Industry

Wells Fargo's second quarter profits rose to $5.7 billion, buoyed in part by a roughly 25% increase in profits at the San Francisco bank's wealth, brokerage and retirement unit.

Raymond James & Associates lured away a UBS advisor team managing $575 million in assets.

Many independent advisors say they consider themselves fiduciaries, even if they aren’t legally obligated to adhere to that standard of care. So why are so many opposed to the DoL's expected proposal?

Deutsche Bank's asset and wealth management unit is in growth mode in the U.S., hiring a string of managers and advisors.

While equity market performance has helped, RIA firms are also demonstrating smarter company strategy, a recent Charles Schwab study finds.

Four advisors were lured away from UBS in a sweeping recruitment move by Wells Fargo Financial Network, while four other advisors joined Wells Fargo Advisors.

Dalton Strategic Investment Services, a smaller broker-dealer firm with almost $1 billion in client assets, has joined Securities America as a super-OSJ.

Roughly three in four advisors said they were likely to seek out additional support, content or tools related to Social Security in the next year.

Deutsche Bank, Germany’s largest lender, is relying on its money-management businesses to bolster growth, said Michele Faissola, the unit’s head.

With the acquisition of broker-dealer McAdams Wright Ragen complete, Baird has grown to more than 800 advisors and $125 billion in assets.