LATEST ARTICLES
Firm Led by Ex-Wells Fargo Execs Recruits $1 Billion Advisor Team From Wells Fargo
The firm, known as &Partners, has been steadily recruiting dozens of advisor teams since its founding three years ago.
2 minute read
Citi Plans Hiring Push for Wealth Unit. It’s Part of CEO Fraser’s Turnaround Strategy.
The bank believes it can grow its wealth management unit by hiring more advisors and drumming up additional business with existing customers.
3 minute read
An ‘Outside the Box’ Investment Strategy That Other Advisors Want to Tap
Merrill’s Raj Bhatia and his team run proprietary investment strategies that are also available to other advisors at the Bank of America wealth management unit.
Long Read
Severe Weather Is Driving Up Commercial Real Estate Insurance
It’s not just homeowners who are experiencing price shock when it comes to insuring their properties.
3 minute read
Arax Picks Up $1.5 Billion Advisor Team From Wells Fargo
Fast-growing Arax is backed by private-equity firm RedBird Capital Partners.
1 minute read
Wells Fargo Advisors Adds to String of New Recruits With $1.6 Billion UBS Team
The company recently picked up two large advisor teams in New York.
2 minute read
Investors Pile Into ETFs as Risk Appetite Gains. Here’s What They’re Buying Now.
April was the second-highest monthly total ever for ETF fund flows, now on pace for a record $2 trillion in 2026, according to a report from asset manager State Street.
3 minute read
Wells Fargo Hires $6 Billion Advisor Team From Morgan Stanley, Adding to Big Recruiting Wins
The team includes James Taylor, a top-ranked next-generation financial advisor.
2 minute read
Investors Look Past LPL Financial’s Strong Earnings at Potential AI Threats. The Stock Is Down.
The wealth management company said total client assets jumped 30% year over year to $2.3 trillion.
3 minute read
Robinhood Is Working on AI Financial Advice, but CEO Tenev Isn’t Writing Off Human Advisors
The brokerage firm wants to provide more AI capabilities to its millions of self-directed investors as well as human financial advisors.
2 minute read
Robinhood Earnings Fall Short. A Crypto Slump Is the Culprit.
The brokerage firm derives a chunk of its transaction-based revenue from customers’ crypto trading activity.
3 minute read
UBS Americas Wealth Unit Hauls in $5.3 Billion Despite Lower Head Count
The Americas wealth management had previously suffered from asset outflows due to advisor attrition.
3 minute read
Cetera to Combine Two Units in Move That Creates New National Employee-Advisor RIA
The company is bringing together Avantax Planning Partners and The Retirement Planning Group, which it acquired in 2023.
2 minute read
Ameriprise Financial Beat Earnings Estimates, but Advisor Asset Gathering Slowed
The wealth management company reported a 12% increase in assets under administration, despite elevated advisor attrition.
4 minute read
The Biggest Surprises Breakaway Advisors Encounter When Going Independent
Advisors who have left brokerage firms like Merrill and UBS share what the revelations that awaited them after they moved to the independent sector.
Long Read
Hightower to Buy Bahnsen Group, a $9.5 Billion Wealth Management Practice
The Bahnsen Group was founded by top-ranked financial advisor David Bahnsen in 2015 when he left Morgan Stanley.
2 minute read
Raymond James Earnings Beat Forecasts. CEO: AI Cash Sorting Isn’t More Than ‘Incremental Threat.’
The wealth management company reported strong net new asset growth for its fiscal second quarter.
3 minute read
JPMorgan Brokerage Unit Recruits $1.1 Billion Advisor From William Blair
David Amar joined the company’s wealth management unit in Los Angeles.
1 minute read
Interactive Brokers Stock Falls After Revenue Miss. CEO: AI Cash-Sorting Fears Don’t Apply to Us.
The brokerage firm has been riding a surge of investor activity that has boosted account openings and trading volume.
3 minute read
Ex-Wilmington CEO Joins Fiduciary Trust as Executive Chair
Doris Meister, former CEO of Wilmington Trust, will work closely with Fiduciary Trust CEO Austin Shapard as the wealth manager seeks to expand its reach.
2 minute read
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