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Hartford’s B-D suffers executive defections
As the broad market continues its free fall, independent broker-dealer Woodbury (Minn.) Financial Services Inc. is grappling with changes in senior management and the lingering problems of its owner, The Hartford (Conn.) Financial Services Group Inc.
Raymond James hopes for big return on Super Bowl
Not many investment opportunities have yielded positive results over the last year, but officials at Raymond James Financial Inc. hope they have found a place to generate a stellar return: the Super Bowl.
Raymond James rolls out UMA platform
Raymond James Financial Inc. of St. Petersburg, Fla., is in the process of rolling out a unified managed account platform.
Raymond James ARS holders on hold
Clients of Raymond James Financial Inc. who are stuck holding $1 billion of auction rate securities will have to hang onto the paper for months to come, even though several large firms have announced buybacks.
Transcript: Wirehouse/Regional Brokerage FIrms Round Table
The following is an edited transcript of the round-table discussion.
Raymond James applies for TARP funds
Raymond James Financial Inc. of St. Petersburg, Fla., has applied to participate in Treasury’s Troubled Assets Relief Program.
Recruitment deals slim down
The bull market in broker recruitment deals has peaked.
Most advisers prefer working for a national firm
Seven in 10 financial advisers prefer working for a nationally recognized company over an independent advisory firm, according to a yet-to-be-released survey.
Tech-savvy indies a draw for some advisers
Advisers tell me that broker-dealers are not created equal when it comes to technology support.
RJ considers foray into asset management business
Raymond James Financial Inc. is entering the market to acquire an asset management shop at the right time, industry observers said last week.
RJ looks to grow asset management biz
Because of the upheaval in the financial services industry, Raymond James Financial Inc. could be poised to make a “meaningful acquisition,” said Chet Helck, the company’s president and chief operating officer.
Survey: Edward Jones and RJ tops in service
The second annual study from J.D Power & Associates examined key drivers of employee adviser satisfaction, such as internal operational support, work environment, firm performance, compensation and product offerings.
Investors lean toward Democrats, survey says
Forty-one percent favor the Democrats as opposed to 36% who want a Republican administration, according to a survey conducted by Edward Jones.
Raymond James to become holding company
Raymond James Financial Inc. yesterday announced its decision to obtain financial-holding-company status, saying the move has been in the works for several years.
Raymond James lands $700M team
Raymond James & Associates Inc. has landed a team of advisers from Smith Barney who manage $700 million in assets.
Survey: RJ tops in investor satisfaction
Raymond James ranked highest in investor satisfaction among full-service investment firms, according to J.D. Power.
RJFS unit scores big win
Raymond James Financial Services will affiliate with Fulton Financial Advisors to offer brokerage services.
Auction rate securities class actions are filed
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
Raymond James offers new health package
The program, dubbed Independence Plus, will be introduced at the firm’s national conference in Orlando next week.
Cantor pays for personnel raid
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
