Displaying 114 results
Virtual Attraction
There is no doubt recruiting has slowed as the financial advice industry deals with broad changes caused by the coronavirus. Can broker-dealers still recruit reps and advisers, even during a pandemic?
Morgan Stanley denies report that it plans independent platform for advisers
Report states the wirehouse is contemplating a move to independence for some advisers
UBS warns earnings may take a hit amid pandemic
The bank's first-quarter profit jumped 40%, while wealth management business took in $12 billion in net new money
Morgan Stanley’s Gorman sees more remote work in future
Will large firms look to cut real estate costs now that the pandemic has proved the viability of working from home?
Morgan Stanley sees wealthy sticking with cash
The wirehouse's clients have been shifting from stocks into cash or cash equivalents
Billionaire clients at UBS keen on turnaround opportunities
The firm's sophisticated investors are looking at opportunities ranging from refinancing existing debt to addressing margin calls
Mariner partners with Dynasty to launch platform for breakaway brokers
Advisers joining the platform will run independent businesses with middle- and back-office support
Merrill Lynch pulls back on adviser trainee program
The COVID-19 pandemic made it impossible for in-person interviews of potential advisers
Wells Fargo reduces minimums on robo platform
Fees for Intuitive Investor cut to 30 basis points for preferred customers
Morgan Stanley’s Gorman: I recovered from COVID-19
The CEO tells employees in a video that he isolated himself at home
UBS pledges $2 billion to aid small businesses via U.S. plan
Enterpreneurs make up a big part of the firm's US client base, it says
Wells Fargo suspends job cuts
It joins Citigroup and Morgan Stanley, as well as some European banks, in pledging to preserve jobs amid the pandemic
Wells Fargo Advisors reverses plan to charge more clients an account fee
The firm is altering a plan that was unpopular with some advisers
Morgan Stanley CEO vows no layoffs in 2020
The bank's shares are off 30% so far this year amid concerns about loan losses and the impact of low rates on margins
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’
Charles Scharf told the House Financial Services Committee that the bank had a 'flawed business model' and that its 'culture was broken'
Wells Fargo’s chair quits ahead of Capitol Hill hearing
Betsy Duke is scheduled to appear before the House Financial Services Committee Wednesday
UBS CEO Ermotti to become chairman of Swiss Re
The news ends speculation that Ermotti might try to succeed UBS chairman Axel Weber
Wells Fargo pays $3 billion to settle federal probes
The deal allows the bank to avoid a criminal conviction for its sales abuses
Morgan Stanley takes cue from Merrill with ETrade deal
Will ETrade become a part of its business where Morgan Stanley can vet young advisers?
Rudy Adolf takes swipe at wirehouse brokerage after Morgan deal
Focus Financial CEO says Morgan Stanley's purchase of ETrade shows traditional brokerage model is broken
