Recruiting

The firm is undervalued by the stock market when compared to "two high-quality peers" in Raymond James and Morgan Stanley, its CEO said.

The independent wealth management firm made its third significant deal with an insurance firm exiting the industry in the past four years.

Cedarwood Financial Partners left Edward Jones after decades in an effort to carry out ambitious growth targets.

The Wall Street institution is seeking to guard against an economic downturn.

The smaller shrinking of the wirehouse's headcount in 2023 underscored a successful year of growth for the megabank's wealth arm.

At Future Proof 2022, the recently designated CFP discussed why the event was different from typical wealth management conferences.

The megabank set aside more than $1 billion in reserves as it confronts mixed economic signals and keeps adding more teams to its wealth ranks.

The group of 70 financial advisors left Advisor Group's Securities America to focus on expansion with the help of a rival to its prior firm.

Level Four Financial sees its parent accounting company and flexibility as disruptive forces for a midsize firm in a field dominated by giants.

At Future Proof 2022, the award-winning CFP shared her tips for aspiring wealth management professionals and her thoughts on breaking into the field.

The recruiting and M&A transactions bring another record year to the finish line ahead of an expected slowdown in 2023.

With teams managing some $9 trillion in client assets expecting to retire over the next 10 years, the results of Cerulli's survey carry massive implications.

Advisor Group surpassed LPL at the top of the list, but consolidation, complexity and change remained the key themes in a highly competitive channel in 2022.

Advisor Group, Ameriprise, Cetera, Commonwealth, LPL and Raymond James are getting bigger and streamlining a crowded field of business as they go.

After helping to build up the largest IBD over more than a dozen years each with the firm, they've landed in recruiting and financial advisor support roles.

The incoming recruits from midsize rival LaSalle St. come as the top IBD sets headcount records and acquires the $40-billion asset Financial Resources Group.

The bank is moving away from direct wealth management services in order to tap into an unmet need for many independent financial advisors, its CEO said.

Bank of America is slowing hiring as fewer employees leave in an attempt to manage the company's headcount ahead of a possible U.S. recession, Chief Executive Brian Moynihan said.

JPMorgan Chase is planning to increase headcount in its Latin American private-banking unit by about 25% next year as the firm looks to attract more clients with $5 million to $25 million to invest at the bank.

The joint project with one of the largest advisory practices in the firm's tax-focused brokerage displays how wealth management firms are backing their OSJs.