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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.
Baird simplifies alts platform with new CAIS partnership
The firms are deepening their longtime tech collaboration to create a unified alternative investments solution for Baird's more than 1,300 advisors.
LPL lands $500M advisor team in Texas
The move marks the third practice LPL has recruited from Ameriprise in roughly a week.
Constantly evolving to best serve clients
Jordan Mayer subscribes to the adapt-or-die mantra – and believes this relentless commitment to improvement sets J.P. Morgan apart
AmeriFlex reaches $11.5B milestone as 2024 provides strong growth
The firm added 16 advisors managing $1.9 billion in the first quarter.
Ameriprise picks up $2B credit union unit from LPL
The mover is the wealth management division of one of the largest US credit unions.
Goldman Sachs loses another long-term senior leader
FT reports that the firm's global treasurer is to join Millennium.
LPL’s Atria deal poses complexities: Report
Atria's financial advisors might be getting M&A 'whiplash,' one recruiter notes.
