Industry

The new hire comes amid rumors that Credit Suisse will sell its U.S private bank.

The two-year-old wealth management business has a new chief executive to replace Frank Campanale, a former wirehouse executive, who previously held the job.

The wirehouse lured away seven advisors from Morgan Stanley.

“Why should a really good smaller firm that’s growing have a lower multiple than a big firm that’s crappy?” asks Peter Raimondi, president of Boston Private Wealth.

Lure of large trust department, bank name recognition, more persuades five advisors in Redondo Beach, Calif., to switch.

Celent says "advisors and firms have no choice [but] to continue to adapt to client demands, which is increasingly a digital delivery."

Proponents of advisory firms going public cited “powerful” advantages while detractors point to “hollow” promises.

Three wirehouse veterans joined the super regional's employee channel.

The primary buyers of advisory firms are RIAs, banks and roll-up companies.

When looking for concierge healthcare and health insurance advice, financial advisors often find that support from specialized health consultants.