Industry

Raymond James’ advisor employee headcount has remained relatively flat over the last five quarters, while its 1099 channel saw an increase of 3% over the same time period, according to the company’s latest earnings report.

The expanding employee channel firm aims to support practice recruiting efforts and help usher in the next generation of advisors.

Kristin Kimmell brings decades of experience and notable success as the replacement to the former head recruiter promoted only last year.

The startup, Just Invest, uses direct indexing to manage $1 billion in assets.

Banks and other institutions are driving significant recruiting moves while aiming to convince more members and clients to sign up for financial advice.

The head of Ark Investment Management will assist fintech platform Tifin as the company’s subsidiary Magnifi introduces commission-free brokerage services.

Strategic buyers and consolidators like Captrust are driving a record pace in overall transactions and those involving sellers with at least $1 billion in AUM.

Michele Dillon, a 30-year veteran of wealth management, started in April

In J.D. Power’s annual survey, independent and employee reps gave wealth managers a higher satisfaction index than last year.

The Colony Group and XML Financial Group are set to bring on an RIA and a wealth management practice, respectively, in the third quarter of 2021. Focus also announced that Sonora Investment Management will join as a partner firm.