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Content tagged "Raymond James"



Wayne Bloom:  We're really a great big RIA.

What's up with J.D. Power naming Commonwealth top IBD for the fourth straight year
One trick, Wayne Bloom says, is that he relentlessly squeezes feedback out of his 1,600 advisors

Wednesday 7.2.14
Paul Reilly: To be the premier alternative to Wall Street we want to have the size and scale and products of any Wall Street or custodial firm, but keep our Main Street values.

Raymond James lets six advisors steal the show at its national event with TED-style talks
RJFS's president denounces DOL changes as 'unhealthy' and its CEO discloses its strategy for becoming the No. 1 go-to for RIAs

Wednesday 6.4.14
Mike Maurer: We've coached their kids in little league and gone to weddings and funerals with them.

How Ex-Morgan Stanley powers are rolling up ex-colleagues and how big Raymond James cash fits into the picture
Steward Partners Global Advisory will custody all its assets at RJ but won't have to foot the bill for signing bonuses

Monday 5.12.14
Greg Friedman and Neesha Hathi may symbolize how companies like his Junxure and her Schwab are getting close, but not too close.

How big companies stampeded to T3 with big bucks and how it affects the once maverick RIA software show
Broker-dealers, custodians, Salesforce and TAMPs are paid more and played more in Anaheim

Thursday 2.13.14
 Raymond James recruited Becky Wiles, Terry Wiles, Heather Monzote, Ryan Smith and two hound puppies, Maia and Sky, in December.

The story behind how Raymond James won two big teams from LPL and Wells Fargo in the past couple of weeks
When the mid-sized Florida broker-custodian takes on bigger giants, it plays the little-guy card

Tuesday 1.7.14
Mark Tibergien in Part II: The balance of power has shifted to advisors, regardless of whether they are on a broker-dealer platform or a custody platform.

Part I: Is the era of the monolithic RIA custodian coming to an end?
RIAs, small custodians, co-ops, study groups, roll-ups, TAMPs, compliance shops, OSJ and IBDs are all chipping away at much of what fit under the roofs of Schwab, Fidelity, TD and Pershing

Friday 11.1.13
New York brings out the grand-strategy-explaining mood and Dina met Bill Van Law in at this Manhattan hotel lobby to get him to talk LPL.

A few things I learned about the Raymond James RIA effort in an NYC sit-down with Bill Van Law
The St. Petersburg, Fla. company's appraoch to the RIA business will be to do more for bigger RIAs that hunger for fuller custody service

Thursday 8.8.13
Bill Van Law: We saw advisors who ... left for an RIA model, and that was disturbing. That reinforced that the strategy wasn't going to work going forward unless we created something more competitive.

After 'disturbing' RIA losses at Raymond James, Bill Van Law is going on offense -- starting with hires of veteran LPL and Fidelity execs
The big Florida custodian and broker is finally holding itself accountable to a stiff target -- doubling to $16 billion in two years -- as it buys up expensive talent while cutting prices

Tuesday 7.23.13
Chet Helck: We're confident, but this is one that we can't give up being vigilant about.

Raymond James' two-hatted Helck addresses his advisor crowd on both levels
The CEO believes a 20-year war may yet be won

Tuesday 4.30.13
Mark Casady: When our same-store sales are up, then recruiting is typically down.

LPL, Raymond James and TD data -- and Walt Bettinger, Mike Durbin comments -- reveal rotten first quarter for breakaways
Mark Casady's explanation is hard to swallow for Danny Sarch, Mindy Diamond; Bettinger inveighs against 'rat trap' of checkbook recruiting; Ryan Shanks says advisors are "numb to the chaos"

Friday 4.26.13
Rex Whiteside: Wealthy people are also craving coordination among their own advisors.

Two Raymond James advisors relate details on how they segmented clients to get big and successful
At the broker's annual event in Dallas, two advisors told their stories with generous details

Thursday 4.25.13
Scott Curtis says the payout changes were made with RIA custodians like Schwab, TD Ameritrade and Pershing in mind more than broker-dealers.

