Citigroup led by a wide margin, with total earnings of $2.0 billion. Wachovia came in a distant second with $1.4 billion, and Bank of America followed at $1.0 billion.
Bank of America has made the biggest gains over 2003, earning 191.85% more than it had during the same period last year. Much of this gain resulted from the merger with FleetBoston Financial Corp. Last year, Fleet ranked 7 th overall, and Bank of America ranked 11 th.
Gryphon Wealth will keep Wells Fargo Clearing Services as its custodian in a deal that brings in tech support from TradePMR, a firm acquired by Robinhood in 2024.
If wealth management clients have children who are recent college graduates, pointing them in the right direction on their first 401(k)s helps build strong connections with two generations.
Subscribers to Financial Planning can earn one continuing education credit toward recertification by successfully completing the 10-question quiz.
Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.
Jim Gold of Steward Partners thinks impending advisor retirements will continue driving smaller RIAs into M&A deals with big acquirers — even as AI turns many investors into "do-it-yourselfers."
Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.
