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Like other wealth managers that have ceased reporting advisor numbers every quarter, Raymond James says the figures have lost meaning.
January 29 -
Stifel chief executive Ron Kruszewski said surging markets have forced firms to be particularly choosy about which advisors they try to poach from rivals. That may change this year.
January 29 -
With 37% of financial advisors expecting to retire within the next decade, rookies are still failing at a 70% clip within their first five years, according to a new Cerulli study.
January 24 -
Hester Peirce and SEC Acting Chair Mark Uyeda say they want to group to devise a clear compliance framework for digital assets and end regulation by enforcement.
January 22 -
The Westlake, Texas-based firm called 2024 a transition year after faltering during the regional banking chaos in 2023.
January 21 -
Executives say the Bank of America subsidiary likely benefited from clients in 2023 seeking a safe harbor from teetering regional banks.
January 16 -
The investment banking giant has been the subject of regulatory probes regarding the way it vets prospective clients. So far, that's not driving away potential clients, executives say.
January 16 -
CEO Ted Pick said nearly half of net new assets Morgan Stanley brought in last year landed in fee-generating accounts — and that's right where he wants them.
January 16 -
Top deals from Q4 include Wealth Enhancement Group's deal with Levy Wealth Management Group and Cetera's bid for Concourse Financial Group Securities.
January 16 -
The regional giant reported $2.2 trillion in client assets last year, despite seeing its net new flows decline.
January 15