Raymond James launches 'phenomenal' RIA-like pay structure to the $100 million set
The custodian hopes its keep-all-the-gravy pay scheme will keep its own advisors from defecting and win would-be RIAs

Tuesday 3.19.13
Douglas Hodge: We privatized profit and socialized losses.

New York conference: SIFMA wants members to be like RIAs -- minus the same rules of accountability
Alan Greenspan jumped in on the mea-culpa-fest that included bracingly frank comments from a top Pimco official

Wednesday 10.24.12
Meg Green: If you ask a question, I'm going to answer.

Sterne Agee makes its RIA custody debut after customizing for Meg Green's $650-million RIA
It started as 25 people with notepads and Southern accents surrounding the Royal Alliance-using Miami--based advisor principals

Wednesday 9.5.12
Sheri Smith was hired to create a river of referrals flowing to United Capital's 38 offices

United Capital makes three exec hires, including a veteran recruiter from Raymond James
The big Newport Beach, Calif.-based RIA and consolidator is putting big dollars toward turning existing offices into marketing and recruiting machines

Wednesday 7.11.12
Chip Roame sees a coming explosion of discount brokerage branches.

8 notable takeaways from the spring 2012 Tiburon CEO Summit
The breakaway movement still depends more on Wall Street's moves than Main Street's moxie

Wednesday 4.18.12
David Lo: Firms struggling with the key best practices identified in the study are also paying the highest retention and signing bonuses.

J.D. Power and Associates hints strongly at wirehouse deficiencies as it puts Commonwealth Financial and Raymond James on a pedestal
The two firms ranked one and two for independent advisor satisfaction among financial investment firms; Schwab is third in the employee-advisor category

Thursday 3.29.12
Bill Van Law: The RIA space is where the growth is. We looked at it and said: "We're not really capturing it"

Raymond James launches a separate RIA unit and appoints a former Merrill Lynch breakaway to head it
Calling the RIA business a 'strategic imperative', Chet Helck is making Bill Van Law the founding president of the RJ investment advisors division

Monday 2.13.12
Mike DiGirolamo: We've been working on this for about two years.

How some RIAs are starting to end up with Raymond James as their custodian
Five are joining RJ from a Buffalo, NY B-D that is closing its doors after 80 years

Thursday 12.22.11
Scott Curtis: Going over to the independent contractor model is kind of like going back to where I started.

With Dick Averitt retiring, Raymond James taps a star from within to take on LPL
Scott Curtis' background includes GE Financial, Raymond James and life as the son of a Dartmouth coach

Thursday 12.8.11
Catie Tobin: RBC intends to double its RIA assets from $10 billion to $20 billion by 2015.

A peek inside the rising RIA custodians fighting to overtake the Big Four
RBC, LPL, TCoA, Scottrade and National Advisors Trust are all pushing to gain the critical mass to get past also-ran status

Tuesday 11.29.11
Jim Weil: There was no straw that broke the camel's back. There was no dirty secret.

Big Chicago advisory firm exits Raymond James; forms its own RIA with Pershing
After a dozen years with the big broker-dealer, the group saw advantages to using NetX360 and working with Mark Tibergien

Friday 10.7.11
Andrew Rogers: A robust sales function is also crucial to an advisor's successful fund launch.

Why many RIAs should start a mutual fund, considering the limitations of SMAs
A little daunting, sure, but advisors - especially ones geared to serving the mass affluent - will find the extra effort worth it

Thursday 10.6.11
Tim Oden: If clients fire the market then they don't need financial advisors.

The booming breakaway market could be slowed by the sick stock market, say Raymond James and Schwab
Dislocation at places like UBS and Merrill Lynch helps recruiters until the point where clients are thoroughly spooked

Friday 9.23.11
Chuck Olsen: Our decision was made before the Ladenburg purchase was even announced.

