Updated Wednesday, April 23, 2014 as of 7:15 PM ET
Raymond James Private Client Group Reports Record Revenues
Record revenue growth for Raymond James Financialís private client group helped boost the financial service companyís 2nd quarter net income by 33% from a year ago.
The Tampa Bay-based company reported that revenues for the private client group were up 12% year-over-year, rising to $814 million from $727 million.   more »
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John Taft, CEO of RBC Wealth Management-U.S., shares his insight on upcoming regulatory changes, an ever-more complex marketplace and leadership. more »
Janney Montgomery Scott recruited an advisor team with $1.7 million in annual revenue from Barclays. more »
Community banks and credit unions need to recognize and tout the distinct advantages they offer advisors as they compete with bigger financial institutions for top talent, says Frank Smith, vice president of Recruitment at LPL Financial Institution Services. more »
Baird is merging with McAdams Wright Ragen, a wealth management firm based in Seattle that oversees more than $10 billion in client assets, according to the companies. more »
Advisor group Cohen Financial Management has joined Raymond James Financial from J.P. Morgan Securities, where the team generated annual revenues in excess of $4.2 million. more »
Baird reported record revenues for 2013, and added a former-Wells Fargo advisor as branch manager for its Charleston, S.C. office, marking its twelfth recruitment so far this year. more »
RBC Wealth Management has recruited an advisor specializing in global high-net-worth clients with $2 million in production. more »
Benjamin Edwards is luring away talent from Wells Fargo, boosting its presence in the Midwest and New England. more »
A former Baird advisor won an arbitration case against his old employer, resulting in a FINRA arbitration panel awarding him $170,000 in damages for defamation. more »
Raymond James is recruiting the industry's top talent at the expense of the wirehouses. more »
Janney Montgomery Scott recruited a veteran Merrill Lynch advisor with $1 million in production. more »
The firm continues its recruiting bonanza with the addition of an advisor-team from Morgan Stanley with more than $1.3 million in production. more »
RBC Wealth Management is adding new names to its top executive team, announcing a new head of International Wealth-USA. more »
Bank Advisors on the Move

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