BNY Mellon CEO Todd Gibbons says the revenue decline reflects business lost in 2021

Executives of firms like J.P. Morgan, Morgan Stanley and Bank of America benefited from a stronger market in 2021 that increased incentive pay.

Earnings for Merrill Lynch Wealth Management and Private Bank jumped 28% in the quarter.

A drop in non-interest revenue across businesses offset higher income driven in part by Citi’s Personal Banking and Wealth Management division.

Higher interest rates, higher deposit and loan balances drove significant growth for the wirehouse this quarter.

The megabank’s RIA and brokerage segment weathered equity volatility that wiped out $28 billion from the value of client assets in the first quarter.

After ending 2021 with record results, 2022’s first quarter was full of ups and downs.

As CEO Jamie Dimon faced questions about a potential recession, the firm’s wealth management units displayed continuing headcount growth.

The company reported revenue of about $4.7 billion for the three months ended in March, slightly below analyst estimates of about $4.8 billion for the period.

The Swiss lender is looking to boost shareholder returns

The brokerage sustained a net loss of hundreds of brokers last year after a pause in hiring during the coronavirus, according to its annual report.

Eight RIA acquisitions and two minority investments added $49 billion in client assets to the Toronto-based firm’s U.S. platform in Q4.

With a focus on growth and improving advisor satisfaction, Blucora’s wealth management arm saw Q4 improvements

Nearing her first year anniversary at the firm, CEO Natalie Wolfsen said the company’s success wouldn’t be possible without the advisors who power it

Focus Financial Partners saw revenue climb more than 32% in 2021, powered by a flurry of deals and higher wealth management fees.

The shareholder, Engine Capital, is seeking support for former LPL executive Andy Kalbaugh and two other nominees to the board of Blucora.

Net new assets soared in 2021, even though the firm's pandemic-related pause in hiring and training overhaul has trimmed its force of brokers.

The firm’s industry-leading headcount of financial advisors expanded by thousands last year, with more recruits coming in their wake.

The bank plans to let the digital advisor operate as a standalone unit while looking for near-term “easy wins.”

Advisor numbers are up from a year earlier, down from the previous quarter