Industry

The firm already had a small wealth management business in the U.K., but this acquisition puts Raymond James in a more competitive position, CEO Paul Reilly says.

Former New Jersey State Attorney General Gurbir S. Grewal proposed a uniform fiduciary standard for that state, indicating a possible 'expansive' interpretation of Reg BI in his new role.

Mariner's latest deal expands its presence in California and brings it another step closer to becoming a national RIA.

First-year analysts will now earn at least $100,000, up from $85,000. Their second-year counterparts will make $105,000, up from $90,000.

Michael Farr, CNBC contributor and founder of Farr, Miller & Washington, will join Hightower as its chief market strategist.

George Tamer, managing director of the sales team at TD Ameritrade Institutional, and Dan Cronin, who led sales for Schwab Advisor Services, were among the latest to lose their jobs this week as Schwab continues to integrate its former rival.