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...