Updated Thursday, July 24, 2014 as of 1:43 PM ET
Raymond James Financial's Profits Balloon 46%
NASHVILLE, Tenn. Raymond James Financial's profits soared 46% on the back of strong growth from the firm's private client group.
The regional broker-dealer's profits hit a record $122.7 million for the third quarter, up from $83 million for the same period a year ago. Diluted earnings-per-share for the quarter rose to 85 cents from 59 cents.   more »
More in Regionals
Midwest assistant regional director Matt Ransom has been promoted to vice president of new financial advisor training and development for its HNW education and practice management team. more »
Raymond James has lured away two advisors managing $100 million in client assets from UBS. more »
Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer. more »
Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states. more »
D.A. Davidson gets a facelift as the regional firm nears its 80th anniversary and enters a new period of growth. more »
Raymond James & Associates lured away a UBS advisor team managing $575 million in assets. more »
With the acquisition of broker-dealer McAdams Wright Ragen complete, Baird has grown to more than 800 advisors and $125 billion in assets. more »
Ameriprise enticed away a Morgan Stanley advisor who generated $1 million in annual revenue, according to a spokesman for the regional broker-dealer. more »
OnWallStreet's annual ranking of top wirehouses and regional broker-dealer firms in the employee advisory channel gives an encouraging snapshot of the wealth management industry. This year’s analysis from surveys and both corporate and public filings shows growth across the board. more »
OnWallStreet's annual ranking of the wealth management industry's top wirehouses and regional broker-dealers shows continued growth at these firms but they still face challenges growing their business. See which firms ranked highest and how the industry's leaders plan to stay on top. more »
For clients, is one type of firm, business model or fee structure better than another? more »
Clarity in strategic vision and compensation boosts advisor satisfaction, according to a new J.D. Power & Associates study. more »
Father-and-son advisor team managing more than $200 million in assets left Sterne Agee for Raymond James. more »
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