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Wells Fargo reps managing $1 billion move to Raymond James
Orlando Garcia and Miguel Viyella join the firm's employee unit in Coral Gables, Florida.
Wells Fargo shuts down personal credit lines
The bank said it will no longer offer the product to customers as part of an effort to simply its offerings.
Discrimination class action suit filed against BofA, Merrill
Two former reps say African Americans received less pay, support than others at the firm.
Morgan Stanley discloses data breach of its StockPlan Connect business
The investment bank was notified of the breach by a vendor that provides account maintenance for the stock plan business. The files did not contain passwords that could be used to access financial accounts, according to a company memo.
Captrust marks 50th acquisition with $2.1 billion RIA
The Raleigh, North Carolina-based aggregator has grown to $60 billion under management and $600 billion under advisement, and claims "no end in sight."
Wirehouses fall flat on adviser satisfaction: J.D. Power
Despite payout rates and branding that suggest higher levels of support, the top brokerage firms are not meeting adviser expectations, according to a recent survey of over 3,000 advisers.
Merrill Lynch rep managing $250 million goes indie with LPL
Joseph Myer has formed Veritas Capital Management in Ashburn, Virginia, and is affiliating with LPL through Gladstone Wealth.
Wells Fargo duo managing $580 million joins LPL
Steven Carlsen and Sathya Chey are forming a firm, Arise Private Wealth, in Rolling Hills Estates, California.
UBS will let two-thirds of employees adopt permanent hybrid work
The bank hasn't set a date for returning to the office. Employees can start applying for hybrid work once local pandemic rules allow them to return full-time to the office.
Merrill Lynch duo managing $211 million moves to Stifel
Bill Wade and Reid Berry are opening an office in Brentwood, Tennessee.
Merrill team managing $842 million bolts to Raymond James
The four advisers in Salt Lake City, who operate as Williams & Townsend Wealth Management Partners, are joining the firm's employee unit.
Morgan Stanley to require vaccinations to enter New York offices
The firm said the goal is to help create a normal office environment, without a need for face masks and physical distancing.
Wells Fargo team managing $800M joins Snowden Lane
Led by Tony Esses, the group based in Coral Gables, Florida, focuses on Argentinian investors.
Team managing $1.3 billion at Wells Fargo goes indie with LPL
The six-adviser group led by Larry Boggs is forming Boggs & Co. Wealth Management in Cumberland, Maryland.
Bank of America makes Juneteenth a holiday, joining JPMorgan, Wells Fargo
The banks told U.S. employees they'll receive a floating paid day off to mark the holiday commemorating the end of slavery in the U.S., which President Biden signed into law Thursday.
Team managing $1 billion at Wells Fargo goes to RBC
The four-adviser Seidler Cattich group is joining the firm in San Francisco.
Billion-dollar UBS team in Chicago suburbs goes indie
The six-adviser team, Puzzle Wealth Solutions, is affiliating with LPL Financial through OSJ Gladstone Wealth Partners.
Merrill Lynch, Morgan Stanley top execs say recruiting changes worked
Driving the recruiting overhaul at wirehouses over the past few years has been the tremendous expense of recruiting experienced financial advisers.
Duo managing $315 million at Wells moves to Raymond James
Bobby Conville Jr. and Earl Smith are joining the firm's employee unit in Ruston, Louisiana.
Morgan Stanley brings in ETrade executives
The investment bank is putting the finishing touches onto its $13 billion purchase of ETrade Financial, and has benefitted from ETrade’s direct, online access to a younger group of clients.
