branch.
Mason Braswell | Nov 06
After a $1.9 million loss in the fourth quarter, Southwest Securities' retail group reeled in a $319,000 profit for the first quarter of its fiscal year.
Mason Braswell | Nov 06
Industry veteran Nicolas Seigal joins RBC’s international wealth unit as branch manager in Miami.
Mason Braswell | Nov 05
Net income in Stifel’s wealth management division rose almost a quarter from last year as the firm announced it had purchased KBW for $575 million.
Lorie Konish | Nov 05
The new hires join eight of Barclays’ offices in the U.S. from firms including Bank of America Merrill Lynch, Credit Suisse, J.P. Morgan Private Bank, Morgan Stanley Wealth Management, SunTrust Investment Services and UBS Financial Services.
Donald Jay Korn | Nov 01
HighTower has gotten a big boost by working with independents. Can it keep up the momentum?
Mason Braswell | Oct 30
The firm has focused on making sure that its advisors in impacted areas are able to continue functioning normally.
Mason Braswell | Oct 29
As Hurricane Sandy moves in on the Northeast, firms such as Philadelphia-based Janney Montgomery Scott implement contingency plans to help advisors and clients.
Mason Braswell | Oct 26
Two investment teams from Merrill Lyncch have joined RBC's Leadwood, Kan., office.
Mason Braswell | Oct 25
Picked up in a renewed focus on recruiting, Mark Teed joins Raymond James in Massachusetts.
Mason Braswell | Oct 25
A three-decade industry vet, David Upin, joins as senior vice president in Minneapolis.
Mason Braswell | Oct 25
At Raymond James, costs from the Morgan Keegan integration caused profits to decline in the fourth quarter.
Mason Braswell | Oct 25
Although profits fell firm-wide, Ameriprise Financial’s Advice and Wealth Management segment posted a number of improvements across the board in the third quarter.
Edvard Pettersson | Oct 24
Morgan Keegan & Co., the brokerage firm acquired by Raymond James Financial Inc., was ordered by a federal appeals court to pay a group of 18 investors a $9.2 million arbitration award.
Margarida Correia | Oct 24
Almost one in two consumers (47%) say they keep the majority of their assets with banks, up from 44% in 2011. Self-directed firms and full-service brokers, in contrast, had only 28% and 15% of the market, respectively.
Mason Braswell | Oct 24
Orion’s accounting and performance review software provides SWS advisors with performance dashboard.
Lorie Konish | Oct 23
Raymond James Executive Chairman Thomas James said he is optimistic that the financial services industry can work more closely with regulators, even as evolving regulations such as a uniform fiduciary standard and the Volcker Rule have started off with the wrong approach.
Mason Braswell | Oct 22
With 30 years industry experience, Robert Bernardin joins Hilliard Lyons as a senior vice president in Indiana.
Mason Braswell | Oct 19
Janney Montgomery Scott recruited a 12-person team led by Kevin Roche and Jeff Miller to help expand its structured product offerings.
Doug Alexander | Oct 18
Royal Bank of Canada will probably miss its 2015 target of C$2 billion ($2 billion) in annual earnings from asset management because of low interest rates, executive George Lewis said.
Lee Conrad | Oct 17
The regional bank plans to substantially strengthen its western footprint with new advisors in Oregon, Washington, California and Nevada.
Mason Braswell | Oct 16
Janney’s 32nd hire in their private client group this year, George Keith will be complex manager in Darien, Conn.
Oct 16
Seven advisors have joined Baird’s wealth management group in Texas, Maryland and Nebraska in a late summer round of recruiting.
Mason Braswell | Oct 15
Southwest Securities has hired J.C. Graham as part of its latest recruitment campaign.
Lorie Konish | Oct 12
As Raymond James Financial Chief Executive Paul Reilly looks to the future, he sees more diversity in the firm’s workforce, particularly when it comes to female and younger financial advisors.
Lorie Konish | Oct 12
Raymond James’ acquisition of Morgan Keegan this year has injected an unprecedented number of new financial advisors into the firm’s ranks, while it continues to see interest from high profile prospective recruits from rival wealth management firms, according to Dennis Zank, chief operating officer at Raymond James.
Mason Braswell | Oct 09
A four-man team, the Nierling Investment Group, has joined RBC in Dallas, Texas.
Mason Braswell | Oct 05
Scott & Stringfellow has brought on three former Wells Fargo advisors to join its Charlotte office.
Mason Braswell | Oct 05
RBC has pulled an industry veteran from UBS to fill the position of branch director of its Burlington offices.
Oct 03
Fed up with changes in infrastructure, two veterans with more than two decades at Morgan Stanley move to Ameriprise.
