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CEO Jim Cracchiolo acknowledged that the firm attracted fewer experienced reps in the second quarter, even as its headcount ticked up by 2%.
July 27
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A new high in loan volume and a notable influx of advisory AUM drove the wirehouse’s business to more than half a billion dollars in second-quarter net income.
July 20
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Titan plans to challenge Fidelity and BlackRock and attract younger generations to active investing.
July 20
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The deal formally unites Marty Bicknell and Steve Lockshin, two of the biggest names in wealthtech investing.
July 20
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CEO James Gorman says the company has created something new by adding Solium and E-Trade to its existing force of financial advisors.
July 16
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While the bank’s second-quarter earnings disappointed, wealth management services, driven by Merrill Lynch, were a bright spot.
July 15
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Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.
July 15
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Yet there is concern the Delta variant of the coronavirus may spread and spear policy actions that could slow economic growth.
July 15
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Private equity firms are jostling to invest in financial advice firms that they think may become cash cows.
July 14
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The megabank announced second-quarter revenue of $4.1B for the Asset and Wealth Management unit, with net income of $1.2B.
July 14
