Industry News
Industry News
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Ahead of the expected closing of Fifth Third Bank's deal to acquire Comerica Bank, Ameriprise CEO Jim Cracchiolo provided few new details.
January 29 -
CEO Paul Shoukry took a swipe at big private equity-backed acquirers, saying in an earnings call that most advisors want to be at firms "where they're not going to have to have another disruption in three to five years."
January 29 -
Stifel CEO Ron Kruszewski said a surge in advisor recruiting and record wealth management results could lead the firm to invest even more in hiring in 2026.
January 28 -
In a court petition, Citi cites numerous messages showing former global head of platform and experiences Julia Carreon allegedly praising Sieg for his work overhauling the firm's wealth management division.
January 28 -
Two teams and one advisor managing a combined $1.3 billion choose to set up shop at Wells Fargo's channel for independent advisors.
January 27 -
An wealth management duo from Ohio chooses LPL's unit for direct employee advisors to found Moto Wealth Partners.
January 27 -
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.
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