Industry

Raymond James & Associates has recruited financial advisors from RBC and TD Ameritrade, including one with $100 million in AUM.

Nicholas Schorsch's expanded financial advisory business reported adjusted net third-quarter income of $35.5 million on Thursday, but revenue was driven by higher retail and investment management results.

John Leto, former regional wealth leader for the firm's metro New York region, will lead the sales and support functions of TD Wealth Private Client Group.

FINRA arbitration panel sides with a former Commonwealth Financial Network client who claims he lost his retirement savings due to bad retirement planning advice.

A group of ultrawealthy Citigroup clients clamoring for big returns on U.S. real estate have entered into funding commitments for a new commercial and multifamily development on Sunset Boulevard in West Hollywood, Calif. It is one of several co-investment projects the firm is offering through its private bank.

Janet Robinson is the first woman to join the 8-member board of the independent firm founded by wirehouse managers and affiliated with Raymond James Financial Services.

Worries about a tidal wave of retiring advisors may be overblown, say some wealth management executives.

The St. Louis-based firm said that Reed, Gates, Strait Wealth Management Group has joined the company with an office in Lexington, Ky.

A deal with Strategic Wealth Partners, outside Chicago, was Focus's sixth of the year, bringing in $1.4 billion.

RBC enticed away a Merrill Lynch team managing $103 million in assets.