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“When they come to us for everything, we then truly are their lead advisor,” says Mike Ott, the new head of the unit.
The new hires are part of the wealth manager’s campaign to boost its sales force and add private and mortgage bankers and other professionals in key wealth markets by the end of 2014.
Half of U.S. households remain at risk of being unable to maintain their standard of living in retirement, despite the surge in stock market and housing prices.
The Private Client Reserve hired a former Mayo Clinic executive to join the healthcare solutions team as vice president and healthcare banking specialist in Minneapolis.
"There aren't enough people going into the industry to replace those who retire," Scott Curtis, president of Raymond James Financial Services, told some 200 program managers and bank advisors at the event in Orlando.
"We're not maniacally focused on how many advisors we have affiliated with the firm," said Scott Curtis, president of Raymond James Financial Services. "Our focus is on asset growth and helping you to be more productive."
Banks and credit unions are paying advisors more for fee-based business, according to a new report from Kehrer Saltzman & Associates.
According to a report from consulting firm Booz & Co., more than half (51%) of the "rising mass-affluent" say they would consider using their primary bank for investing, compared with only 37% over the age of 50 who said they would.
As November draws to a close, we looked back on some of our most popular stories. Here are the month’s top picks.
Dan Driscoll will oversee six advisors and will work closely with M&T Bank regional presidents in their respective markets.
To jumpstart family discussions, family members should set common goals, such as saving for a relative’s college education.
The firm appointed a former executive of Capital One Bank to a new position leading the firm’s private and escrow bankers and coordinating the activities of mortgage banking officers in the field.
During the first half of the year, bank insurance brokerage units generated $3.37 billion in fee income, down 13.2% from $3.89 billion a year earlier.
The firm added two family wealth advisors in New York and Boston.
Want to work with more female clients? Don't make the mistake of assuming that they're all the same.
The bank nabbed the assistant research director of GE Asset Management to lead the U.S. equity portfolio team.
The new directors will oversee business development in Pittsburgh; Westport, Conn.; and Dubai, United Arab Emirates.
“We’re not maniacally focused on how many advisors we have affiliated with the firm,” says Scott Curtis, president of Raymond James Financial Services.
In addition to an advisor shortage, bank programs will contend with the challenge of keeping up with technology and client expectations regarding communication practices.
The U.S. is in the midst of an economic revolution akin to the Industrial Revolution of the late 1700s and early 1800s, says Raymond James strategist.