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Morgan Stanley beats ex-Fla. advisors’ claims to deferred compensation
Expect to see more inconsistency around deferred compensation claims, says one attorney.
Wells Fargo says five pivot points in the US economy will drive growth for 18 months
CIO sees growth for both equities and fixed income, with the right choices.
UBS swipes $470M Colorado advisor team from Morgan Stanley
The firm has also welcomed a new market leader to its Pacific Northwest division, as well as a New York-based advisor focused on LGBTQ clients.
Morgan Stanley loses another deferred comp claim to ex-advisors
Financial advisors are using ERISA to argue they are owed deferred compensation.
Merrill Lynch agrees to nearly $20M settlement for racial class action
Discriminatory actions at the wirehouse have restricted business opportunities and compensation for African American advisors, alleged four former employees.
Why are senior JPMorgan execs ‘jumping’ to Wells Fargo?
Senior industry executive poses the question after latest switch, this time in investment banking.
Finra bars ex-Wells Fargo broker firm accused of theft
“We’ve done scores of theft cases over the years and it’s a cancer," said one attorney.
UBS snags Morgan Stanley advisor in California
The latest hire at UBS boasts a bicoastal book, with clients across both Southern California and New York City.
Merrill scores multibillion-dollar team from JPMorgan
The firm is bolstering its presence in Florida by adding a 12-person group managing $3.5 billion in assets.
UBS swipes another advisor duo from Goldman Sachs
The wirehouse is expanding its presence in New York City as it adds another high-net-worth pair to its bench.
LPL signs $200M duo from Wells Fargo
Based in Texas, the two are starting their own practice, with one advisor’s father joining the team.
Morgan Stanley downplays AML scrutiny for wealth clients
CEO says it's nothing new to be talking to regulators.
UBS reportedly faces $20B capital hit under proposed Swiss reforms
The Swiss Finance Minister wants systematically important lenders to have full capital backing against their foreign units.
Advisor attrition dropping at Merrill Lynch
Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched.
Morgan Stanley trading, wealth management units beat expectations in Q1
Net new assets for the wealth unit totaled $95 billion, higher than the two previous quarters combined.
Fed could hike rates rather than cut them: UBS strategists
Given strong US growth and sticky inflation, the Fed's next move could be to tighten again, pushing its benchmark rate as high as 6.5 percent.
Raymond James adds advisor from Wells Fargo
South Florida-based advisor had been overseeing $105 million in client assets at Wells.
Dynasty Financial helps $550M Merrill team go independent
Six advisors break away from the wirehouse to launch a firm in Alabama.
Stability, finally, at Wells Fargo Advisors?
'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.
UBS boosts its New York presence
The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.
