Updated Wednesday, January 28, 2015 as of 1:37 AM ET
Profits Slip at Raymond James
But while quarterly earnings at the company's wealth management unit dropped 7% from the previous quarter, they were up 30% year-over-year.
More in Independent BDs
A wealth manager with 30 years of experience left Citigroup Global Markets to join the year-old Lebenthal Wealth Advisors as a producing branch manager. more »
A former BNY Mellon advisor that managed $850 million in client assets has formed an RIA affiliated with Raymond James' independent RIA channel. more »
Changes to the RIA Leaders rankings illustrate a hard truth about the industry. more »
Cerulli predicts that market share gains in the RIA and dually registered channels will likely come at the expense of wirehouses and independent broker-dealers. more »
Three of the four formed a team with $218 million in assets under management. more »
The latest Schorsch bombshell "makes quality advisors super uncomfortable," says executive recruiter Mindy Diamond. more »
Nicholas Schorsch has resigned from RCS Capital, New York REIT and 11 other non-traded real estate investment trusts and direct investment programs sponsored by AR Capital. more »
A complaint that Schorsch instructed ARCP executives to shift numbers in the company’s second-quarter results to cover up errors from the first quarter is part of a defamation suit against ARCP, Schorsch and former ARCP Chief Executive David Kay, according to The Wall Street Journal. more »
Regulators penalized both the independent and employee channels of Wells Fargo for failing to properly screen over 200,000 customer accounts. more »
"He clearly wouldn't be walking way [from American Realty Capital] if things were business as usual,” says Aite Group analyst Alois Pirker. “The optics are just not very good." more »
RCS Executive Chairman Nicholas Schorsch and two other top executives resigned from American Realty Capital Properties. more »
Big producers continued to strike out on their own in 2014. See the year's biggest breakaways. more »
The three founders of Concord Equity Group Advisors, a firm LPL bought in 2011 after the RIA allegedly hid commissions from its institutional clients, settled with the SEC. more »
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