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The wealth manager’s financial advisor headcount is rising, along with the productivity of their practices.
October 28
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The bank's reliance on debt trading caused it to miss out on revenues its peers enjoyed.
October 27
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Despite the continuing smaller financial advisor headcount at the wirehouse, it reeled in record profits and unveiled its latest plans for further expansion.
October 26
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Though the Providence, Rhode Island, bank is in the midst of three deals, CEO Bruce Van Saun said it remains on the lookout for other nonbank purchases that could help boost fee income and generate cross-selling opportunities.
October 20
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The giant custodian unveiled a new turnkey asset management and technology platform it says will boost its market share among RIAs and other advisory firms.
October 19
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The brokerage now manages $7.61 trillion across its retail and RIA custody businesses.
October 18
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CEO David Solomon sees opportunity in the industry for further acquisitions and organic growth after the firm’s significant pivot in the last two years.
October 18
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The bank’s wealth management unit has “underinvested” in its online and independent divisions, CEO Charlie Scharf said.
October 15
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Bank of America beat 3Q Wall Street forecasts as it moves to ‘pre-pandemic pace.’
October 15
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James Gorman says the wealth manager is seeing much better retention and recruiting due to its “multiple channels of growth” after several acquisitions.
October 14
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The higher number of brokers in two of the megabank’s largest business segments reeled in higher client assets based on equity values and inflows.
October 13
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Find all of the data from FP’s annual survey of the industry and ranking of firms by yearly revenue.
August 23
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After unveiling another deal for an RIA with billions in AUM, the firm is also revamping its CRM system with Salesforce as its vendor.
August 11
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Rising equity values and incoming assets drove higher earnings despite the lower number of financial advisors at one of the largest wealth managers.
August 9
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Tailwinds behind fiduciary services and financial advisor demographics are working in the RIA holding company’s favor, CEO Rudy Adolf says.
August 6
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The wealth manager has opened more ways to affiliate with the firm by starting to tap M&A deals with a sizeable pipeline for more in the future.
August 5
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The TAMP saw record quarterly inflows under new CEO Natalie Wolfsen, who has plans to make a splash in wealthtech M&A.
August 2
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Despite fewer incoming advisors, CEO Ron Kruszewski says the company’s pipeline is strong and extending to the independent channel.
August 2
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The nation’s largest independent broker-dealer aims to boost expansion even more, and it’s not ruling out launching its own bank.
July 30
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Record-level asset management fees and investment banking revenues were credited with the increase in net revenue.
July 29
