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Eight-person UBS team managing $900 million joins RBC
The addition of Meridian Group gives the firm a Roanoke, Virginia, footprint
Four-adviser UBS team managing $1.08 billion joins Raymond James
Group will join firm’s Deer Park, Illinois office in Chicago’s northwest suburbs
Wells Fargo veteran managing $482 million joins Baird
James Galkowski will open an office for the firm in Rochester, Minnesota.
UBS trio managing $560 million moves to Rockefeller
The five-member team is joining the firm’s Newport Beach, California office
RBC adds Merrill trio managing $2 billion
The eight-person Paulson Holman Gatto Group is opening an office in Lake Forest, Illinois.
UBS adviser managing $215 million goes indie with LPL
Chad Taylor launches Seapoint Wealth Advisors in San Diego using LPL's services for breakaway brokers.
UBS ropes in new fee-generating assets in Q1
The wirehouse reported strong results, but also disclosed a significant hit from trading losses after the implosion of the family office and hedge fund Archegos Capital Management.
UBS announces surprise $861 million Archegos hit
Like Morgan Stanley, UBS kept its investors in the dark for weeks about the size of the losses it incurred in the collapse of Bill Hwang's family office.
Why Wells Fargo is adding the eMoney planning tool for its advisers
For years, Wells Fargo Advisors has touted its in-house investment management and planning platform for clients and advisers, called Envision. Now, it is introducing the outside eMoney Advisor.
Wall Street’s ESG club sees huge tax perks
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
Trio managing $550 million at Merrill moves to RBC
MMC Group will be based in RBC’s office in Jericho, New York.
How do you know if it’s time to break away from the wirehouse?
Here are a few telltale indicators that say you’re ready—and some tips to get your journey started.
Wells Fargo FiNet adviser managing $400 million joins LPL
Evan Lereah’s father started the Red Bank, New Jersey-based business 40 years ago.
Banks hone in on wealthy clients
Citigroup plans to 'double down on wealth,' while Merrill's account balances surged 31%.
Duo managing $1.35 billion at Merrill Lynch moves to Janney
Andrew Meredith and Kevin Lindung are based in Towson, Maryland.
Michigan duo managing $350 million at Merrill joins Rockefeller
Low Group, a four-person team, is based in Bloomfield Hills, Michigan.
Morgan Stanley targets $10 trillion in AUM: Gorman
The wirehouse reported new records for net new assets of $105 billion, up 43% from the end of December and an increase of 183% from the same period a year earlier. 'My target is $10 trillion of money under management,' said CEO James Gorman. 'I've told the team internally, they hate that.'
Merrill Lynch client balances climb 31% year over year
While assets increased, adviser head count at the thundering herd dipped. The company is looking to expand in key markets like San Francisco, Florida and another half-dozen locales.
Wells Fargo adviser head count slips 8% year over year
The decline is expected to continue over the next six months as the bank closes its international wealth management business. The embattled bank recently revised how it tallies its adviser head count total and this year began including about 800 to 900 private bankers and portfolio managers.
Adviser managing $500 million at Wells Fargo joins RIA
Lisa Quadrini moves to Brandywine Oak Private Wealth in suburban Philadelphia.
