Economy

The digital platform added $1.6 billion from the first quarter.

Profits rose 8% year-over-year at the bank's Global Wealth & Investment Management unit, which includes Merrill Lynch and U.S. Trust.

The hit smartphone game Pokémon Go taught banks a lesson in mobile strategy this week: gamify it.

Second-quarter profits from wealth management and securities services jumped 56.3% to $100 million from $64 million a year ago.

Second-quarter revenue dipped 9.4% year-over-year, while profits plunged 22.5%.

The number of financial advisers at the firm declines 1% to 15,042.

After predicting a strong recruiting year, Wells' independent advisory arm attracts planners from LPL Financial, UBS and U.S. Bank.

Two advisers joined Confluence Financial Partners, which is affiliated with Raymond James.

The North Carolina credit union will look to CUSO to help it expand its investment services program, which has about $13.8 million in AUM.

Wealth management firms need to acquire their own robo platforms because digital startups represent a real threat with "a long runway for growth," the analyst says.

The IBD's top technologist's question for firms seeking upgrades: Are you sure you understand how you want to go to market?

A search is underway to replace Mary Mack, who will transition to a different unit.

The two ex-wirehouse advisers each had about 20 years of industry experience.

Advisers join the regional broker-dealer from Wells Fargo and Charles Schwab.

The largest recruits managed more than $17 billion in client assets.

The four new recruits moved to Raymond James’ independent broker-dealer.

Adviser recruiting was not expected to be affected, according to people with knowledge of the matter.

See which independent broker-dealer reported over 31% payout growth, plus dive into the average payout for the top 10.

The goal is to make clients appreciate the value of services being offered.

BIC took a fresh look at its top program managers and re-ranked them based solely on productivity.