UBS Wealth Management Americas has added Michael Russell, Sean Russell and Philip Giammarino to its Port Jefferson, N.Y., office. The three join from Wells Fargo and will report to Robert Limmer, complex director. Amy Whittington has joined JHS...
Financial advisor David Rae started riding in the AIDS Life/Cycle race just four years ago, and he has since gotten heavily involved in recruiting and fund-raising for the event. The seven-day race, which raised $11 million last year for Los...
If you are not talking to your client about retirement planning, someone else probably is and stands a good chance of garnering those assets, according to The Secret Knock: Unlocking the Retirement Opportunity, a recent report by Pershing LLC and...
Ameriprise needs to find a buyer for Securities America in a hurry. Many advisors, including large producers, are likely to leave now that Ameriprise's intention to sell has been made known, sources told Registered Rep. The IBD will probably be...
John Thiel, who rose from the trenches at Merrill Lynch as a financial advisor in Tampa, Fla. to head the firm’s private banking group, will soon lead some 15,000 advisors in Merrill’s U.S. brokerage unit as well, his boss Sallie...
A former Raymond James advisor recently filed suit against the broker/dealer claiming an internal recruiter misrepresented the support, technology and compensation the firm could deliver. After he had joined the firm, he found that Raymond James...
Ameriprise Financial (NYSE: AMP) said its first quarter net income was at $241 million, a 13 percent boost from $214 million a year ago. Meanwhile, the firm reported its best quarterly advisor productivity ever at $95,000, up 23 percent from 2010...
LPL Financial reported net income of $49 million, or 43 cents a share for the first quarter of 2011, a 92 percent jump from the first quarter of 2010. Revenues grew 17.5 percent from the year ago quarter to $873.9 million. Nearly 70 percent of...
Ameriprise Financial (NYSE: AMP) plans to sell its independent broker/dealer unit Securities America, according to the company’s first quarter earnings report released today. Meanwhile, the firm is still in the process of finalizing a...
In a disappointing quarter for Morgan Stanley, the firm’s global wealth management group was, once again, a bright spot, with revenue, earnings and client assets up, though advisor headcount and pre-tax profit margins were down. Morgan’...
