The group was responsible for about $425 million in client assets.
The wealth management industry has long been characterized by a lack of diversity. After the success of Raymond James' Women Advisors Network, though, a group of advisors and branch managers at the firm has launched a Black Financial Advisors Network.
Four investments clients can make completely tax-free; Plus, how the mega-rich avoid paying taxes.
Consider every encounter at work and in your community an opportunity to create a positive reputation for your business.
Gen Xers can save in their 401(k) plans for a longer period of time compared with baby boomers, and can expect higher tax-deferred investment growth; Plus, the best and worst states for retirement.
CEOs, when questioned in recent earnings calls, offered first impressions of the impacts the proposal may have on the industry.
With college costs soaring, clients may want to help pay for a family member's education. Watch for these trouble spots.
The company's Private Client Group reported a 2% decline in quarterly profits as the firm continued to ramp up its advisor recruiting.
Recruits from Edward Jones, Morgan Stanley and Barclays leave for the wirehouse.
The association of state securities regulators has proposed a rule that would compel advisors to maintain formal business-continuity and succession plans.
Advisors who are helping clients prepare themselves financially for retirement are only doing part of the job needed.
The settlement brings the total global fines for the scandal to about $9 billion, paid by a dozen firms. UBS paid $1.5 billion in 2012.
The firm's wealth management division also reported that pretax operating earnings rose 16% from a year ago.
The wirehouse picked up the Blaustein Clancy Financial Group in New York.
Both wealth managers, who left UBS, also had a combined $289 million in client assets before making the move, RBC said.
Target date funds charge higher fees and don't perform well during a financial crisis; Plus, three great freebies for retirees.
American workers and retirees are expressing higher confidence about their ability to afford retirement this year, even though there is little sign they are taking the necessary steps to achieve that goal, according to a new survey.
One of the advisors managed about $200 million in client assets while working for the wirehouse. The other joins a $500 million team at Janney, the firm said.
Bank holding companies generated $143.2 billion in wealth management income, up 6.5% from 2013 and the most they've ever produced since the data started to be tracked in 2007.
"We're betting on financial advisors and personalized financial advice delivered by people," says RJFS President Scott Curtis.