Displaying 2261 results
$1 billion Merrill Lynch team moves to Rockefeller
PBS Wealth Group is located in Newport Beach, California.
Merrill Lynch ramps up wealth unit in Florida
As its wealthiest clients fly south, the wirehouse plans to double the number of teams catering to ultra-high-net-worth individuals in the Sunshine State over the next few years.
Morgan Stanley deal beefs up workplace offering
Privately held companies using law firm Wilson Sonsini's capitalization software will migrate to Morgan Stanley's Shareworks.
Rockefeller nabs $450 million Merrill Lynch team
The pair of advisers in Denver marks the registered investment advisory firm’s first foray into Colorado.
Adviser managing $315 million at Wells Fargo goes indie with LPL
Richard Pakes starts CVG Wealth Management in Santa Barbara, California
Two FiNet teams managing $1.06 billion move to Raymond James
A group with seven advisers in West Virginia and a solo adviser in Ohio switch affiliations.
Wells Fargo gets Fed nod for overhaul plan
Fed officials reportedly privately signaled the bank that they accept its proposal for overhauling risk management and governance, which would move Wells a step closer to getting the cap on its assets lifted.
UBS nabs J.P. Morgan Private Bank team managing $6.5 billion
The group of five advisers, which was with J.P. Morgan for nine years, will join UBS' Century City office in Los Angeles.
RIAs led in a year of recruiting slowed by the pandemic
A year of remote work appeared to accelerate the trend of advisers going independent for more control over their business, and in many cases, opportunities for higher take-home pay. Independent broker-dealers also saw a year of positive gains, though on net the channel was down from 2019.
Talent fight erupts as Wells Fargo exits foreign wealth business
UBS, Banco BTG Pactual, Insigneo and Andbank are among those seeking to hire from the roughly 330 advisers who were part of Wells' international wealth unit.
3 myths preventing advisers from going from wirehouse to independence
Wirehouse advisers who want freedom and more control over the business they’ve built are no longer hampered by some of the historical challenges that once came with taking the leap.
Trio managing $375 million at Merrill Lynch goes indie with Raymond James
Michael Topinka, Carl Boomhower and Daniel Tyburski set up shop in Wayne, New Jersey, as Topinka Financial.
Wells Fargo trims CEO Scharf’s pay to $20.3 million in 2020
The bank was the worst performer in the KBW Bank Index last years; its shares tumbled as it slashed its dividend and reported its first quarterly loss since 2008.
Finra bars former Merrill Lynch rep
Atlanta-based broker Tyler Delahunt had been discharged by the wirehouse over alleged outside investments.
Wells Fargo bans advisers from recommending GameStop, AMC
Clients can still call their advisers to initiate trades in those stocks, a bank spokesperson said. Both companies' shares have surged amid a push from retail traders.
UBS adviser count dips as wealth management results roar
Record profitability in wealth management in the Americas was driven by growth in loans, separately managed accounts and adviser productivity, the company said.
Finra bars former Merrill rep accused of churning
Charles Kenahan had already been barred by the state of New Hampshire in December.
Duo managing $473 million at Morgan Stanley joins Janney
Scott Phelan, Kevin Myers and an assistant switch firms in Atlanta.
Morgan Stanley’s Gorman now best-paid bank CEO, topping Dimon
Morgan Stanley boosted its chief executive’s pay 22% to $33 million for 2020, when the Wall Street bank posted its third consecutive year of record earnings and announced two large deals.
Now that Wells Fargo has a plan, what’s in it for advisers?
CEO Charlie Scharf is making classic changes to streamline and reduce costs at Wells Fargo's Wealth and Investment Management unit, which houses Wells Fargo Advisors.
