Dan Shaw

4 days ago | financial-planning.com | Dan Shaw

When it comes to bringing more young people into the industry, Brian Mora has found that nothing succeeds like referrals — from other professionals and even from clients. To support that contention, the senior vice president of experienced advisor recruiting for Ameriprise points to his own experience. In 2000, the year before he graduated college, Mora had proclaimed at a family Thanksgiving dinner that he wanted to become a financial advisor.

1 week ago | financial-planning.com | Dan Shaw

UBS executives recently said that changes to their firm's compensation policies would most likely cause some advisors to make an exit this year. That prediction continued to bear out this week with a large UBS team pulling up stakes to jump to RBC. Meanwhile, both Arax Investment Partners' Ashton Thomas Private Wealth and LPL Financial scored recruiting wins. And Citi filled out its executive ranks with a hire from Merrill. Read about it below.

1 week ago | financial-planning.com | Dan Shaw

RBC's U.S. wealth management business saw its revenue rise slightly in the second quarter, even as its inflows of new assets flatlined. reported Thursday that its U.S. subsidiary RBC Wealth Management saw its revenue rise by just over 6% to $1.73 billion in three months through April. That included contributions from City National, a Los Angeles-based bank RBC bought in 2015. The revenue figure was up in part because of "higher fee-based client assets reflecting market appreciation," according to .

1 week ago | financial-planning.com | Dan Shaw

Chris Moore of Simon Quick Advisors doesn't think there's necessarily anything wrong with accepting private equity capital to fuel growth plans. But the managing partner says his firm hasn't needed it yet, and he isn't aware of any compelling reason why it might consider in the foreseeable future.

2 weeks ago | financial-planning.com | Dan Shaw

Raymond James landed a big one this week with a financial firm moving its $2.7 billion AUM wealth business over from LPL Financial. But LPL wasn't only on the losing end. It picked up teams from and Cetera in its own notable recruiting deals. And Stifel revved up its recruiting engines with a group pulled from Merrill. Check out the details below.