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Goldman CEO Solomon’s pay surges 24 percent to $31M
The board lifted the CEO's pay after the firm's profit tumbled last year.
Ex-Osaic veteran advisor barred by Finra
'A lawyer may tell an advisor like this, there's no upside in responding to Finra, just leave the industry,' says a senior brokerage executive.
Raymond James strengthens advisor network with $340M Morgan Stanley team
Based in South Florida, the Behar-Nagel Group is the latest to join Raymond James’ employee advisor channel.
LPL extends winning streak as it welcomes Wells Fargo team
Victoria, Texas-based CoastPoint Financial adds $150 million in client assets to the broker-dealer giant’s network.
Cetera signs up $312M team from LPL
Based in South Carolina, the three-person holistic planning practice is joining a 4,000-strong network of advisors.
Are LPL shares heading to $300?
The acquisition of Atria will transform LPL 'from a leading player in the space into a category killer,' analyst says.
Cetera recruits three-decade veteran from Triad
The seasoned advisor oversees more than $120 million in assets at his planning and investment practice in Rome, Georgia.
Another setback for Schwab as net new assets decline again
The firm saw a year-over-year drop of 65 percent in new asset flows in January, including a steep slowdown in core net new assets.
Alt managers’ push to advisors hits resistance at some B-Ds
‘When I got here in 2016, I had no idea who the alternative investment sponsors were,’ says Jamie Price of Osaic.
Raymond James adds to talent pool with Morgan Stanley hire
The seasoned advisor brings more than two decades of industry experience.
Ex-Oppenheimer advisor sentenced to 8 years for $50M Ponzi scheme
The disgraced advisor fleeced more than 400 investors in a fraudulent 'private equity' fund over a 13-year period.
Edward Jones leads the way in adding CFPs
Other firms that saw big increases in the number of CFP professionals in 2023 included Charles Schwab and Northwestern Mutual.
LPL snaps up 2,400 advisors, $100B in assets with Atria acquisition
LPL's equity purchase of Atria will cost the firm at least $805 million.
Alex David jumps to Raymond James from Stifel
'This appears to be more of a reflection on Stifel,' one industry recruiter says.
Goldman Sachs sued again by Hollywood business managers
Following a failed California lawsuit, M&A client is trying again in New York.
Bond trader who blew up Atlanta B-D found guilty in fraud case
'Somewhere in the firm's systems, a big, flashing red light should have gone off,' one attorney says.
Cetera signs five-advisor team from Newbridge
Based in New Jersey, the Rosso Financial Group's members boast more than 80 years of combined industry experience.
Raymond James ramps up advisor support with paraplanning service
The firm is rolling out two options for advisors who need help building financial plans.
KKR sees ‘trillions’ of retail investor dollars moving to alts
'Mass affluent individual investors historically have not had an easy way to access these types of products and strategies,' senior KKR executive says.
LPL Financial welcomes Texas-based veteran advisor
The seasoned financial advisor is launching his own independent practice as he joins RIA powerhouse.
