Industry

The No. 1 IBD unveiled positive recruiting numbers for the third quarter, alongside an 84% jump in profits.

The No. 1 IBD poached two more teams from the largest firm in rival network Cetera Financial Group.

The team, which already has $3.5 billion in AUA, will service bond requests of any type from Arkadios Capital’s advisors.

The firm’s broker ranks expanded to 7,813 independent and employee advisors, a new high.

The firm has streamlined its leadership structure and overhauled its marketing strategy.

Sergio Ermotti is under pressure to show investors how the bank can reap greater profits from a merger of its two wealth management businesses.

Kelly Coffey will succeed Russell Goldsmith as CEO of City National, a Los Angeles-based unit of RBC.

“This is a chance to redesign core systems, some of which go back to PaineWebber,” says Tom Naratil, president of UBS Wealth Management Americas.

A lawsuit filed by an ex-client was granted class action status after the firm failed to keep the dispute out of court.

The trading app's move to create its own clearing system signals broader goals.