Updated Thursday, December 18, 2014 as of 5:23 PM ET
Ex-N.Y. Yankees: Our Advisors Stole Millions
An attorney for Jorge Posada and Jose Contreras says ballplayers were "victims of fraud, taken advantage of at every turn."
More in RIAs
High-performing firms are almost twice as likely to effectively describe target client profiles to clients and centers of influence. more »
Raymond James' independent broker dealer lured away two advisors producing $1.85 million from Morgan Stanley. more »
Raymond James recruited advisors with about $2 billion in combined assets, including a Merrill Lynch team with $535 million in AUM. Meanwhile, UBS hired a $2.5 million producer and Wells Fargo grabbed a team managing more than $400 million in assets. more »
With nearly 16,000 firms managing $2.4 trillion in assets, Cerulli predicts the RIA industry will capture 28% of retail investor assets by 2018. more »
Big producers continued to strike out on their own in 2014. See the year's biggest breakaways. more »
Former Convergent Chairman Steve Lockshin offers his take on events and issues surrounding the suicide of his friend, ex-Convergent CEO David Zier. more »
Two advisors have been hit with fraud charges for allegedly misleading clients about a hedge fund managed by an investment novice and debt collector. more »
A trio of top custodial executives discussing big trends for the RIA sector downplayed the term -- at least as a marketing advantage -- during a panel this week at the MarketCounsel summit in Las Vegas. more »
Lebenthal picked up an RIA that oversees $250 million in assets, as well as a team of two advisors in New York. more »
Mega teams spend months, sometimes years, in the effort to find a new home and transition their oversized books. 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 »
This year saw a number of mega teams with outsized AUMs switching firms. Here are the biggest recruiting moves of 2014. more »
HighTower recruited a Merrill Lynch advisor to join a group that broke away from the wirehouse earlier this year. more »
The December Issue is now online!


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