Raymond James Financial

The firm reached records in rep headcount and advisory assets after closing the Charles Stanley deal in the first quarter.

Record-level asset management fees and investment banking revenues were credited with the increase in net revenue.

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.

David DeVoe, founder and CEO of DeVoe and Company, says Mariner's acquisition of Allegiant is likely the beginning of its next phase of momentum with RIA transactions, following the investment of its new PE partner earlier this year.

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

Good Life Companies fosters competition among wealth managers for its own health and runs food stores and a gym.

Advisors John Gill and Bryan Horner were joined in the move by Mari Hurd, business practice coordinator, and Katie Bosler, senior registered client service associate.

It’s unclear whether the independent firm will retain any broker-dealer or RIA affiliation with Raymond James.

Concurrent is catering to breakaway teams assessing their options after back-office frustrations during the coronavirus, co-founder Mike Hlavek says.

As its advisor headcounts in the W-2 channel have stagnated, Raymond James Advisor Select added a major former UBS quartet.