With the combination, Orion can offer an all-in-one technology solution to advisors.

It’s the first fee increase in 5 years, earmarked to fund the board’s new strategic plan.

Earnings for Merrill Lynch Wealth Management and Private Bank jumped 28% in the quarter.

Missed opportunities for wealth transfers, an unregistered advisor charged with fraud, preventing elder abuse, and a FINRA expulsion, among other wealth management news this week.

A drop in non-interest revenue across businesses offset higher income driven in part by Citi’s Personal Banking and Wealth Management division.

Higher interest rates, higher deposit and loan balances drove significant growth for the wirehouse this quarter.

The megabank’s RIA and brokerage segment weathered equity volatility that wiped out $28 billion from the value of client assets in the first quarter.

Raymond James, Ameriprise, Stifel, LPL and Creative Planning added advisors or made acquisitions this week.

After ending 2021 with record results, 2022’s first quarter was full of ups and downs.

As CEO Jamie Dimon faced questions about a potential recession, the firm’s wealth management units displayed continuing headcount growth.

Childs says Gross and PIMCO had an “enormous influence” on how the U.S. government handled the 2008 financial crisis.

The company reported revenue of about $4.7 billion for the three months ended in March, slightly below analyst estimates of about $4.8 billion for the period.

A SIFMA conference panel discussed the issues that are keeping the profession predominantly white and male.

Carson Group adds an executive, the SEC proposes SPAC rules, FINRA is looking for advisory committee members and more.

Regional ties such as being fans of the Buffalo Bills and Sabres led to the deal, which is being backed by the family office of the teams’ owners.

The enterprise left Kestra for Triad Advisors as part of the largest recruiting addition to the independent wealth manager in years.

Mercer, Creative Planning and others made acquisitions. LPL, Ameriprise and Sanctuary, among others, added teams to their ranks.

The wirehouse wealth head told SIFMA conference attendees to simplify clients’ lives, keep them on track and watch their backs; advisors say the pandemic and world events have brought a changed culture.

The firm expects global wealth to rise to 30% of new capital raised in the years ahead, up from 5% last year.

Fieldpoint Private will offer private banking services to Summit Financial’s advisors, but it will give up its plan to fold into the Merchant-backed firm.