Ameriprise Financial reported a 16 percent increase in net income for the second quarter, thanks largely to strong growth its advice and wealth management segment. Net income grew to $374 million, or $1.91 per share, compared to $322 million in...
Independent broker/dealer LPL Financial reported second quarter net income of $43.1 million, or 42 cents per share, down 4.4 percent from $45.1 million, or 42 cents a share, in the second quarter 2013. Profits were dragged down primarily by...
HighTower expanded its operations on the West Coast Monday with the addition of the team from Washington-based Triad Wealth Stewardship with $400 million in client assets...
Raymond James Financial (RJF) added 49 net new advisors across its employee and independent channels in the fiscal third quarter, the company announced Wednesday. The firm’s private client group reported record revenues and pre-tax income...
The Colony Group picked up Long Wharf Investors on Wednesday in a deal that boosted the Boston-based Focus Financial partner firm’s assets to $3.75 billion under management. ...
It’s tough making the decision to move towards independence, to leave the wirehouse. There can be a lot of hesitancy around the move and a lot of fear: fear of leaving the known, fear of failure, fear that you don’t know what you...
Merrill Lynch introduced a new training program on Monday aimed at building trainees into current advisor teams.
In letter sent out to all 13,845 Merrill advisors on Monday, the firm announced the Team Financial Advisor (TFA) program, an alterna...