Andrew Welsch

Rivendell

Wealth Management Reporter at Barron's

Wealth management reporter at Barron's (@barronsonline). Previously managing editor at @finplan. Alum of @newmarkjschool. Tips welcome! DM for Signal.

Articles

Raymond James Reports Earnings Miss. Investment Banking Fell Short.

1 day ago | barrons.com | Andrew Welsch

Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth managment professional and would like access to the Barron's Advisor experience, please provide the information below. If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at [email protected].
LPL Financial Sues Ameriprise for Allegedly Misleading Data Breach Notices

6 days ago | barrons.com | Andrew Welsch

Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth managment professional and would like access to the Barron's Advisor experience, please provide the information below. If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at [email protected].
LPL Financial Sues Ameriprise for Allegedly Misleading Data Breach Notices

1 week ago | barrons.com | Andrew Welsch

There is a new twist in the multifaceted legal war between wealth management companies LPL Financial and Ameriprise. LPL this week sued its rival for allegedly sending misleading data breach notices to LPL customers who had moved their investments to the company after their financial advisors left Ameriprise to join LPL.
Heckenberg’s Constellation Takes Minority Stake in Procyon Partners

1 week ago | barrons.com | Andrew Welsch

Karl Heckenberg’s private equity firm Constellation Wealth Capital is buying a minority stake in Procyon Partners, a registered investment advisory firm that oversees more than $8 billion in assets. The firms didn’t disclose terms of the transaction. Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here.
LPL Is Buying Commonwealth. Now It Has to Win Over Its 2,900 Advisors.

1 week ago | barrons.com | Andrew Welsch

April 15, 2025, 4:05 pm EDTLPL Financial’s March 31 announcement that it will acquire rival Commonwealth Financial Network for approximately $2.7 billion came after intense negotiations that included a Florida beach-side meeting between LPL CEO Rich Steinmeier and Commonwealth founder Joseph Deitch. That phase may have been the easy part. Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here.
Charles Schwab Earnings: Investors Focus on Growth Amid Tariff Turmoil

1 week ago | barrons.com | Andrew Welsch

April 16, 2025, 4:35 pm EDTCharles Schwab kicked off the year with a renewed focus on growth. When the company reports earnings on Thursday, investors will look for signs Schwab can meet its growth goals amid a market that has been rocked by tariffs and economic uncertainty. Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here.
Morgan Stanley, Citi Slash Earnings Estimates

1 week ago | barrons.com | Andrew Welsch

April 14, 2025, 2:36 pm EDTUncertainty triggered by fast-changing tariff policy is prompting Wall Street to reconsider forecasts for corporate profits, economic growth, and the stock market. The outlook has quickly moved from bullish to pessimistic. Morgan Stanley and Citi analysts are the latest to change their tune. Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here.
Interactive Brokers’ Earnings Climb on Spike in Trading Volume

1 week ago | barrons.com | Andrew Welsch

Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here. If you're a wealth managment professional and would like access to the Barron's Advisor experience, please provide the information below. If you're not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us at [email protected].
LPL Is Buying Commonwealth. Now It Has to Win Over Its 2,900 Advisors.

1 week ago | barrons.com | Andrew Welsch

April 15, 2025, 4:05 pm EDTLPL Financial’s March 31 announcement that it will acquire rival Commonwealth Financial Network for approximately $2.7 billion came after intense negotiations that included a Florida beach-side meeting between LPL CEO Rich Steinmeier and Commonwealth founder Joseph Deitch. That phase may have been the easy part. Welcome to Barron's Advisor! Our articles are free to Barron's subscribers and wealth management professionals. To subscribe to Barron's, click here.
If Wall Street CEOs See a Recession, Their Guidance Isn’t Showing It. Yet.

1 week ago | barrons.com | Rebecca Ungarino |Andrew Welsch

“Turbulence.” “Continued volatility and uncertainty.” “Beyond anything I could have imagined.”Wall Street chief executives’ cautious-to-downbeat remarks about the economy on Friday stood in contrast with their firms’ first-quarter showings and their outlooks for the rest of the year. JPMorgan Chase, Wells Fargo, and Morgan Stanley reported solid earnings results, while BlackRock posted another quarter of record assets.