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Executives of firms like J.P. Morgan, Morgan Stanley and Bank of America benefited from a stronger market in 2021 that increased incentive pay.
April 19
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Earnings for Merrill Lynch Wealth Management and Private Bank jumped 28% in the quarter.
April 18
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A drop in non-interest revenue across businesses offset higher income driven in part by Citi’s Personal Banking and Wealth Management division.
April 18
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Higher interest rates, higher deposit and loan balances drove significant growth for the wirehouse this quarter.
April 18
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The megabank’s RIA and brokerage segment weathered equity volatility that wiped out $28 billion from the value of client assets in the first quarter.
April 18
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After ending 2021 with record results, 2022’s first quarter was full of ups and downs.
April 14
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As CEO Jamie Dimon faced questions about a potential recession, the firm’s wealth management units displayed continuing headcount growth.
April 14
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The company reported revenue of about $4.7 billion for the three months ended in March, slightly below analyst estimates of about $4.8 billion for the period.
April 13
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The Swiss lender is looking to boost shareholder returns
March 30
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The provider of an all-in-one software package will now offer advisors outsourced investment management.
March 22
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The brokerage sustained a net loss of hundreds of brokers last year after a pause in hiring during the coronavirus, according to its annual report.
March 14
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Eight RIA acquisitions and two minority investments added $49 billion in client assets to the Toronto-based firm’s U.S. platform in Q4.
February 22
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With a focus on growth and improving advisor satisfaction, Blucora’s wealth management arm saw Q4 improvements
February 18
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Nearing her first year anniversary at the firm, CEO Natalie Wolfsen said the company’s success wouldn’t be possible without the advisors who power it
February 17
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Focus Financial Partners saw revenue climb more than 32% in 2021, powered by a flurry of deals and higher wealth management fees.
February 17
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The shareholder, Engine Capital, is seeking support for former LPL executive Andy Kalbaugh and two other nominees to the board of Blucora.
February 14
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Net new assets soared in 2021, even though the firm's pandemic-related pause in hiring and training overhaul has trimmed its force of brokers.
February 7 -
The firm’s industry-leading headcount of financial advisors expanded by thousands last year, with more recruits coming in their wake.
February 4
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The bank plans to let the digital advisor operate as a standalone unit while looking for near-term “easy wins.”
February 1
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Advisor numbers are up from a year earlier, down from the previous quarter
January 28
