Industry

Advisors who move aggressively into fee-based business end up doing much better than their transaction-based colleagues, with more assets, a higher return on those assets and more revenues, according to a new report.

A new survey of broker-dealers highlights the extent to which their firms rely on back-office technology to manage and improve advisor relationships, while at the same time revealing broad dissatisfaction with the solutions that firms have currently deployed.

RIA in a Box's registration maintenance service focuses on turning down an RIA's panic level from surprise regulatory visits.

JonesTrading Institutional JonesTrading to Acquire Conifer SecuritiesServices said it signed a letter of intent to acquire Conifer Securities from the Conifer Group.

Norman Greenidge will be responsible for meeting the wealth management needs of professional athletes through Northern Trust's core services of financial planning, investment management, trust and estate planning and private banking.

Birmingham, Ala.-based advisor group Bridgeworth Financial, with nearly $1 billion in AUM, has left Lincoln Financial to join the country's largest independent B-D, LPL Financial, in a move that demonstrates the benefits of scale.

Susan Pickering will lead a team of relationship managers for high-net-worth clients and retirement plan services for institutions.

The Bockhold-Voorhees wealth management group joins RBC as recruitment picks up at the Newport Beach, Calif. office. The Bockhold-Voorhees Wealth Management Group, including Tim Bockhold, Bob Voorhees, Maureen Ortiz and Kathleen Carroll, have moved from Wells Fargo to RBC Wealth Management's Newport Beach, Calif., office, which spans from San Diego to Beverly Hills and out to the desert. .

Veteran advisors Vann Wilder and Van Martin are taking their $300 million team from Morgan Stanley to Raymond James Coral Gables, Fla. office.

Julius BaerGroup Ltd., the Swiss money manager established in 1890, agreed to pay about 860 million Swiss francs ($880 million) for Bank of America Corp.'s Merrill Lynch wealth management business outside the U.S.