Financial Advisor Blog - Page 91 - Financial Advisor Transitions

Raymond James Acquires TriState Capital For $1.1 Billion

June 9th, 2022

Raymond James has purchased TriState Capital Holdings Inc., a Pittsburgh-based financial services firm boasting more than $12 billion in assets.

Wells Fargo Enforces Policy to Further Restrict Amount of Cash in Adviso...

June 8th, 2022

Earlier this spring, Wells Fargo Advisors began counting money market funds toward a 25 percent limit on cash holdings in advisory accounts in seve...

Advisor Group Receives B- Rating from Fitch Ratings

June 7th, 2022

After Advisor Group announced its plan to acquire a large bank-focused broker-dealer, Fitch Ratings affirmed a rating of debt at B-.

Independent Broker-Dealers With the Most Female Registered Reps

June 6th, 2022

According to a study by Cerulli Associates, only 18.1 percent of financial advisors are women. Listed below are the independent broker-dealers outp...

Merrill Lynch Plans to Transition to 100% Team-Based Practices by 2030

June 3rd, 2022

Merrill Lynch has set a goal to have 100 percent of its advisors assigned to teams by the end of the decade. The firm plans to do this without any ...

LPL Financial Gains $11 Billion of CUNA's Brokerage Assets

June 3rd, 2022

Approximately $11 billion of CUNA Brokerage Services' client assets have moved onto LPL's Institution Services platform. LPL shared that the firm e...

10 IBDs Who Employ The Most CFPs

June 1st, 2022

At the close of 2021, there were approximately 92,055 certified financial planners (CFPs) in the United States. Here is a list of the large indepen...

First Republic Agrees to Pay $1.8 Million Over Revenue Sharing Violations

May 31st, 2022

First Republic's RIA agreed to a censure and will pay more than $1.8 million to the Securities and Exchange Commission (SEC). The SEC alleges that ...

Fundraising For Non-Traded Alternative Investments Total $43 Billion

May 26th, 2022

Non-traded alternative investments have raised $43 Billion year-to-date through April 2022. That represents a 131 percent increase over the same pe...

Advisor Transitions Off to A Slow Start

May 25th, 2022

The total number of transitions of advisors between firms in the first quarter was down 4 percent from the previous three months, according to Inve...