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Merrill Lynch veteran Michelle Avan dies
Avan recently became SVP and head of global women's and under-represented talent strategy, global human resources for Bank of America.
BlackRock, Wells Fargo delay return to office on Covid concerns
The shifts signal that the financial services industry is rethinking its return-to-office plans as the highly contagious delta variant sweeps across the country.
Wells Fargo duo managing $266 million goes indie with Raymond James
Jeff Anderson and Doug McClure of Bothell, Washington, affiliate through Mainspring Wealth Advisors, an office of supervisory jurisdiction.
Merrill Lynch quintet managing $427 million moves to Raymond James
The family-based team is joining the firm's employee unit and opening an office in West Fort Worth, Texas.
Wells Fargo taps Tyers to head independent advisor group
The former AdvisorEngine exec will oversee FiNet, First Clearing and the wirehouse's RIA business.
Wells Fargo adviser managing $300 million leaves for RIA
Chad Bester is joining Mount Yale Capital Group in Minneapolis.
Duo managing $239 million at Wells Fargo leave for Stifel
Tim Devlin and Michael Jeremiah are joining the firm in Spokane, Washington.
Banks making cheap loans to the ultra-rich
Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.
Why are so many Merrill Lynch advisers leaving?
Whether they're inclined to stay or to go, advisers owe it to their clients and themselves to pay attention to the subtle, but important, changes happening at the company.
As in-person conferences restart, attendees want one thing above all else
New report shows financial adviser conference attendees are less impressed with sponsor status than they are with solid content from those sponsors.
Four-woman, $800 million Wells Fargo team goes indie
Miami-based Green Grove Wealth Management is affiliating with Insigneo.
Janney nabs three wirehouse teams managing almost $1.4B
Four reps from Merrill Lynch join Janney, along with six advisers in two groups from Wells Fargo.
UBS wealth management boosts assets as adviser head count slips
UBS in the Americas appears to be focusing on recruiting giant teams of private banking advisers as it continues to see experienced advisers walk to competitors.
Morgan Stanley trio managing $700 million goes indie
Los Angeles-based PBC Private Wealth will use LPL’s strategic wealth services, a unit that supports breakaways.
UBS assets and fee income surge in Q2
The wealth management business saw $25 billion of inflows of net new fee-generating assets across all regions and also made $7 billion in net new loans to rich clients in the quarter.
‘Salary plus bonus’ will arrive at the wirehouses
The switch in the compensation model will arrive silently, via death from a thousand cuts.
Wells Fargo says return to office will look ‘mostly’ like pre-Covid
The bank, with almost 260,000 employees, will start calling workers back to the office on Sept. 7, a process that will continue through October, according to an internal memo.
The outlook for the independent broker-dealer model
For the increasingly fee-based advisers at independent broker-dealers, the transition to the RIA model is likely to pick up speed in the years to come.
Wells Fargo Advisors head count sinks 9.8% annually
Wells Fargo & Co. is revamping its wealth management franchise and such changes often lead to a reduction of the number of financial advisers at large enterprises.
Merrill Lynch adviser head count drops as self-directed investing soars
Merrill Lynch reported a 6% dip in adviser head count and said that 80,000 clients are now using its self-directed investing platform.
