Corporate finance

Coming off another record quarter, the independent broker-dealer giant sought to reassure analysts questioning its stagnant advisor headcount.

The firm's total advisor headcount holds steady while its assets under management swell to $816 billion.

The firm's bottom line took a one-time hit from legal expenses even as it recruited advisors and added to its assets.

CEO Dan Arnold said on the firm's last earnings call that the tools were "receiving positive early feedback and demand in the marketplace."

Company executives also called attention to the firm's new wealth management system, Wove.

Morgan Stanley's wealth management inflows slow in third quarter

Merrill president and co-head Lindsay Hans said the firm is well-positioned for the "largest asset-gathering opportunity that FAs have seen in decades."

The Wall Street giant is staggering under its plan to shift back to serving primarily the ultrawealthy.

The banking and brokerage firm's income also suffered from clients moving money into high-interest-paying money markets.

CEO Charlie Scharf said the bank's troubled wealth unit had 'treaded water' for a while, but showed signs of recovery as client assets and fee income grew.

All eyes will be on the incoming veteran executive as the banking giant seeks to take advantage of expected growth in global wealth.

The banking giant also reported a whopping 36% increase in net income for its banking and wealth management unit.

Find all of the figures from Financial Planning's latest annual study of brokerages whose financial advisors aren't employees of the firms.

Despite falling stock and bond values last year, firms operating in the channel collectively boosted their business. These are the biggest companies among them.

The global bank saw a decline in its wealth management headcount for its Americas region even as its invested assets rose.

The Canadian firm saw an 8% jump in its net income, but CEO Dave McKay foresees a "softer economic outlook" next quarter.

The investment banking giant thinks increseased skepticism will help prevent an overheated debt market.

The St. Louis-based firm has continued its 2023 comeback, enjoying two straight quarters of double-digit revenue growth.

More assets, less debt and a new name are among the Canadian asset manager's wealth highlights.

The company that provides services to 107,000 advisors posted financial results that meet estimates without breaking new ground.