WealthManagement.com recently surveyed over 360 registered investment advisors on their business strategies, investments and economic outlook as part of their annual RIA Benchmarking Report.
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Raymond James Financial saw a slight dip in its fourth quarter performance, but overall, the Florida-based broker/dealer hit record revenues and profits for the year with an eye toward future growth...
Morgan Stanley's performance took a dive during the third quarter, with the firm reporting Monday a 6 percent quarterly decline in revenues and a 7 percent decline in profits for its wealth management business...
Wells Fargo restructured its wealth management division on Wednesday, adding its asset management unit to the mix. Overall, the wealth business reported a 10 percent gain in profits during the third quarter, but shed over 160 advisors...
Persistently low interest rates and deflated markets led Merrill Lynch Wealth Management to a quarterly decline in revenue, even as the national brokerage firm added advisors...
The owner of tax preparation software TaxACT on Wednesday said it would purchase tax-centric broker/dealer HD Vest Financial Services for $580 million...
Private equity firm Hellman & Friedman is set to become a majority owner of Edelman Financial Services, although founder Ric Edelman will continue to hold the largest individual stake in the $15 billion advisory firm. ...
More advisors are looking to leave the wirehouses and brokerages by joining an existing registered investment advisory firm, rather than starting their own.
According to the latest research by Cerulli Associates, about 35 percent of advisors s...