Lorie Konish | Oct 03
RBC Wealth Management has snapped up a three-member wealth management team from Merrill Lynch in Colorado.
Mason Braswell | Oct 03
The firm has shuffled leadership in the Southeast to accommodate a new regional manager and additional recruits.
Mason Braswell | Oct 02
Following an annual review, the Minneapolis, Minn.-based firm is rolling out several changes in its payout structure as it moves away from a deferred compensation contribution model.
Janice Fioravante | Oct 01
For planners who specialize in assisting members of the military, the job often feels like a calling.
Mason Braswell | Oct 01
To attract clients, brokerage firms should be offering a mix of in-person as well as online, self-directed investing and retirement planning options, according to a recent report by Aite group.
Mason Braswell | Sep 28
As part of a study into conflicts of interest at broker-dealers, regulators concluded that confidential information should be better protected.
Mason Braswell | Sep 24
JHS Capital Advisors opens a new office with Mark Hennings as Branch Manager and advisor
Elizabeth Wine | Sep 23
After the shock of 2008, investors had a generally sunny outlook: they were satisfied with their portfolios and their advisors and the firms that employed them. But that is no longer the case.
Mason Braswell | Sep 21
The firm has poached two industry veterans from HSBC and Barclays as it looks to expand.
Mason Braswell | Sep 19
Scott & Stringfellow is looking to leverage its role as the brokerage for BB&T to help build out new offices in Florida and Maryland.
Mason Braswell | Sep 18
The firm's recent hire of Tina Huyler from Morgan Stanley Smith Barney marks one of the first in a long-term effort to aggressively increase its advisor headcount.
Mason Braswell | Sep 18
The firm has expanded its Denver office with the addition of industry veteran Tina Huyler.
Lorie Konish | Sep 18
Robert W. Baird & Co. has hired R. Parker Griffith from Morgan Stanley Smith Barney to manage its Nashville wealth management office and serve as financial advisor.
Lorie Konish | Sep 17
Deutsche Bank has unveiled a new executive committee for its newly formed Asset & Wealth Management division, with division head Michele Faissola serving as chairman.
Mason Braswell | Sep 14
With all the economic uncertainty many clients may be dissatisfied and primed for switching to advisors who can relate to them on a personal level.
Mason Braswell | Sep 14
RBC's American wealth management unit is pushing ahead with a stronger emphasis on fee-based business, an increased focus on ultra-wealthy clients and a more aggressive campaign for its brand, according to George Lewis, group head of RBC Global Wealth Management.
Lorie Konish | Sep 14
A group of family trusts has lost a $7.56 million arbitration claim that highlights the difficulties of winning individual claims tied to various Morgan Keegan funds that have fallen under regulatory scrutiny.
Mason Braswell | Sep 12
Looking to bolster its wealth management division, the bank has tapped Steve Sokic to lead the ultra-high net worth, trust, fiduciary and tax divisions.
Sep 10
A spate of new hires from Wells Fargo accompanies the opening of Benjamin Edward's 26th office in Northfield, N.J.
Mason Braswell | Sep 10
The Kentucky-based firm has hired a former Merrill Lynch advisor with $29 million in AUM.
Mason Braswell | Sep 06
Despite a tough third quarter, RBC Wealth Management is doubling down and investing in an ambitious growth strategy as it looks to come out ahead post-crisis.
Matt Ackermann | Sep 06
Robert Ceccarelli and John Hursh collectively manage more than $148 million in assets and produce nearly $1 million in revenue. They will join Ameriprise's employee advisor channel and be located in the New Haven, Conn.
Mason Braswell | Sep 05
After a decline in advisor headcount and legal expenses hurt revenue, the firm continues to invest in efforts to expand its retail brokerage unit.
Frances McMorris | Sep 05
The Robinson Reuter Group brings $250 million in assets under management to RBC's La Jolla, Calif., office.
Zeke Faux | Sep 05
Barclays Plc recruited a team for its wealth and investment management division from Morgan Stanley Smith Barney that includes former New York Jets wide receiver Wayne Chrebet.
Mason Braswell | Sep 04
Benjamin F. Edwards has opened a new Kansas office staffed with four former Wells Fargo advisors.
Joe Adler | Sep 04
Programs to strengthen bank liquidity, facilitate credit and buy mortgages were good moves, though it is hard to say how much worse things would have been in their absence, Federal Reserve Board Chairman Ben Bernanke said at the Jackson Hole summit.
Mason Braswell | Aug 30
After founding his own financial planning practice in 1983, Thomas Morrison has rolled up his firm, Morrison Financial Services, this year and joined St. Louis-based Benjamin F. Edwards as vice president-investments.
Mason Braswell | Aug 30
Despite record income for the whole company, RBC's wealth management division reported a significant drop in revenue and net income.
