Industry

Two wirehouse advisors generating $1.3 million in annual revenues joined RBC Wealth Management.

"The prospects for organic growth for RIAs and IBDs have never been greater. We expect to see more lift-out and advisors turning independent activity in 2015," says Liz Nesvold, managing partner of New York-based investment banker Silver Lane.

The regional broker-dealer lands three new recruits for its employee channel, including one who managed more than $100 million AUM.

The asset management firm made the new hires during a recruiting push in the last quarter.

Two Merrill Lynch advisors left the wirehouse for independent firm Snowden Lane Partners.

To create this ranking, we took our RIA Leaders list of the top fee-only independent RIAs, then calculated the average client account size. The results were illuminating.

Royal Bank of Canada sold its U.S. retail bank a few years ago to PNC. The company is back with a targeted play: City National, a Los Angeles bank that has built its business targeting the rich and working with Hollywood.

An advisor at RBC has been promoted and will oversee six wealth managers.

When does it make sense to buy your list of clients? Attorney Alan Foxman explains.

The advisor community is misinformed in thinking this generation doesn't have wealth yet, says TD Ameritrade's George Tamer.