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January 24, 2019
Is Wells Fargo Turning Crisis into Opportunity with New RIA Channel Plan?
The wirehouse is scheduled to release more details later this month.
Raymond James's Wealth Management AUM Plunges 10% in Latest Quarter
But quarterly net revenues in the company’s private client group, as well as its quarterly pre-tax income, reached new records.
Ex-LPL RIA Touts Financial Backing Before BD Launch, Offers Equity to Advisors
Pacific Current Group will own 10% of the broker-dealer, while joining advisors will have an aggregate stake of up to 15% in the firm.
Maryland, Nevada Push for State-Level Fiduciary Rules
The Maryland legislature is expected to put forward a bill while Nevada introduced a fiduciary rule to implement legislation passed in 2017.
Scottrade Pushes Back Against Massachusetts’s Top Securities Cop in Fiduciary Case
The company wants an independent officer to hear the case rather than the one appointed by a Galvin appointee.
Merrill Lynch Loses UHNW FAs to High-End Boutique
The Higgins Hall Group and the Embleton Curtis Quackenbush Group join Rockefeller Global Family Office.
Wells Fargo Loses More Reps to Steward Partners
Separately, D.A Davidson has poached several advisors from RBC Wealth Management.
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|