You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Raymond James Financial said it reached a record 8,943 financial advisors as of the end of fiscal year 2025, up 2% from the prior year. The firm reported record trailing-12 production of $407 million for recruited advisors during the fiscal year, up 21% from the prior year.  During an earnings call on Wednesday, Raymond James CEO Paul Shoukry said the recruited advisors represented about $5 ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. After reviewing his 401(k) rollover returns, Sam realized his Fidelity advisor was charging him 1.22% but delivering roughly half the returns of the S&P 500 over the same period. He recently wrote into Suze Orman's "Women & Money" podcast to seek guidance over his concerns. At age 57 with about $500,000 invested, Sam asked Orman, "Is this my wake-up call to get rid of my advisor and put it all in the S&P?" ...

As RIAs look to expand wallet share and attract clients, holistic services like tax planning and preparation have emerged as crucial ventures. Still, not all firms — whether by choice or due to limitations — are taking that path. Research suggests that roughly 1 in 6 firms now include tax preparation among the suite of services they offer to clients. Adoption, however, is far from even across the industry. In an Arizent survey of 250 financial advisors, firms with larger AUM figures ($500 million to $1 bi ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Mariner has recruited an advisor team in Carnegie, Pa., from Commonwealth Financial Network. Strategic Path Retirement, led by advisors Bob Malcolm and Brian Hill, has joined Mariner Independent, the RIA’s 1099 affiliation platform, according to regulatory filings. Hill and Malcolm were with Commonwealth for the last five years. Prior to that, they were affiliated with LPL Financial, which recen ...

New Space Reflects Firm's Commitment to Elevating the Advisor and Client Experience in a Unique, Collaborative Environment NEWARK, N.J. , Oct. 10, 2025 /PRNewswire/ -- Prudential Advisors, the retail arm of Prudential Financial, Inc. (NYSE: PRU), with more than 3,000 financial advisors and fee-based financial planners, today announced the opening of one of its firms' new offices at 101 Crawfords Corner Road, within the iconic Bell Works campus in Holmdel, New Jersey. ...

Core Insights - Financial advisors are recommending a balanced approach to investment portfolios for young investors, considering both short-term goals and risk tolerance [1][7] - The traditional "age in bonds" rule is considered outdated, with the "120 rule" being suggested for stock allocation [4][7] - Current market conditions, including high long-term Treasury yields, support the inclusion of fixed income in investment portfolios [8][9] Investment Strategy - A young engineer client is saving for a house down payment in five years, leading to a diversified portfolio of 65% equities and 35% tax-efficient bonds [6][7] - The allocation strategy will shift over time to reduce equity exposure and increase fixed income holdings as the down payment date approaches [7] - The importance of protecting funds from market volatility is emphasized for short-term goals [7] Market Conditions - Long-term Treasury yields are at their highest levels in nearly two decades, creating a favorable environment for fixed income investments [8] - Higher interest rates may shift the investment landscape, potentially impacting sectors like equities and real estate [8][9] - Financial advisors recommend diversifying with high-quality bond ETFs and mutual funds to mitigate risk [9]

Core Insights - Raymond James Financial Services has welcomed financial advisors Paul Williamson and Matt Hamilton, enhancing its independent advisor channel [1][2] Group 1: Advisor Transition - Paul Williamson and Matt Hamilton previously managed approximately $200 million in client assets at Commonwealth Financial Network [2] - They are joined by Registered Sales Assistant Donna Clark and Bookkeeper & Client Relations Manager Mary Williamson [2] Group 2: Advisor Background - Paul Williamson has a background in healthcare as a respiratory therapist before transitioning to financial services in 1994, with 15 years at Commonwealth Financial Network [3] - He holds multiple certifications including CERTIFIED FINANCIAL PLANNER®, Retirement Income Certified Professional, and Accredited Investment Fiduciary [3] - Matt Hamilton began his career in 2017 and also holds the CERTIFIED FINANCIAL PLANNER® and Accredited Asset Management Specialist designations [4] Group 3: Company Overview - Raymond James Financial Services, Inc. supports independent financial advisors and has approximately $1.69 trillion in total client assets as of August 31, 2025 [5]

Typically, this is charged on an annual basis. For example, say that your financial advisor charges 1% and manages $100,000 on your behalf. That year, they would charge you $1,000.This is very common, and it’s what people mean when they say that they are paying “X%” to their financial advisor. Here, the advisor charges a percentage of the assets that they hold and manage on your behalf.Under a performance structure, the financial advisor receives an additional payment if they meet a specific financial bench ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A Florida-based former registered advisor who evaded authorities for several years has pleaded guilty to defrauding the owners of advisory firms and their investor clients, as well as to fraudulently obtaining Paycheck Protection Program loans during the COVID-19 crisis. According to the Justice Department, Jared Dean Eakes, 34, of Jacksonville, Fla., pleaded guilty to wire and bank fraud and face ...

Core Viewpoint - UBS has initiated a lawsuit against a team of advisors managing $1.4 billion in assets who recently left to establish Loxahatchee Capital, alleging violations of non-solicitation agreements under the Aspiring Legacy Financial Advisor (ALFA) program [2][5]. Group 1: Lawsuit Details - The lawsuit targets Managing Partner Andrew Plum, partners Thomas Cullen and Taylor Marsh, and Principal Kathleen Burke, with UBS seeking a temporary restraining order and expedited discovery [3]. - UBS claims that virtually all clients serviced by the defendants were subject to non-solicitation restrictions, and the retiring advisors are entitled to payments through 2027 and 2028 [5]. - The team has already transferred $200 million in client assets, which UBS argues is a breach of the agreements [5]. Group 2: ALFA Program Overview - The ALFA program allows advisors to inherit clients from retiring UBS advisors, with retiring advisors receiving payments over five years based on the revenue generated by their accounts [4]. - Advisors inheriting client accounts must sign agreements prohibiting solicitation of those clients for a specified period if they leave UBS [4]. Group 3: Accusations Against the Breakaway Team - UBS accuses the breakaway team of misappropriating confidential client information, including printing over 1,100 pages of client account statements before their departure [6]. - The firm also claims that the new team's representation of their experience is misleading, as the date mentioned on their website refers to a retiring advisor from whom they inherited clients [7]. - UBS asserts that the defendants are not only attempting to take former clients but are also misrepresenting their experience to potential new clients [8].