“[AI] has already been helpful in our industry,” said Raymond James CEO Paul Shoukry, but acknowledged the limitations of the technology when it comes to advisor/client relationships.
Separately, UBS strengthens its Manhattan presence with a defector from Deutsche Bank, while Cetera welcomes a father-daughter tandem from Osaic.
Firms expand reach by recruiting advisors managing nearly $1B in client assets.
Higgins will support the development of the asset management company’s active ETF platform.
Meanwhile, Fair Oaks Wealth Management moves $140 million to Ameriprise from Edward Jones, and Prime Capital Financial adds a Fort Worth planning specialist.
“The right environment can elevate the impact I'm able to have on my clients,” said financial advisor Thomas K. Sutter.
Rising dominance of passive investing is pushing growth companies into private markets and reshaping the future of public equities.
Firm hires senior VP to drive digital roadmap, boost efficiency, and scale advisor tools.
Firm’s recruiting win offset by rival poaching experienced advisors and client assets.
Mariner Advisor Network was targeted to recruit and hire independent advisors.
Reverence Capital Partners bought Advisor Group in 2019 and then rebranded it Osaic four years later,
Bill Williams, who has run the independent contractor channel since 2008, will also take over the employee advisor business, recruiting and institutional partnerships.
Firms continue talent push with experienced advisors and multigenerational teams.
As Michael Jordan's 23XI Racing drives Robinhood-sponsored cars to the top of the NASCAR standings, fans can also use Robinhood's app to wager on race outcomes and other sporting events.
Meanwhile, Wells Fargo's FiNet welcomes a $300 million pair from Private Advisor Group, and Raymond James reels in another veteran advisor from Commonwealth.
InvestmentNews reported in February that Kestra was beefing up its group of recruiters.
Deal adds nearly $800M in assets, reinforcing long-term advisor continuity strategy.
Edward Jones reduced home-office staff by 4.5% in 2025 while using India-based contractors for digital and operations support, part of the industry's broader offshoring trend as LPL Financial opened its tech support center in India earlier this year.
In 2019, the SEC claimed Commonwealth had breached its fiduciary duty by failing to tell its clients that they could have invested in less expensive share classes of funds.
Meanwhile, Cetera expands its reach in Alabama with a former Ameriprise team, and a $360 million advisor team from Morgan Stanley joins RBC.
