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LPL’s Chris Cassidy talks Atria deal, credit unions
"Credit unions are nonprofit institutions, so that creates a collaborative approach," Cassidy says.
Citizens lands $5B team from JPMorgan
The firm's addition of the California-based team of 12 extends its ambitious push into the ultra-high-net-worth space.
Merrill scores multibillion-dollar team from JPMorgan
The firm is bolstering its presence in Florida by adding a 12-person group managing $3.5 billion in assets.
Raymond James adds Indiana pair with $170M
The broker-dealer giant is expanding its independent advisor division with two advisors from PNC Investments.
UBS swipes another advisor duo from Goldman Sachs
The wirehouse is expanding its presence in New York City as it adds another high-net-worth pair to its bench.
Bankrupt GWG bonds not right for anyone: Finra arbitrator
By 2020, 'GWG had shown years of losses and large negative cash flows,' a securities arbitrator writes.
LPL signs $200M duo from Wells Fargo
Based in Texas, the two are starting their own practice, with one advisor’s father joining the team.
Ex-Raymond James advisor makes comeback at LPL
The three-decade veteran in Texas is returning to the broker-dealer giant’s network as he looks to solidify his succession planning.
Suit challenges SEC market surveillance tool as unconstitutional
The Texas lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail, a database that would collect virtually all US trading data.
Advisor attrition dropping at Merrill Lynch
Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched.
Citi’s wealth CIO is stepping down
David Bailin is exiting the banking giant’s ranks after 15 years of service.
Arete Wealth pays out $1.1M in arb claims to start 2024
"We have a handful of open cases against Arete Wealth, and some involve Center Street, as well," says a plaintiff's attorney.
Raymond James adds advisor from Wells Fargo
South Florida-based advisor had been overseeing $105 million in client assets at Wells.
LPL welcomes $170M veteran advisor
The broker-dealer giant’s hire in North Carolina is the latest in a string of recruiting moves at Ameriprise’s expense.
Schwab Q1 revenue tops estimates
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
Apex declares liftoff for new ACATS protocol
Fintech hails landmark transaction’s potential to create ‘more efficient, flexible account transfer services’ as key deadline looms.
Goldman posts stronger-than-expected Q1 results
The surprise surge was led by traders, and by bankers who cashed in on a resurgence in dealmaking.
Stability, finally, at Wells Fargo Advisors?
'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.
UBS boosts its New York presence
The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.
JPMorgan reports lower-than-expected net interest income in Q1
The bank raised its expense guidance for this year to about $91 billion.
