Corporate finance

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.

Interest rates, compensation and costs relating to the firm's pending deal to go private tore a hole in the RIA aggregator's earnings for the second quarter.

The California TAMP's latest financial report includes new milestones for revenue, platform asset and net income.

The company's earnings soared in the second quarter. Dan Arnold's team has more ideas in the works for further growth.

As revenues fell for other companies, Raymond James' earnings reached new heights — including for its wealth management division.

The company enjoyed "another strong quarter overall, led by continued growth of our wealth management business," CEO Jim Cracchiolo said.

In the second quarter of 2023, Stifel's profits were down from last year — except for its Global Wealth Management unit, which saw record growth.

In an interview, Chairman David Karr discussed the firm's financial advisor training and recruiting approach and embrace of "supported independence."

The Wall Street giant struggles amid plans to rely less on its own balance sheet and more on fees from managing others' investments.

BNY Mellon's chief financial officer said that the custodian nonetheless has some "quite exciting" announcements in the works for later this year.

From April to June, the firm's net income was $1.3 billion, down from $1.8 billion in the second quarter of 2022.