LPL Financial experienced another major leadership shakeup Tuesday as Chief Financial Officer Dan Arnold is set to replace outgoing Robert Moore as president...

In a memo to financial advisors, Morgan Stanley said it is restructuring its executive team, following head of strategy and client management Doug Ketterer’s recent departure. Sara Furber, who currently serves as chief operating officer for...

Is your custodian a growing threat?

Fidelity Institutional will combine its custody and clearing units and launch a new technology unit to be lead by Michael Durbin, current president of the firm’s RIA custody business, the firm announced Wednesday...

LPL Financial will relocate its Fortigent operations from Rockville, Md. to the company’s Charlotte, N.C. office to consolidate resources focusing on high-net-worth clients...

The former CEO of Royal Alliance came out of retirement on Friday to launch an independent, New Jersey-based firm that will act as a super-OSJ in partnership with First Allied Securities...

LPL Financial posted net income of $48.5 million, or 49 cents a share, for the fourth quarter, up 9.3 percent from a year ago, despite $4.9 million paid in regulatory charges. Adjusted earnings per share of 66 cents beat analysts&rsquo...

United Capital Financial Advisers has recruited a 23-person team managing $2 billion in assets, the firm’s largest onboarding since its founding in 2005. The team, based in Denver, Scottsdale, Ariz., and Tucson, Ariz., was formerly with...

Number of advisors with the wirehouse now down to less than 7,000

Raymond James changed policy and told its advisors Monday that the firm, not the advisor, would pay all of the rebates due to clients who were wrongly sold more expensive classes of mutual funds over the past five years. The change comes just a ...