Recruiting

Citigroup is planning a 500-person hiring spree over the next three years for a new wealth division catering to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultrawealthy. 

The independent hybrid RIA is “one big firm whose business model has changed,” CEO Paul Reilly said on the company’s second-quarter earnings call.

CEO Jim Cracchiolo views incoming advisors as “a continued good opportunity” for the firm, he told analysts on an earnings call.

Lower advisory assets and regulatory matters combined to offset the wirehouse’s rising interest revenue in the second quarter.

A prized measure of performance — organic growth — is increasing for top-performing firms, Schwab’s latest benchmarking study shows

The Financial Services Network viewed its relationship to LPL as a “dealbreaker.” So Marty Bicknell’s giant RIA is making room.

In the latest sign of big wealth managers displaying some flexibility, Marty Bicknell’s team unveiled another collaboration with a firm often considered a rival.

The megabank’s CEO says consumers are “in great shape,” even though many fear a recession is on the horizon like a gathering storm.

Announcements involving Fidelity, LPL, BNY Mellon and other well-known firms signal how talent and capital are shaping the industry's future.

Financial advisor Jennifer Marcontell went independent after more than 20 years with her prior brokerage, which itself is making a major change to its structure.

In J.D. Power's annual survey, a significant portion of wirehouse and independent representatives said they're considering a move to another firm.

While the firm’s CEO admits it has a long way to go, the group serves as an example of one way to cultivate retention and support.

Speakers at FP’s INVEST Conference explained why recruiting and adoption of new tools loom so large over the future of wealth management.

The wealth manager has leveraged massive resources across its three channels, but it’s not altering its approach to the continuing breakaway movement.

Wells Fargo, which has been dealing with a series of scandals and regulatory issues, has temporarily halted the use of diversity guidelines for hiring after a report that staff held fake interviews with minority candidates to satisfy in-house rules.

There are signs that the firm’s headcount slippage is slowing, but that may account for reduced earnings due to higher compensation costs.

The wirehouse is making the business case for financial advisors merging their books together, alongside an offer to assist with coaching services.

A major recruiting move and a large acquisition reflect a marketplace that experts say hasn’t been negatively affected by volatility, inflation or rising interest rates.

An Ameriprise study found that firms are craving technology talent during the Great Resignation.

A giant wealth manager is expanding its reach in a rapidly consolidating channel of the industry that simultaneously needs to hire a lot more financial advisors.