The Practice: Staffing and recruiting

Wealthspire Advisors to Add $194M RIA

December 2, 2022No Comments

The latest addition is Nevada-based Sage Financial Advisors.

Wells Advisors Managing $180M Bolt for Prospera

December 2, 2022No Comments

Twin River Wealth Management, led by Thayer Potter, joins Prospera in Pennsylvania.

BlackRock CEO: Most Crypto Firms Will Fail in Wake of FTX Collapse

December 2, 2022No Comments

BlackRock invested some $24 million in the cryptocurrency exchange, Larry Fink said, adding that he still believes in crypto’s underlying technology.

Morgan Stanley to Make ‘Modest Cuts’ of Staff, CEO Says

December 2, 2022No Comments

James Gorman said the firm will let “some people” go “all over the globe,” without specifying numbers.

Schwab to Hire 400+ in Orlando, Including in Wealth Management

December 2, 2022No Comments

The new jobs, which the firm plans to fill throughout 2023, are in wealth advisory teams, advisor services, client service and support, and operations, according to the Orlando Business Journal.

RBC Wealth Management U.S. Assets Dip, Revenue and Advisor Count Climb

December 1, 2022No Comments

The firm’s U.S. wealth management business is adding banking products and advisors to drive growth, according to its president, Dave McKay.

Morgan Stanley’s New Comp Grid Zeroes in on Pulling in New Assets, Loans

December 1, 2022No Comments

The wirehouse made minor changes to bonus payouts and other elements, including an incentive to get sub-$250,000 clients to move more money to the firm.

Home Office News: Wires Hang Help-Wanted Signs (Experience a Plus!); Alts at LPL; Morningstar’s ESG Analytics

November 30, 2022No Comments

A roundup of key updates from major broker-dealers, registered investment advisors, custodians and other distributors.

Davidson Investment Advisors to Acquire $1.3B Asset Manager

November 30, 2022No Comments

The addition of Caprin Asset Management is intended to boost Davidson’s capabilities in fixed-income investments.

Alts-Focused Investment Manager Launches RIA

November 30, 2022No Comments

Ballast Rock Group has formed Ballast Rock Private Wealth to cater to accredited investors, tapping a Goldman Sachs and Bank of America alum to serve as the new RIA’s CIO.