Regional banks

Raymond James enticed away an advisor with $2.2 million in production as well as several associates from Merrill Lynch for its Cincinnati office.

Profit sharing lies at the heart of Edward Jones' compensation plan, as the firm aims to grow its advisory staff and assets under management by more than a third by 2020.

That makes for two big recruits in two days. A day after announcing the addition of a $1 million team from Wells Fargo, the firm has landed a second million-dollar team.

The firm has enticed away an advisor team with $1 million in production from Wells Fargo for its Bartlett, Ill., office.

With the advisor population aging and looking to retire, more wealth management firms are stepping up their efforts to recruit and train a new generation of advisors.

The company reports asset and revenue growth but "regrettable" advisor attrition.

The firm has landed an advisor team with $225 million in assets under management from Morgan Stanley.

RBC Wealth Management is expanding its presence in Texas. The Minneapolis-based broker-dealer has added six veteran financial advisors from Morgan Stanley to its office in Austin, Texas.

Ameriprise reported strong earnings boosted by robust growth from the firm's wealth management unit.

Raymond James & Associates' branch manager of the year has grown his complex's annual revenue to $32 million from $4 million and boosted client assets to $5 billion.

Raymond James Financial reported strong profits for the first quarter, with growth led by the company’s asset management and private client group divisions.

Assets managed by dually registered advisors are growing faster than any other channel -- underscoring the industry's "slow but steady migration" toward independent models, according to new research from Cerulli.

Raymond James' Global Private Client Group CEO Chet Helck is retiring after a 25-year career with the firm.

FINRA alleges that the firms' advisors sold two types of highly risky ETFs that even they didn't understand.

Senior financial services executives said the industry needed to move more quickly to promote diversity and inclusion throughout the organization.

The answer rests not with the firms but with advisors themselves, says James Kerr, president of Davidson Companies.

Jim Weddle, managing partner at Edward Jones, the opportunity for financial advisors is huge as baby Boomers seek expertise as they start seriously saving for retirement.

Patrick O'Connell, Ameriprise Advisor Group, Executive Vice President, says the issues relating to Baby Boomers heads the list of vital issues for the market.

The firm’s advice and wealth management division accounted for almost 40% of firm-wide profit.

Raymond James Financial, the brokerage that acquired Morgan Keegan & Co. from Regions Financial last year, posted a quarterly profit that rose 41 percent on a one-time tax benefit.