Lorie Konish

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.

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.

Raymond James has expanded its practice acquisitions and succession planning department this year as it looks to open up more transition options for advisor force.

Wells Fargo has tapped firm executive Jim Hays to serve as executive vice president and head of wealth brokerage services.

RBC Wealth Management has snapped up a three-member wealth management team from Merrill Lynch in Colorado.

As Merrill Lynch intensifies its hunt to grab top financial advisory talent away from Morgan Stanley, some recruiters say more Morgan Stanley advisors are considering a transition.

Financial advisors and investors should brace themselves for increased market volatility brewing for after the November election as the U.S. heads for tax increases and budget cuts at the end of the year, according to new research from Cetera Financial Group.

Do you know a branch manager who deserves recognition for a job well done? On Wall Street and sponsor New York Life/MainStay Investments are now accepting nominations for the annual branch manager awards honoring the best leaders in the wirehouse and regional wealth management firms.

Two Morgan Stanley financial advisors moved to Wells Fargo's independent brokerage arm in Maryland this week, taking advantage of a career path that one recruiter describes as the best of both the independent and wirehouse channels.

Fewer affluent investors now describe their outlook on investments as conservative, and that optimistic outlook has reached the 18 to 34 age set, according to a survey conducted by Merrill Lynch.

A new arbitration decision holds a lesson for financial advisors: Be careful when you leap.

All indicators are pointing to a slow progress for the U.S. economy following the November election, while the stock market should continue to reap 8% to 9% returns over the course of this decade, one portfolio manager predicted Wednesday.

Even with a forecast for modestly stronger growth for the rest of the year, Barclays still sees a looming fiscal cliff negatively hitting U.S. gross domestic product into 2013.

Bank of America Merrill Lynch has named Morgan Stanley Smith Barney executive Michael Maghini to serve as head of insurance and annuities as the firm looks to capture more of the baby boomer market.

The Financial Industry Regulatory Authority has fined Merrill Lynch $500,000 for failing to file or promptly file certain required disclosures that the independent regulator argues resulted in hidden investment risks and possible harm to investors.

Merrill Lynch Wealth Management has decided to increase its minimum equity trade fees to $75 from $50 following a year of research on how its pricing fits the market.

Even as a new video has brought negative attention to Mitt Romney's campaign, a new poll finds financial advisors still think he's the best pick to lead the country.

Wall Street firms turned out in force Tuesday night to celebrate a political development that for some hit close to home: the one-year anniversary of the repeal of the "Don't ask, don't tell" policy for gays serving in the military.

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.

A Florida federal court rejected Merrill Lynch's petition to vacate an arbitration decision on Monday, clearing the way for two financial advisors to receive a $10.25 million awarded to them in April.