Industry

Stifel Financial Corp. added 46 new advisors with estimated annual production of $36 million, while registering only three departures in the second quarter, the St. Louis-based bank and wealth management firm reported on Tuesday.

In the second major sale of a PE-backed advisory firm this year, Lightyear Capital is selling its stake in $11.8 billion AUM Wealth Enhancement Group to TA Associates.

Deal volume in the RIA space is up 30% from last year, and “valuations are at an all-time high," said DeVoe & Company, the San Francisco-based consulting firm and investment bank.

"We agree with the need to strengthen the enforcement program," said CFP Board CEO Kevin Keller on Tuesday, responding to a Wall Street Journal report that found thousands of CFP designation holders had customer disputes or criminal charges on...

The story of Wayne McLeod illustrates how, in broker/dealer land, compliance red flags are often ignored when the broker is pulling in a lot of money.

Belvedere Advisors owns Emotomy, an investment advice platform with customizable options that was designed for financial advisors and asset managers.

Lido Advisors, an RIA in Los Angeles, said Thursday it is taking First Western Financial Inc.'s Los Angeles-based fixed income portfolio management team in-house.

Raymond James Financial reports that its advisor ranks swelled to a record 7,904 in its fiscal third quarter while AUM grew 6% year over year to $143.1 billion.

Deal ensures Schwab is the exclusive referral wealth management provider to USAA members, but given smaller account sizes, "we don't see conflicts in this and the RIA channel," says a Schwab executive.

Integrated Partners, the Waltham, Mass.-based financial planning and registered investment advisory firm, has added San Diego-based Mohr Financial Group to its roster of 141 advisory partners.