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Adviser managing $180 million at Wells Fargo moves to LPL
Keith Boyd is affiliating through Gladstone, an LPL office of supervisory jurisdiction in Flemington, New Jersey
Female trio managing $280 million at UBS moves to Alex. Brown
The veteran advisers, natives of Venezuela, are based in Miami
UBS’ private bank closure raises questions for elite advisers
Compensation and control over the client relationship are two key issues surrounding the shutdown
Wirehouses race to upgrade adviser tech amid pandemic
Merrill Lynch, UBS and Wells Fargo have all adapted to an increase in digital adoption, according to second-quarter earnings reports
Wells Fargo hires BNY Mellon executive as CFO
Mike Santomassimo will succeed John Shrewsberry as the bank prepares to cut costs
Five questions wirehouse advisers need to ask themselves
Firms make it easy to stay put for the entirety of an adviser’s career, yet many advisers are feeling uncomfortable with that notion — worrying that what got them 'here' may not get them 'there'
UBS may resume share buybacks
Second-quarter earnings show the bank's wealth management profit in Asia helped offset a 37% drop in profit year-on-year for the business in the Americas
SEC charges former Morgan Stanley rep with stealing $6 million from clients
Michael Barry Carter pleads guilty in a parallel criminal action in Maryland federal court
Morgan Stanley to report on climate change impact of loans
The bank will also help develop a global accounting standard financial institutions can use to measure their impact on the climate
Sell baby sell! Merrill Lynch shuts down trainee program
The latest episode of the InvestmentNews Podcast looks at Merrill’s headache trying to manage broker trainees who are learning to cold-call from home
The key for advisers still working from home? It’s digital
With back-to-office plans in flux, the acceleration of digital-driven processes among advisers is a trend for the long haul
Merrill adviser headcount up 2% as trainee hiring resumes
The brokerage will also be getting back the 650 trainees it shifted to the wider bank to help with PPP loans
Morgan Stanley posts record profit
Fixed-income trading revenue almost tripled during the second quarter
Wells Fargo reports drop in advisers, assets for Q2
Wells Fargo Advisors says it is focused on hiring bigger producing teams
New Hampshire investigating churning claims against Merrill brokers
Former governor says the firm, two former brokers were responsible for $50 million in losses
Social distancing weighs on advice business: Survey
Prospecting is now more difficult, and advisers said they are less effective at selling products, a report from Limra and others shows
Adviser managing $370 million moves to RBC from Wells Fargo
James Koestner switches firms in Dallas
$1.4 billion Morgan Stanley team moves to Insigneo
The Miami-based independent platform is the second to poach an adviser team from the wirehouse in the last week
FiNet team managing $225 million switches to LPL
Maryland-based CenterPoint Wealth Advisors will use the firm's B-D and RIA platforms
All-female team managing $500 million drops Morgan Stanley for Sanctuary Wealth
The advisers are the first breakaway team Sanctuary has picked up from the wirehouse this year
