Earnings
Earnings
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Despite losing more than 500 brokers from its headcount in the third quarter, the wirehouse sees strong recruiting momentum in its pipeline.
October 17 -
CEO Jamie Dimon drove the headlines with predictions about the "kind of odd" economy. Meanwhile, the firm's wealth units quietly added hundreds of recruits.
October 14 -
Find all of the figures from Financial Planning's latest annual study of brokerages whose financial advisors aren't employees of the firms.
August 22 -
These are the largest firms with financial advisors who work with broker-dealers but aren't their employees.
August 22 -
Two RIA acquisitions added $7.7 billion in client assets to the Toronto-based firm's U.S. platform in Q2.
August 12 -
Profit plummeted in the second quarter as economic conditions and rising expenses took a toll on the firm's results.
August 8 -
Three new incoming partner firms have brought $9.5 billion in combined client assets and $50 million in annual revenue this year.
August 4 -
CEO Dan Arnold says the firm is eyeing continued records in its headcount, despite the usual dropoff in broker moves during downturns.
August 4 -
Robinhood Markets cut almost a quarter of its workforce in a broad reorganization after a punishing first year as a public company.
August 2 -
The independent hybrid RIA is “one big firm whose business model has changed,” CEO Paul Reilly said on the company’s second-quarter earnings call.
July 28 -
CEO Jim Cracchiolo views incoming advisors as “a continued good opportunity” for the firm, he told analysts on an earnings call.
July 27 -
Lower advisory assets and regulatory matters combined to offset the wirehouse’s rising interest revenue in the second quarter.
July 26 -
CEO Solomon tells an earnings call that the firm will focus on expanding areas such as its RIA custody arm in the future, after two big acquisitions in recent years.
July 20 -
The BNY Mellon subsidiary and another of the megabank’s units are collaborating on a new retirement tool for six million plan participants.
July 19 -
The company’s second-quarter earnings showed a drop in advisors and client assets even as increases in interest rates and loan balances drove profits higher.
July 18 -
In a quarter filled with economic and geopolitical uncertainty, the New York investment firm’s digital consumer bank achieved record-high revenues. Executives have said they plan to drive up revenues in that segment to $4 billion by 2024.
July 18 -
The number of advisors in the bank’s wealth management business hasn’t grown since 2020. But that didn’t stop the firm from banking a few new records.
July 18 -
Firm leaders said the fine relates to broad investigations by the SEC and CFTC regarding employees’ use of unapproved personal devices.
July 15 -
The megabank’s CEO says consumers are “in great shape,” even though many fear a recession is on the horizon like a gathering storm.
July 14 -
There are signs that the firm’s headcount slippage is slowing, but that may account for reduced earnings due to higher compensation costs.
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