Corporate finance

Hundreds more financial advisors have flocked to the wealth manager this year, driving new highs in headcount, client assets and several other metrics.

Expenses relating to recruiting and M&A rose at a faster clip than revenue, prompting one analyst to downgrade the company’s stock.

CEO Ron Kruszewski predicted its independent arm will grow the way the employee brokerage has since the firm hired its first financial advisor in 1997.

The wealth manager’s financial advisor headcount is rising, along with the productivity of their practices.

The bank's reliance on debt trading caused it to miss out on revenues its peers enjoyed.

Despite the continuing smaller financial advisor headcount at the wirehouse, it reeled in record profits and unveiled its latest plans for further expansion.

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.

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.

The brokerage now manages $7.61 trillion across its retail and RIA custody businesses.

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.

The bank’s wealth management unit has “underinvested” in its online and independent divisions, CEO Charlie Scharf said.

Bank of America beat 3Q Wall Street forecasts as it moves to ‘pre-pandemic pace.’

James Gorman says the wealth manager is seeing much better retention and recruiting due to its “multiple channels of growth” after several acquisitions.

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.

Find all of the data from FP’s annual survey of the industry and ranking of firms by yearly revenue.

After unveiling another deal for an RIA with billions in AUM, the firm is also revamping its CRM system with Salesforce as its vendor.

Rising equity values and incoming assets drove higher earnings despite the lower number of financial advisors at one of the largest wealth managers.

Tailwinds behind fiduciary services and financial advisor demographics are working in the RIA holding company’s favor, CEO Rudy Adolf says.

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.

The TAMP saw record quarterly inflows under new CEO Natalie Wolfsen, who has plans to make a splash in wealthtech M&A.