Financial institutions

Collectively, the brokers generated $167 million in annual production and oversaw $37 billion in combined client assets.

The results underscore the standout performance of the industry's largest firms in equities, a business where Europe’s banks have struggled to keep up in recent years.

These elite producers in some cases operate far from Wall Street, even as they work for well-known wealth managers such as UBS, Merrill Lynch and Ameriprise.

Eaton Vance and E-Trade deals expected to boost the firm’s performance.

The ex-Morgan Stanley and Merrill Lynch advisors join the wealth manager, which has been aggressively recruiting in recent months.

Client acquisition was down compared to 2019, but still higher than in years past.

The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.

In the first wave of cases under the regulator’s self-reporting initiative, it garnered more than $2.7 million in payments of restitution plus interest.

The new additions join a set of big hires at the wirehouse.

Like its largest rivals, the wirehouse kept grids at par after a tumultuous 2020.

They're among a handful of companies willing to hold clients' digital assets for safekeeping. Many of their peers balk at the reputational and financial risks.

It’s the second-biggest hire of the year for the wirehouse.

After a volatile year, advisors get a reprieve when it comes to payout changes.

Regulatory shifts, M&A, new technology — there’s a lot on the horizon for the industry.

Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.

Brian Truscott oversaw more than $330 million in client assets.

The new hires generated approximately $5 million in production before making the move.

The wirehouse is also tweaking pay related to cash solutions for clients.

Planners and experts dive into wirehouse pay, charging clients at a higher rate, emerging business models and other key issues.

The advisors know RBC’s Pittsburgh complex director from earlier in their careers, when all three men worked at Smith Barney.