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Wells Fargo Advisors looks to cut red tape for advisers in reorganization
Firm cuts its regions by one-third with hopes of reducing bureaucracy.
Choppy stock market leads to fewer wirehouse reps fleeing the coop
First-quarter breakaway broker numbers drop by 36%.
Adviser team managing $6 billion at Morgan Stanley creates RIA
Houston-based Americana Partners is using Dynasty, Schwab and Addepar.
UBS loses 166 advisers in its Americas unit over the past year
The company called it a challenging first quarter, with pretax profits for wealth management Americas declining 6%.
UBS says wealthy clients add $22 billion in Q1
The firm's better-than-expected inflows in the first quarter marked a rebound from fourth-quarter outflows.
Morgan Stanley shakes up wealth unit
Shelley O'Connor will now head the firm's bank units, while Andy Saperstein will be sole leader of wealth management.
Wells Fargo annual meeting ‘less relevant’ amid bank’s CEO search
The bank's shares have fallen 3.1% since CEO Tim Sloan resigned, compared with a 6.5% gain for the KBW Bank Index.
IBD report: Another impressive year
Despite a stock market decline, revenue is up. And the streak isn't expected to end anytime soon.
Variable annuity sales up big among independent broker-dealers
Interest-rate environment, growth of buffered annuities and loss of the DOL fiduciary rule helped grow sales by $3.7 billion last year.
Morgan Stanley rides wealth management train to solid first quarter
Chairman and CEO James Gorman expresses excitement about expanding into workplace plans with purchase of Solium.
For Merrill Lynch, emphasis on new clients and cross-selling paying off
The Thundering Herd is doing more business with new households.
Headcount at Wells Fargo Advisors continues to slide
Firm lost another 140 advisers in the first quarter, compared with 106 the previous quarter.
Will Merrill Lynch plan to add fresh advisers to offices be a boon — or a bust?
Referrals between newer and experienced advisers key to the hiring of 300 new advisers.
Principal to buy Wells Fargo retirement unit for $1.2 billion
Transaction is part of Wells' effort to streamline its operations in the wake of scandals.
Buffett urges Wells Fargo to look beyond Wall Street for CEO
The bank's biggest shareholder says hiring an executive from a financial institution would trigger criticism from Washington, Financial Times reports.
Wells Fargo CEO Tim Sloan steps down
Allen Parker, the bank's general counsel, will serve as interim CEO.
Regional firms provide an alternative to wirehouses
As big brokerages lose their competitive edge, regionals are offering a home to advisers who want to stay in the employee channel.
Wells Fargo taps company veteran as interim head of wealth management
Tim Traudt replaces Jay Welker at the start of next month.
Warren, Brown ask regulators to oust Wells Fargo CEO Sloan
The two senators call on the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau to remove Sloan from the bank's top job
Wells Fargo hits more bumps as it tries to move past scandals
Judge puts off approving a settlement related to bank's fake accounts, and Fed chairman Powell says Fed not ready to lift growth ban.
