Raymond James Financial’s (NYSE: RJF) private client group added 20 advisors in the U.S. during the fiscal third quarter despite a tough recruiting environment for regional firms. But second-quarter earnings were down.
Profits and revenues fell at TD Ameritrade Holding Corp. last quarter as trading waned at the discount brokerage, but Chief Executive Fred Tomczyk said TDA Institutional has brought on 260 breakaway brokers over the past three quarters, a 20...
Wells Fargo’s (NYSE: WFC) wealth, brokerage and retirement business posted slightly lower second-quarter earnings. Advisor headcount was also down compared to the first quarter, but, on a positive note, advisor cross-selling continued to...
RIMM will continue to lose market share, and face declining revenue, margins and average selling prices. The end result will be a firesale of RIMM, perhaps to Dell (DELL), MSFT, or an East Asian hardware maker...
Younger investors, we were told, lost their taste for equities after getting beaten up by two recessions in the past 10 years. But new data from Vanguard suggest that Gen Y's aversion to risk may be overstated. The company found that in the...
Advisors don’t appreciate how cautious clients have become, said speakers at the Investment Company Institute’s recent general membership meeting in Washington yesterday. Despite two years of rising markets, clients continue to hold...
Despite increasing turmoil around the world, high-net-worth investors in the U.S. remained confident in the economy and the stock market, according to Phoenix Marketing International’s latest tracking survey.
Liquidity may be more of a return predictor than you think, according to Roger Ibbotson, chairman and chief investment officer of Zebra Capital Management. During a presentation at IMCA’s New York Consultants Conference this week, Ibbotson...