The Department of Labor’s proposed fiduciary rule and anti-money laundering provisions are top-of-mind for Raymond James, Scott Curtis, president of Raymond James Financial Services, told advisors at the firm's national conference in Las Vegas on...
After Raymond James agreed to pay back clients who were wrongly sold more expensive classes of mutual funds, the firm made good on its promise, sending out checks to clients this week.
The firm is continuing to clean up from the mutual fund i...
Morgan Stanley reported a stronger-than-expected first quarter, as the investment bank’s wealth management unit reported record profits and revenue over the past year...
Bank of America’s wealth unit reported a decline in revenues and a 10 percent drop in profits from a year ago due mostly to low interest rates—even as the overall bank posted a 9 percent increase in profits...
While industry mergers and acquisitions have dried up in the last year, United Capital Financial Advisers has just purchased two registered investment advisor firms with a combined $625 million in assets...