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...
UBS Wealth Management Americas reported a pre-tax profit of $238 million, down 13 percent from the unit’s first quarter profit of $272 million
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...
Kansas City Life is selling Sunset Financial Services to Securities America
The wealth management business saw profits of $767 million in the second quarter, up almost $112 million, or 15 percent