Corporate finance

The company divided its largest division into two and added tens of billions of previously unreported dollars to the key business metric.

The bank’s consumer and wealth management business produced $2 billion in revenue in Q4, contributing to full-year revenue of $7.5 billion.

Growing client assets, a rebounding economy and a more efficient approach led to an 86% boost in net income for Wells Fargo.

There’s “a pretty good chance” that the U.S. will outpace current expectations for this year, the megabank’s CEO says.

The number of reps is tumbling from the wealth manager’s previous position atop the industry.

With a new South Florida home and booming stateside business, the Canadian asset manager now aims to become the leading high net worth and ultra high net worth platform in the U.S.

The firm added hundreds more advisors and boosted the number of practices with at least $5 million on its platforms.

Higher expenses trimmed the firm’s earnings, but its CEO described $49 billion in assets as only “a drop in the bucket” compared to future adoption among advisors.

The midsize firm’s headcount fell for the fourth straight quarter, even as nearly every other key metric expanded from the year-ago period.

The RIA aggregator has closed or announced more than 30 transactions in 2021, and Rudy Adolf’s team sees the greatest opportunity among its traditional M&A targets.