Three more major firms decamp from troubled Securities America to Commonwealth
The embattled Omaha IBD did not go down without a fight and it may be effectively slowing further losses with retention bonuses

Friday 9.9.11
Brian Hamburger: Rowe faces an uphill battle if he relied on oral statements.

RIA loses $10 million case against Raymond James the old-fashioned way
The case may have turned on the validity of written versus oral agreements

Thursday 8.18.11
Larry Roth: We're attracting more interest and more advisors [than at any time] since I've been in the business. It's not luck. It is our size, scale and platform.

Larry Roth has AIG playing offense again in the advisor game
The CEO is looking for big acqusitions and ways to compete for big RIAs

Friday 7.22.11
Robert Rowe: "When we came on board within three months, we lost a $100 million portfolio because we couldn’t provide accurate performance capabilities. Right off the bat you’re absolutely dead."

Advisor sues Raymond James after he joins one RIA and forms another
Robert Rowe alleges he was misled into leaving Morgan Stanley with his 8-person team

Thursday 4.21.11
David Lucas: They call it cross-selling, but it’s really pestering.

Why one Wells Fargo defector had no use for wirehouses, IBDs or the RIA model
David Lucas chose Raymond James for a supportive, collegial place to ply his commission-based trade

Friday 4.1.11
Paul Reilly: This acquisition reflects Raymond James’ growth strategy as we expand our already significant capital markets reach while adding to our strong private client presence in some key markets.

Raymond James adds 20 advisors, and their $1.9B of assets, as part of investment banking purchase
The Florida broker-dealer sees promise bringing Howe Barnes Hoefer & Arnett clients onto its wealth management platform

Thursday 12.30.10
The buzz at the TD Ameritrade booth was that Tony Blair, Britain's former prime minister, is schedule to speak at TD's annual conference to be held in San Diego.

Eavesdropping on the Women Advisors Forum: Rainmakers share their secrets. Hint: They revolve around finding a niche
Women at the top of the profession have learned to give each other the look: "Like ‘I’ve got your back, sister.’”

Tuesday 12.14.10
Dan Seivert: Several factors that may pave the way for LPL to turn public.

10 reasons why LPL Financial could pull off a hot IPO in a cold market
The big IBD touts its big size, big growth and big recruiting opportunity in SEC filing

Wednesday 11.17.10
Tim Killgoar: The conversations I’ve had [with FAs] – they like the fact we’re going to help them out.

Raymond James seeks to raise client experience without raising advisor hackles
The job of Tim Killgoar is to have the corporation have its own positive relationship to end clients -- without infringing on its financial advisors

Friday 8.20.10
Barnaby Grist: If you fit into the LPL box, that’s a great place to be, but if you like to do things your own way, you probably want to go to an environment that’s more customized to your needs.

Cetera Financial shores up its technology as it prepares to take on LPL for big hybrid RIAs
The face-lift of the old ING broker-dealers is starting with a big investment in Advent Software

Wednesday 6.23.10
Nicole Spinelli: The symposium, along with the Network’s other events and programs held throughout the year, is designed to supercharge the success of women financial professionals across the nation

Raymond James names new head of its Women's Network
Nicole Spinelli brings recruiting experience and a women's studies babckground

Thursday 5.27.10
The breakaway team held conference calls with LPL in David Armstrong's car.

Two years later, a Merrill Lynch breakaway team has no regrets
No one took a pay cut, no one is answering to a manager anymore, and there's never a question about buying a stapler

Friday 5.21.10
Matthew J. Schafer: It’s just playground rules at a time [when] duress or stress might be high.

SIFMA will take over administration of Broker Protocol list
Wachtell, Lipton, Rosen & Katz gives up reins of legal truce after list of participants balloons to 471 firms

Thursday 5.6.10
John Peluso: He leads a network that offers a middle way when it comes to independence.

Wells Fargo emerges as independent channel competitor
Third-largest wirehouse had a banner year in 2009, in space inhabited by LPL, Raymond James

Thursday 4.15.10
Legislators haven't been under this much pressure to reform financial services since after the Great Depression.

