Finance

As revenues fell for other companies, Raymond James' earnings reached new heights — including for its wealth management division.

The company enjoyed "another strong quarter overall, led by continued growth of our wealth management business," CEO Jim Cracchiolo said.

In the second quarter of 2023, Stifel's profits were down from last year — except for its Global Wealth Management unit, which saw record growth.

Naratil thinks Lightyear Capital can offer the capital and expertise firms need on their way to IPOs.

In an interview, Chairman David Karr discussed the firm's financial advisor training and recruiting approach and embrace of "supported independence."

Advisors identified the SEC's new marketing rule as the "hottest" regulatory topic for the third year in a row.

Family offices have joined strategic buyers and private equity companies in competing for M&A deals.

The Wall Street giant struggles amid plans to rely less on its own balance sheet and more on fees from managing others' investments.

BNY Mellon's chief financial officer said that the custodian nonetheless has some "quite exciting" announcements in the works for later this year.

Innovator Equity Defined Protection ETF offers guarantee against losses but also places limit on gains.