The firm also said it has benefited from low attrition and its training program.

The firm's headcount has steadily declined since the bogus account scandal came to light last year.

Second-quarter revenue climbed 9% year-over-year even as the number of advisers dropped by 6%.

The wirehouse’s pre-tax earnings jumped 42% year-over-year despite losing 176 advisers in that time.

Dan Arnold expects that upheaval to lead to more movement of advisers and assets.

The firm's Private Client Group saw pretax profits drop to $29 million from $83 million for the year-ago period.

The firm's adviser headcount slipped 98 year-over-year.

The firm reported record revenues, net income and client assets for the first quarter.

First-quarter profits jumped almost 40% on $577 million in revenue.

Some brokers who recently left the wirehouse cited differences over its policy to cease offering commission-based retirement accounts.

While first-quarter revenue from insurance services fell 7.5% year-over-year, the overall wealth management business still managed to come out ahead.

The Buffalo-based institution generated $120 million in first-quarter revenue from trust services, up 8% year-over-year.

First-quarter revenue jumped 9% year-over-year even as the number of advisers fell by 10%.

Net income and client assets grew even as the firms' headcount continued its steady decline.

The last time the pool was smaller was in 2012, when it decided to cut large parts of the investment bank and was fined for trying to rig global interest rates.

The nation's largest IBD vows to take a “proactive approach” to the fiduciary rule.

CEO Jim Cracchiolo said the firm's efforts won't go to waste should the rule be overturned.

Ronald Kruszewski says a shift in the size of transition packages, made in response to the fiduciary rule, "benefits us competitively."

The wirehouse also reported record revenue of over $2 billion for the recent quarter.

The firm is preparing for the fiduciary rule and contesting a lawsuit alleging that Raymond James allowed a $350 million fraud to be perpetuated.