'Tis the season? LPL points to 'seasonality' to explain the slight bump in the rate of adviser pay in Q2.
The team is joining from Citigroup, where its members had managed more than $2 billion in client assets.
B. Riley Financial had purchased a large stake in National Securities Corp.'s parent in 2018 and bought the remaining shares last year.
Raymond James said that its head count of private client group financial advisers was 8,616 at the end of June, an increase of 203 compared to a year earlier.
The total head count of financial advisers at Ameriprise increased 2% in the second quarter compared to June 2021, reaching 10,245.
The legal expenses linked to UBS' Yield Enhancement Strategy, which featured options, appear to be adding up.
Legal recognition of the title is 'a critical step in recognizing financial planning as a distinct, essential profession,' the organization said.
Jeremy Carlson allegedly acted as an unregistered broker-dealer and salesperson, and engaged in fraudulent practices, according to the state's securities commissioner.
The firm rebranded its registered investment adviser, formerly known as Schwab Private Client Investment Advisory Inc., as Schwab Wealth Advisory Inc.
Meanwhile, Bank of America, like other large financial institutions that employ advisers, is facing regulatory scrutiny over employees' communications.
