Results for "earnings"

Displaying 547 results

Sort: Date | Relevance

Author:

Focus Financial is "the only game in town" for RIA M&A, says CEO Rudy Adolf

November 7, 2019

Rudy Adolf takes a look around the red-hot market for RIA acquisitions and he likes the opportunities facing Focus Financial, one of the most senior and well established buyers of RIAs. Mr. Adolf, the founder and CEO of Focus Financial, acknowledges...

LPL Financial cut trade, advisory costs by $15 million in 2019

October 25, 2019

As the financial advice industry settles into its battle over pricing, LPL Financial's CEO Dan Arnold said on Thursday that the independent broker-dealer in 2019 cut costs on transactions and advisory platforms by $15 million. LPL expects to...

Adviser Alpha: How Kevin VanDyke Leverages Human Capital to Stand Out in a Crowded Market

October 21, 2019

As competitive intensity in the financial advice industry ratchets up, it's not enough for advisers to create a financial plan, hit benchmarks and steer their clients toward retirement. Firms must establish a unique element of their business...

Merrill Lynch growth strategy helping advisers reach record productivity

October 16, 2019

Merrill Lynch continues to grow revenue through new client acquisition and cross-selling Bank of America products, while also doing a better job with adviser retention and production, according to the firm. Following Bank of America's quarterly...

Head count at Wells Fargo Advisors slips, but exits continue to slow

October 15, 2019

Wells Fargo Advisors is continuing to see churn in its broker and adviser workforce, but — after three years of watching advisers leave the firm in the wake of banking scandals — the pace continues to slow down. In the earnings report Tuesday...

Wells Fargo takes $1.6B legal charge, dragging 3Q earnings down

October 15, 2019

Wells Fargo & Co. investors got a reminder that the bank isn't past its problems even as it seeks a fresh start under a new leader. The lender took a $1.6 billion expense for litigation tied to scandals in its retail bank, dragging down third-quarter...

Zero commission fight could pressure wirehouse earnings

October 2, 2019

The decision by discount brokers to eliminate trading commissions for online investors could spill over to the large wirehouses and eventually pressure earnings, according to a new report by an industry analyst. Charles Schwab Corp. announced...

UBS loses 248 advisers in the Americas over past year

July 23, 2019

UBS on Tuesday reported a year-over-year decline of 248 financial advisers, or 3.6% of the global bank's financial adviser workforce in the Americas, as of the end of the second quarter. The Swiss bank reported 6,689 financial advisers at the...

Focus Financial sees brisk activity in the M&A market for RIAs

May 9, 2019

Focus Financial Partners continues to see plenty of deal activity in the RIA space, reporting Thursday that it had 24 transactions that either closed or were pending so far in 2019. Focus, which became a publicly traded company last year, narrrowed...

LPL's recruiting starts the year where it left off in 2018

May 3, 2019

LPL Financial in the first quarter picked up where it left off in 2018, reporting after the market close Thursday that it added $7.1 billion in recruited asssets in the first three months of the year. That's more than one quarter of LPL's total...

UBS loses 166 advisers in its Americas unit over the past year

April 25, 2019

UBS lost 60 advisers in the first quarter compared with the previous quarter, pushing the total drop in adviser headcount over the past 12 months to 166, a 2.4% decline, the company reported Thursday. The firm's headcount, 6,790 at the end of...

UBS says wealthy clients add $22 billion in Q1

April 25, 2019

Rich Asians came to the rescue of UBS Group in the first quarter after CEO Sergio Ermotti's dire outlook on market conditions sent investors into shock and investment banking revenue plummeted. Wealthy clients in the Asia-Pacific region accounted...

TD Ameritrade cut marketing because 'fish weren't biting,' CEO says

April 24, 2019

TD Ameritrade Holding Corp. trimmed digital advertising spending because of a lack of interest from retail investors, according to chief executive Tim Hockey. The online broker and wealth manager keeps a base level of spending and needs to see...

FPA butts heads with Michael Kitces over $8 million in 'missing' funds

March 18, 2019

The Financial Planning Association was forced into scramble mode Friday after a blog post from Michael Kitces alleged that the FPA was responsible for nearly $8 million worth of "missing" revenue over the past decade. Mr. Kitces, partner and...

Fidelity profit hits record even as assets fall

February 21, 2019

Fidelity Investments posted record revenue and operating income in 2018 even as assets under management fell for the first time in seven years. The mutual fund giant reported outflows from its actively managed stock funds — once its most well-known...

Focus Financial rides RIA consolidation to 37 percent annual revenue growth

February 21, 2019

Seven months after taking Focus Financial Partners (FOCS) public, the chairman and chief executive of the RIA aggregator, Rudy Adolf, is singing the praises of the public equity markets. "The IPO is creating permanent capital to invest in our...

Q4 revenue strong at IBDs, online brokers despite market declines

February 13, 2019

Independent broker-dealers and retail brokerages were able to generate good revenue during the final quarter of 2018 despite the significant drops in the market, according to Moody's Investors Service. The market turbulence in December played...

Ameriprise reports higher fourth-quarter earnings despite market drop

January 31, 2019

Despite December's sinking stock market, Ameriprise Financial Inc. reported fourth quarter 2018 net income of $539 million, or $3.76 per diluted share, up from $177 million, or $1.15 a share, in the same period a year ago. Net revenue was nearly...

UBS saw decline in new client money in fourth quarter

January 22, 2019

As the market churned in the fourth quarter, UBS Group said on Tuesday that the amount of net new money in its wealth management business in the Americas declined by $3.6 billion in the final quarter of last year when compared with the same...

Morgan Stanley wealth management revenue falls 6% in fourth quarter

January 17, 2019

As the broad market churned and fell in the last three months of 2018, Morgan Stanley's wealth management group saw net revenue fall to $4.14 billion, a 6% decline from the same three months a year ago. In its earnings release, the company said...

Next Page »

1 | 2 | 3 | 4 | 5 ... 28

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.