LPL Financial's major acquisitions produced a sizable boost in the firm's advisor force and assets during the fourth quarter of 2024, though the firm's net income slipped on a year-over-year basis.

Wurm and Frye joined the financial services industry in 1997, registering with IDS Life Insurance Co., and together moved through several firms, including Prudential Securities, LPL Financial and ...

Cracchiolo and Reilly's comments echo those made by Stifel Financial Chief Executive Officer Ron Kruszewski during Stifel's earnings call on Wednesday. Kruszewski characterized the recruiting ...

After one wirehouse, Merrill Lynch, last August introduced a report showing advisors the potential tax savings clients could achieve in daily dollar terms by using tax-loss-harvesting services, daily ...

A group of lawyers is urging President Donald Trump to simplify the process for establishing new banks in a bid to promote ...

Trump Media & Technology Group will allocate about $250 million of the company's cash into cryptocurrency, exchange-traded funds and other investment vehicles, and it's tapping Charles Schwab to keep ...

Stifel’s global wealth management unit had record client assets in 2024, according to CEO Ron Kruszewski, but its advisor count declined 1.8% from a year ago. Stifel Financial Chief Executive Officer ...

Morgan Stanley is facing a lawsuit from a financial advisor who claims that misrepresentations made when he was recruited to the wirehouse from Merrill Lynch resulted in the loss of his best clients ...

Wells Fargo said on Tuesday that it has passed a major hurdle toward lifting the $1.95 trillion asset cap imposed on the bank ...

As of Sept. 30, the end of the prior quarter, Raymond James' Private Client Group had tallied 8,787 financial advisors, up a net five advisors compared to the end of June. That figure represented ...

Edelman filed suit in November 2023, alleging that Mariner stole 851 clients, representing more than $621 million in assets ...

Headed by former Morgan Stanley Wealth Management and Merrill Lynch Wealth Management President Greg Fleming, Rockefeller has ...