William Sinclair tells InvestmentNews about the bank’s new lifestyle offering
Cerulli research sees major acquisitions and mergers drive growth in the IBD channel, with advisors increasingly drawn to independence and scale.
Also, Raymond James transitions its asset management leadership, while US Bank names president of affluent wealth division.
Signs of emerging stock bubble makes the tech trade trickier for some on Wall Street.
Elsewhere, Raymond James attracts more Commonwealth teams, Wells Fargo adds nearly $1 billion with UBS and JPMorgan defections, and Baird welcomes a veteran advisor from Edelman.
CEO says the top-ranked Canadian bank, which could theoretically scoop up a business as large as Schwab, has several "high-quality wealth franchises" in its sights.
Raymond James also kept its Commonwealth recruitment streak going, while Americana Partners and Pallas Capital Advisors each hired a veteran specialist advisor to boost their offerings.
But much of advisors' compensation schedule in 2026 will remain the same as this year.
RBC has also lured a billion-dollar advisor from JPMorgan, while Raymond James and Osaic reel in more ex-LPL advisors.
Survey reveals adoption gaps and opportunities for financial advisors across channels
JPAM’s Jared Gross, co-chair of SIAG, tells InvestmentNews what the risks are
Atlanta-based OpenArc launches as an independent RIA while Merrill Lynch files suit over alleged "corporate raid."
JPMorgan CEO Jamie Dimon says the surprise change to foreign worker policy "caught everyone off guard," with implications reverberating out to the tech sector and beyond.
The new leadership hires, focused on asset manager relationships and alternative investment sales, come as the Wall Street giant continues to push for profit improvements in the unit.
Ameriprise and Wells Fargo's FiNet have also scored recent wins with additions from LPL, Morgan Stanley, and Ziv.
The wealth management executive has headed the business since 2021
The advisor "was making more money with his kickback scheme than working at Merrill Lynch, and he has to pay back more than $5 million," a plaintiff's attorney said.
The Wall Street giant launched new education initiatives around investment tax management and alts investing this week as it rewires its advisor pay grid.
“I think it’s too little, too late,” said one industry recruiter.
Firm is hiring for new locations while BofA launches opportunities for veterans.
