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Merrill Lynch team managing $650 million joins LPL
Four-adviser NorthEnd Private Wealth is launching in Greenville, South Carolina; it is affiliating with LPL via its Strategic Wealth Services offering.
UBS loses $371,000 claim linked to options strategy
UBS has been hit with a rash of arbitration claims over strategies investors say damaged them, and most recently it saw a wave of investor complaints over Puerto Rico bonds and bond funds.
Yankees great Derek Jeter joins board of Rockefeller Capital Management
Jeter, whose teams won five World Series, retired from baseball after the 2014 season and is currently the CEO of the Miami Marlins.
Morgan Stanley exited part of Archegos holdings before most rivals
The bank's sale of $5 billion of shares owned by Archegos on March 25, the day before the deluge of block trades by other firms, helped Morgan Stanley emerge largely unscathed from the fund's flameout.
Duo managing $200 million at Wells Fargo joins Baird
Veteran advisers Kellie Rixse and business partner Jeff Todd make move in Anchorage, Alaska.
UBS team managing $630 million moves to Rockefeller
Five-person Adapt Partners is joining Rockefeller in San Antonio
Merrill Lynch advisers can now send video account summaries
Say goodbye to PDF documents and hello to narrated and personalized videos for client accounts.
Wall Street banks summoned by regulators over Hwang’s blowup
The Securities and Exchange Commission summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s Archegos Capital Management.
UBS considers workplace changes in U.S.
In response to employee feedback, the bank is seeking to improve engagement in underrepresented communities and considering allowing employees greater flexibility to work remotely.
$200 million Wells Fargo rep switches to LPL
Tim Vanderloo is joining Silverleaf Wealth Management, an LPL affiliate in Omaha, Nebraska.
Merrill Lynch team managing $1.3 billion joins Rockefeller
The four-adviser, eight-person Hambleton Fieler Group is based in Cincinnati, Ohio, and will be Rockefeller's first private wealth team in Ohio.
Get ready for a breakaway stampede in 2021
The events of the past year have set in motion several factors that have contributed to a surge of pent-up interest in breaking away.
Team managing $750 million at Merrill Lynch moves to UBS
The four-person, two-adviser unit will partner with an existing group at UBS Private Wealth Management in Kenwood, Ohio.
Wells Fargo stops using Abbot Downing name for high-net-worth unit
The bank's business of managing ultra-rich clients' money will be moved under the Wells Fargo Private Bank brand.
Wells Fargo team managing $400 million moves to UBS
The father-and-son team at Dawson Wealth Management Group joins the wirehouse in San Diego.
Team managing $600 million at Merrill Lynch goes to Rockefeller
A three-adviser, three-associate team is joining the firm in San Antonio.
More changes at Wells Fargo Advisors, this time to management
The bank continues to cut costs and simplify its broad wealth management business. Just last month, Wells Fargo said it was selling its asset management business, with $600 billion in assets, to two private equity managers.
Wells Fargo team managing $225 million moves to Baird
Doche Financial Consulting Group is based in Scottsdale, Arizona
Merrill Lynch team managing $1.25 billion goes indie
Amplius Wealth Advisors in Blue Bell, Pennsylvania, affiliates with Dynasty Financial Partners.
It’s final: Morgan Stanley owns Eaton Vance
CEO James Gorman says the acquisition advances the wirehouse's 'transformation’ by adding fee-based business.
