Ameriprise Financial is set to acquire Tampa-based JHS Capital in a deal that will add 150 advisors and $4.1 billion in client assets to the Minneapolis-based firm's balance sheet...
Amerprise Financial reported first quarter net income of $393 million, down 2 percent from a year ago and 8 percent sequentially on operating net revenues of $2.9 billion, up 3 percent year-over-year and down 2 percent from last quarter...
While Raymond James Financial posted record net revenues of $1.29 billion for the fiscal second quarter, up 9 percent from a year ago, the firm’s pre-tax income of $180 million was down 11 percent from the December quarter due to elevated...
David Tittsworth, the former president and CEO of the Investment Adviser Association, has come out of retirement to join the investment management practice at law firm Ropes & Gray. Tittsworth will serve as counsel in the firm’s...
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...
Wells Fargo’s wealth business was the bright spot in an otherwise bleak first quarter, as the San Francisco-based bank reported its first decline in profits in almost five years...