Industry

Updated Thursday, July 24, 2014 as of 8:00 AM ET

Industry

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 »

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Baird Nabs 2 Advisors From Wirehouses

Baird has appointed a director for its Houston market and has picked up another advisor with $350 million in client assets. more »

Management Tip: Is Your Org Chart Helping You Grow?

Increasingly, firms are seeking to move toward an ensemble model to improve flexibility and ease the burden on top advisors. more »

Planner Threatens Suit After CFP Board Order

After being ordered to stop calling his firm fee-only, Rick Kahler claims retribution and threatens a lawsuit. more »

No End to Breakaway Frenzy?

Optimism abounds in an increasingly crowded market for servicing breakaway advisors. more »

Securities America Deal Adds $2.4B in Assets, 268 Advisors

Securities America will acquire assets of a Missouri-based full-service broker-dealer with 368 advisors and $2.4 billion in client assets. more »

Advisor Duo With $200M in AUM Joins Raymond James' Independent Channel

Two financial advisors have left Wells Fargo to join Raymond James Financial Services, the regional's independent broker/dealer. more »

4 Elite IBDs You May Not Know

Despite their smaller size, these boutique IBDs outperform on several desirable metrics. more »

'Profession Concerned About Wrong F-Word,' CFP Board Chairman Says

Fiduciary issues should supersede discussion of fee-only, says CFP Board's Ray Ferrara says. more »

Advisors With $100M AUM Leave UBS For Raymond James

Raymond James has lured away two advisors managing $100 million in client assets from UBS. more »

New Boost for RIA Exam Funding Bill

Rep. Spencer Bachus (Ala.) is the first Republican in Congress to endorse the Investment Adviser Examination Improvement Act. more »

Big Breakaway Team Aims to Take $592M to LPL

Founders of IHT Management hope to create a wirehouse-like alternative to lure other advisors. more »

J.P. Morgan Snags 14 Advisors With Combined $2.5B AUM

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 to Combine Offices

Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer. more »

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