Raymond James Financial

The behemoth wealth firm said it recently brought in its largest recruited groups ever, a strategy that paid off as it contributed to record net revenue for the third quarter.

With the broker behind bars since last year, the firm has paid nearly $2 million in client restitution and a regulatory fine over its mishandling of the account.

Separate announcements by Concurrent Advisors and Private Advisor Group display why flexibility for financial advisors is valuable to growing RIAs.

These are the largest firms with financial advisors who work with broker-dealers but aren't their employees.

Two Securities America brokers and their firm must pay the large award after a case that leaves many unanswered questions.

The independent hybrid RIA is “one big firm whose business model has changed,” CEO Paul Reilly said on the company’s second-quarter earnings call.

Financial advisors and other experts share their best tips for confronting a challenge faced by every practice in the industry.

In J.D. Power's annual survey, a significant portion of wirehouse and independent representatives said they're considering a move to another firm.

While the firm’s CEO admits it has a long way to go, the group serves as an example of one way to cultivate retention and support.

The wealth programs in the channel are going through a significant shift amid major recruiting moves and consolidation, according to a consultant’s report.

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.