Separately, UBS strengthens its Manhattan presence with a defector from Deutsche Bank, while Cetera welcomes a father-daughter tandem from Osaic.
The deal will give Citi Wealth clients access to a single account structure combining ETFs, mutual funds, separately managed accounts and alternatives — with BlackRock integration built in.
Breakaway advisors cite independence, ownership and broader capabilities as key drivers.
Meanwhile, recruiting financial advisors is up at Bank of America and attrition is down, its CEO says.
Meanwhile, Citi logged its best quarterly revenue in at least 10 years, with profitability metric topping the bank's own targets for the first time since 2021.
With $464 billion raised in alternatives since 2019 and wealth management fees up 17% year-over-year, the firm is pressing its advantage.
Touchstone Wealth Partners, a multigenerational team based in Ohio and Florida, is the fourth billion dollar-plus practice to join FiNet this year.
Meanwhile, Merrill extended its reach in Florida with the addition of a veteran reporting $645 million in client assets from UBS.
In the most aggressive cases, the bank's new revenue targets would effectively double some bankers' required output from a year ago — which some insiders say is simply out of reach.
Meanwhile, Wells Fargo's FiNet welcomes a $300 million pair from Private Advisor Group, and Raymond James reels in another veteran advisor from Commonwealth.
Entrepreneurship rises, AI use grows, and family support strains finances across generations.
Court filings spotlight disputed account activity and transfers linked to figures in Epstein’s orbit, including Apollo co-founder Leon Black.
Strong trading, underwriting drive higher payouts, though risks and hiring slowdown loom ahead.
A new charter could help advisors keep more client cash on-platform as the Swiss firm tries to reverse recent outflows and recruit in an active market.
Meanwhile, Cetera expands its reach in Alabama with a former Ameriprise team, and a $360 million advisor team from Morgan Stanley joins RBC.
New council to tackle short careers, financial literacy gaps and long-term planning challenges.
Survey data highlight shifting expectations for digital access, human guidance and intergenerational planning across both advised and self-directed channels.
The recruiting race continues unabated as firms add teams and assets across the US.
Survey finds demand for real-time services and innovation outpaces banks’ technology investment.
Big banks and watchdogs are racing to catch up as the action on prediction platforms blurs lines between market intelligence and personal bets.
