Industry

Jim Weddle, head of Edward Jones, says his firm won't develop a robo advisor, but adds that competitive pressures are pushing the entire industry to up its digital game.

As Cetera is shopped around by Lazard, the IBD’s advisors say they want to stay with the firm but will leave if they must.

The wirehouse pulled over four advisors from rivals Merrill Lynch and Morgan Stanley.

FINRA slammed the firms for failing to apply sales charge discounts to customers' purchases of unit investment trusts. Seven of the 12 were bank broker-dealers or TPM firms.

The German bank has faced questions and criticism in recent years about its internal controls.

After buying the B-D just last year, a major loss is possible as RCS looks to avoid defaulting on its debt, sources say.

The team generated $2.9 million in production before switching wirehouses.

Leadership positions at the firm have been filled to balance its recent wave of RIA recruitments.

Four advisors left the wirehouse to join regional broker-dealer Benjamin F. Edwards.

The firm said wealth management profits rose to $509 million for the third quarter, boosted by lower compensation expenses.