Economy

The advisors managed more than $225 million in combined client assets.

With transparency about conflicts on the rise even as it varies by firm, critics question whether clients really understand complicated technical documents.

One departing practice managed $100 million in assets.

Several of the new recruits had spent more than a decade with Questar.

The team joins Raymond James’ burgeoning brokerage ranks, which recently hit 7,862 independent and employee advisors.

"You should buy into IPOs to hold them, because you believe in the company," James Gorman said.

The firm aims for a bigger foothold in a competitive sector with new offerings around tech, service, advisory programs and practice management.

While the wirehouse has suffered from advisor attrition, the regional BD has grown its brokerage ranks.

CEO Dan Arnold presented details of the firm's mounting ambition after announcing the acquisition of a brokerage and RIA with $3 billion in client assets.

The billions of dollars that have flooded the state and local debt market this year have only heightened the craving.

The IBD last recruited a practice from Cetera in October.

The firm has a particular focus on female clients and empowering women to better control their finances.

The firm has its origins as a family office founded by John D. Rockefeller in 1882.

Several of the firm’s new hires are industry veterans with more than 30 years of industry experience.

The competition is clear. The conflicts are just beginning.

The regulator and one of its largest members, LPL Financial, engaged in a back-and-forth on the controversial initiative.

The decision comes a decade after the collapse of the infamous scheme.

The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year.

The $230 million team — comprised of two former NHL players — moved over from the firm’s employee brokerage unit.