The Vanguard Group is doing its own part in bringing down the national unemployment rate.
Following Vanguard's
Spokesman Joshua Grandy told Money Management Executive that Vanguard currently has 127 open positions in retail services in its Malvern, Penn., office, and 57 openings in its Charlotte, N.C. office.
It is planning another 82 positions for Pennsylvania and 88 positions for North Carolina in 2013, Grandy said.
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
The accusations led to the end of 16 years at the firm.
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
Citi's wealth division was a relative bright spot in the bank's second quarter earnings report, with revenue up amid turbulent market conditions.
