For the last few years, the consolidation of the independent broker/dealer business has accelerated. The top acquirers may sound familiar: LPL Financial, AIG Advisor Group, and Ladenburg Thalmann, to name a few. But there’s a new acquirer in...
Making up over a fifth of the bank's revenue, wealth management unit posted record growth
Wells Fargo saw strong growth in its brokerage business during 2013, as rising markets and higher asset flows upped revenue and profits at the wealth management unit. The division generated $3.4 billion in revenue for the fourth quarter, up from...
When deciding whether to stay at, or leave, thier firm, money makes the mare go, but management conflicts and technology are also factors that fuel an advisor's decision.
In the 23rd annual Broker Report Card, our annual survey that lets financial advisors from the six major national brokerages rate their employers on a number of factors, advisors were, overall, feeling better about where they work. The average...
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