The firm followed rival wirehouses that no longer share their exact number of brokers, which is a critical metric for industry recruiting trends.

Though revenue growth remains a challenge, Citigroup is still committed to its global wealth management expansion plan, CEO Jane Fraser said Friday. Andy Sieg is joining the bank from Merrill Lynch in September as head of global wealth management.

The megabank had another productive recruiting quarter in its wealth units, as it reported record first-quarter revenue Friday.

The private equity-backed independent wealth management firm's liabilities have surged by 87%, but Moody's expects its leverage to fall this year.

Managing partner Penny Pennington received lower pay last year due to the declining business.

The ratings agency said the firm's leverage, which is poised to spike from the acquisition, will ultimately decrease this year due to profits from rising interest rates.

While income saw a massive increase, platform assets were down year over year for the California TAMP.

The company that provides services to 106,000 posted financial results that were a mixed bag of big-picture wins and notable setbacks.

An expanded base of partner RIAs fueled soaring net income and rising debt for the publicly traded aggregator, which is expected to go private at $4.1 billion.

The largest independent broker-dealer is also "on a journey" to reach more high net worth clients through new tools under development, CEO Dan Arnold said.

With another potential private equity transaction, the RIA aggregator would make the opposite of the move it made only four years ago.

CEO Ralph Hamers said in an earnings call Tuesday that despite a flat headcount over the past quarter, advisor productivity remained high as the wealth unit brought in $23 billion of net new assets.

As thousands of advisors prepare to join the Schwab family later this year, officials want to remind them exactly what they stand for.

Goldman Sachs Group cut Chief Executive David Solomon's compensation by about 30% to $25 million for 2022, a year in which the share price and profit tumbled and the firm retreated from a highly public effort to create a consumer bank.

The large brokerage reported record results for its wealth management business as it waits to bring several more financial advisors on board.

Despite tough economic conditions for most of 2022, the company reeled in a record inflow of client assets.

The firm is undervalued by the stock market when compared to "two high-quality peers" in Raymond James and Morgan Stanley, its CEO said.

The smaller shrinking of the wirehouse's headcount in 2023 underscored a successful year of growth for the megabank's wealth arm.

Despite the impact of slumping stocks and reports of job cuts at its parent firm, rising interest rates boosted the giant custodian's business in 2022.

The wirehouse said it was on track to achieve $10 trillion in AUM in the next several years and expected the most growth to come from its corporate retirement channel.