Regulatory Wire: Everything an RIA needs to know about the reform agenda in Washington
If major change doesn't occur, it won't be for lack of effort

Friday 4.9.10
Christopher Dean, managing director of Summit Partners in Boston, invested VC money in RIAs

10 things that show the RIA movement is really heating up in 2010: Part I
Observers need a scorecard to keep track of all the advances that RIAs are making

Monday 3.22.10
James Poer: NFP Securities has undergone a vast evolution and now aims to serve a broader market.

With Schwab [and maybe Fidelity] as custody partners, NFP is positioned to make a run at the hybrid market
If NFP IndeSuite catches on, the success could make up for some struggles on the roll-up side of the business

Friday 3.19.10
Charles Huebner: You can see it in their eyes. They say: You can tell what it is like to take the risk.

Two senior UBS brokers pass on retirement to pursue aggressive breakaway plan
Huebner and Jagger are winding up, not down with multi-faceted growth strategy

Tuesday 3.16.10
Steve Bartlett: If we can move the needle and get our hundred companies into the automatic transfer [system], it will change the economy of this country in a profound way in a few short years.

Giant push is on in Washington to create a nation of savers
Banks are taking the lead but companies like Fidelity Investments, Raymond James, and Edward Jones plan to jump aboard

Monday 2.22.10
Chet Helck: We are still attracting top-tier advisors

Raymond James wins breakaway brokers that are 'pragmatists'
With the get-me-out-of-here mentality mostly gone, a breakaway of a more deliberate stripe steps forward, recruiter says

Saturday 2.13.10
Derek Bruton's hybrid RIA platform receives an endorsement from an unlikely source: Morgan Stanley

Top 10 findings of Morgan Stanley report include: Schwab as the best RIA custodian, LPL for highest advisor satisfaction
Wall Street's endorsement of the RIA model is a sign of the times in the industry, analysts note

Tuesday 2.2.10
Brooke Southall: The Custody Project has grown to do justice to the scope and quality of the material it covers

Asset Custody Project rolls forward
The scope of the RIABiz plan for 2009 recaps and 2010 outlooks of RIA custodians took on a life of its own

Monday 2.1.10
Derek Bruton is now in charge of LPL's hybrid business after years of RIA experience with Merrill Lynch, TD Ameritrade and Schwab

LPL's hybrid RIA platform is fast off the mark and names new leaders for 2010
The giant IBD has already surpassed Raymond James' RIA assets but Derek Bruton plans to build on momentum

Monday 1.25.10
Hybrid tomatoes have their advantages and so do hybrid RIAs

5 Reasons why the hybrid RIA model may be a bigger deal than ever
Someday all advisors could be hybrid-like under FINRA

Thursday 1.14.10
Expect to hear more in 2010 from Mike Durbin, who leads Fidelity's fast-growing RIA custody unit

Percolating: RIA custody roundup for 2010
New faces, new programs, new technology and new assets

Thursday 12.31.09
Like Tom Turkey, many RIAs were thankful to survive 2009

Taking A Break From the Turkey?
RIABiz's top 10 stories from the past month offer a window into what RIAs care about

Thursday 11.26.09
Tom Ruggie: "Some things I’ve been pleased with and some things I’ve been disappointed with but both [Raymond James and LPL] are bending over backward to [help] and keep the business.”

Why Raymond James is getting an LPL advisor's wealthiest new clients
Tom Ruggie started a new RIA but kept his LPL practice intact

Tuesday 11.3.09
Mike Di Girolamo: “Advisors want to find out who their peers are.”

Raymond James shows it's serious about winning bigger RIAs
Raising minimums is part of creating an atmosphere more conducive to elite advisors

Thursday 10.22.09
Brooke Southall: I separate brokers as people from brokers as an institution

Welcome to RIABiz on day one
Online publication for financial advisors debuts from Sausalito, Calif.

Thursday 8.6.09

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