Updated Sunday, March 1, 2015 as of 3:53 PM ET
Record Profits, But Wealth Management Stumbles at RBC
Wealth-management profits fell 2.1% to C$230 million, after recording C$27 million in restructuring costs for its U.S. and international operations, while insurance earnings rose 18% to C$185 million.
More in Regionals
As expenses get harder to tighten and net interest income remains strained, fee income becomes more important for banks. more »
The deal boosts Stifel's advisor force by one-third to about 2,800 advisors -- and readies the firm to grow its business in the independent channel. more »
Three former Ameriprise advisors will sign on with the employee advisory channel at Raymond James. more »
Stifel CEO Ronald Kruszewski wants to be an advice leader, and acquiring Sterne Agee may get him there, potentially lifting the firm's total advisor headcount to 2,800. more »
A Stifel-Sterne Agee merger would dwarf other moves made last year. more »
The three-advisor team generated more than $2 million in annual revenue before making the move. more »
Regional broker-dealer Wunderlich Securities recruited two wirehouse advisors. more »
A former RBC team that managed $200 million in client assets has signed on with Raymond James' Los Angeles office. more »
No clarity on how regulators will decide to handle fiduciary standard proposed for broker-dealers, Schapiro said. more »
The recruit takes on a new role as complex manager at the firm’s latest office in Birmingham, Ala. more »
Two veteran wirehouse advisors joined regional broker-dealer Wunderlich. more »
Two UBS advisors managing $170 million in assets joined Baird. more »
These firms have made advisor-friendly cultures a crucial part of their success in both retaining advisors and recruiting new ones. more »
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