Industry

Revenue and assets increased year-over-year as the firm began to streamline operations after the Morgan Keegan integration in February.

Atlanta-based RidgeWorth Investments has hired Ian Bachrach to fill the role of Managing Director of Marketing, responsible for all aspects of RidgeWorth’s marketing.

In 2011, 44% of brokers who left wirehouses landed at independent firms, but every broker has an array of options when it comes to independence.

Linscomb & Williams, a fee-only RIA with $2 billion in assets under management, announced Tuesday it is opening an office in Birmingham, Ala.

An arbitration panel has ordered Wells Fargo to pay Stifel $800,000 in the latest dispute over alleged raiding of former A.G. Edwards advisors.

Fidelity says the new desktop will enable the “anywhere advisor."

The unit added about $3 billion in fee-based assets over the past few years, with sales going up about 74%.

Wells Fargo now gets a third of its fee revenue from its relatively small investment-management and brokerage businesses. Executive David Carroll explains how Wells is getting more business from its wealthy — but not too wealthy — customers and is seeking acquisitions in this market.

Previewing an address Thursday that he's set to deliver to the 1,600 advisors attending the firm's annual conference, CEO Paul Reilly said that Raymond James Financial will continue to have “a big focus” on technology and training going forward. He also discusses how acquisition may (or may not) factor into the company's agenda.

The addition of four legacy Morgan Keegan advisors in Austin marks renewed hiring momentum, according to the firm’s director of retail.