Corporate finance

The firm typically trains its own advisors in lieu of recruiting talent from the competition.

Advisors should be increasingly aware of how banks are shaping client expectations.

The firm added 40,000 new accounts last year and hit a record $3 trillion in client balances.

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21% in the fourth quarter.

The bank continues to struggle with attrition due to scandals, regulatory scrutiny and a graying workforce.

The No. 1 IBD adapted the Envestnet planning software to its digital advisor workstation as it looks for ways to maximize advisors’ efficiency.

About $2 billion of assets will be available to the company’s retail clients.

Before picking a tech vendor for your firm, you might want to have a chat with Carson Group President Teri Shepherd, who speaks with the benefit of hard-earned experience.

The firm hasn’t made any decisions about advisor retention bonuses, but some top shareholders will earn tens of millions of dollars once the deal closes.

The Reverence Capital Partners-backed network would expand into nine subsidiary brands with 11,500 advisors under the deal, taking the selling firm private.