LPL Financial, the nation’s largest independent broker-dealer, reported some success in its effort to reinvigorate its advisor recruiting after a years-long lag. The San Diego, California-based company added $25 billion in recruited assets, up 35% from $1... See more
UBS Wealth Management USA’s profits rose as the company said its multi-year strategy reset was paying off even as advisor headcount continued to fall. The Swiss-owned UBS Americas wealth unit, which includes a cadre of advisors in Canada and Latin America... See more
Some of Edward Jones’ 20,400 advisors will soon have to do some financial planning of their own regarding their company stock holdings. Edward Jones, one of the largest remaining privately-held firms on Wall Street, is offering its advisors and existing l... See more
Investors’ cash sweep litigation continues to weigh on wealth firms’ costs and attention, even though the Securities and Exchange Commission under the Trump administration has concluded its pending probes without meting out punitive fines. Raymond James F... See more
A U.S. District Judge in Atlanta rejected Merrill Lynch’s second bid to compel Dynasty Financial Partners to arbitrate a long-running dispute over the wirehouse’s allegations that the RIA service provider raided its Atlanta office. Merrill had argued in a... See more
