Updated Thursday, July 24, 2014 as of 8:00 AM ET
Raymond James Financial's Profits Balloon 46%
NASHVILLE, Tenn. Raymond James Financial's profits soared 46% on the back of strong growth from the firm's private client group.
The regional broker-dealer's profits hit a record $122.7 million for the third quarter, up from $83 million for the same period a year ago. Diluted earnings-per-share for the quarter rose to 85 cents from 59 cents.   more »
More in Industry
Baird has appointed a director for its Houston market and has picked up another advisor with $350 million in client assets. more »
Increasingly, firms are seeking to move toward an ensemble model to improve flexibility and ease the burden on top advisors. more »
After being ordered to stop calling his firm fee-only, Rick Kahler claims retribution and threatens a lawsuit. more »
Optimism abounds in an increasingly crowded market for servicing breakaway advisors. more »
Securities America will acquire assets of a Missouri-based full-service broker-dealer with 368 advisors and $2.4 billion in client assets. more »
Two financial advisors have left Wells Fargo to join Raymond James Financial Services, the regional's independent broker/dealer. more »
Despite their smaller size, these boutique IBDs outperform on several desirable metrics. more »
Fiduciary issues should supersede discussion of fee-only, says CFP Board's Ray Ferrara says. more »
Raymond James has lured away two advisors managing $100 million in client assets from UBS. more »
Rep. Spencer Bachus (Ala.) is the first Republican in Congress to endorse the Investment Adviser Examination Improvement Act. more »
Founders of IHT Management hope to create a wirehouse-like alternative to lure other advisors. more »
J.P. Morgan enticed advisors from competitors, including Morgan Stanley, Merrill Lynch and Wells Fargo, in a half dozen markets to fuel its nationwide expansion of wealth management. more »
Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer. more »
Lists
2014 Summer Reading List for Advisors

Current Issue

The July Issue is now online!


TWITTER
FACEBOOK
LINKEDIN

Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here