Industry News
Industry News
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As valuations continue to rise across the industry, more firms are using compensation to invest in their top talent and future growth, Succession Resource Group says.
January 27 -
The Wall Street giant still is often associated with deposits, lending and checking and savings accounts. But it's among the throng of firms seeking to give clients easy access to both banking and investing services online.
January 26 -
Money News Network CEO Nicole Lapin and her RIA collaborators are building direct services through her growing base of readers, viewers and listeners.
January 26 -
The inquiry into the now-defunct Credit Suisse's former dealigns with Nazis comes as UBS pushes to build its U.S. wealth business working with wealthy clients.
January 26 -
The record pay package for the Goldman CEO comes after a year of soaring profits for the firm's investment bank.
January 26 -
Plus, Cetera adds a $1.9B tax-focused firm, Choreo acquires two RIAs, and Modern Wealth expands in New York.
January 23 -
The raise comes following a year when the firm earned $57 billion in net income, approaching a record set in 2024.
January 23 -
An internal successor, a seller and an acquirer dish out the most common mistakes they say advisory firms must avoid to address the challenge.
January 21 -
K. Dane Snowden initially joined the CFP Board as chief operating officer in 2023 and replaces outgoing CEO Kevin Keller.
January 21 -
Total net new assets for the quarter totaled $158.2 billion, more than the $144 billion projected.
January 21 -
Roughly 100 employees — mostly in management — are expected to move to the wealth management unit's new headquarters in booming South Florida.
January 20 -
Many owners of privately held businesses are planning to sell at least part of their interests in the firm in the next five to 10 years, a Raymond James study found.
January 20 -
Plus, Wells Fargo and Raymond James pull more teams from Commonwealth/LPL, and Elevation Point takes a stake in a UBS breakaway.
January 16 -
Goldman Sachs shattered expectations with a record $4.31 billion in fourth-quarter equities trading revenue, topping its own Wall Street high set just months earlier.
January 15 -
The wealth management giant capped off 2025 by pressing ever closer to the asset and wealth management target set by former CEO James Gorman.
January 15 -
Once rare, the same kind of permissive terms that are widespread on leveraged loans are becoming increasingly common in the $1.7 trillion private credit market.
January 15 -
Philadelphia-based Clark Capital will be one of several "boutique" firms in Raymond James' global asset management division.
January 15 -
A sharp fourth-quarter decline in net new investment assets weighed on Citi's wealth division, tempering full-year growth despite revenue gains.
January 14 -
Bank of America's wealth management businesses suffered a blow last year when principals of a team that managed $130 billion in AUM left for independence. Merrill executives are now looking to the future with ambitious recruiting and cross-selling plans.
January 14 -
The massive intake preceded the BNY-owned custodian's rollout of a new financial advisor matchmaking service aimed at conversions from institutional clients.
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