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UBS is expanding its China onshore wealth business
Despite tough conditions in the region, the wealth and asset manager sees potential.
Wrong birthday info led to $130K in RMD penalties, plaintiffs say
A Wells Fargo client who was born in 1939 had his birthdate incorrectly recorded as 2001, according to a lawsuit.
Morgan Stanley chair thinks proposed bank rules will be ‘wound back’
James Gorman says regulator’s ideas were ‘extremely aggressive.’
Merrill again faces client complaint over yields on cash
Merrill has consistently been the brokerage firm paying the lowest rates on swept cash, according to a suit filed by Merrill Edge client.
Wells Fargo Advisors highlights bump in compensation for $1M producers
The wirehouse is emphasizing better pay for advisors who sell alternative investments and offer loans to clients.
More Wells Fargo execs follow Kowach to startup
Launched over the summer, &Partners is replete with executives from Wells Fargo Advisors.
‘To stand out, I needed to innovate’
Katz moved beyond cold calls to cultivate relationships with influential figures like sports agents and estate attorneys, thus broadening his network significantly.
Wells Fargo says 2024 will be a ‘pivotal year’ for markets and economy
The second half of next year should provide better conditions after challenging first half.
Former senior banker at JPMorgan among four recruits joining UBS
Firm adds advisors in Florida, Missouri, and Mississippi.
Wells Fargo’s indy group, FiNet, bumps up fee for big advisors
What's not clear is how many FiNet advisors will feel the sting of the fee increase.
Raymond James nabs two wirehouse advisors in South Florida
Pam Mitchell joins from UBS in Naples and Vijay Baxter from Morgan Stanley in Aventura.
Cap on Wells Fargo assets will cause pain eventually, Scharf says
The bank has been hobbled by the Fed order limiting its size for more than five years — longer than Scharf's tenure as CEO.
UBS is latest firm OK’d by NFL players union
More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.
Indiana-based hybrid hires former Wells Fargo exec
John Peluso retired in September as head of Wells Fargo’s clearing operations, and earlier presided over FiNet.
Raymond James nabs California advisor from Morgan Stanley
Jeffrey Olsen oversees nearly $200 million, operating as Olsen Wealth Management.
Bank fined $24M for spoofing in Treasuries market
Two former employees engaged in more than 700 ‘spoofs’ over almost a decade, Finra charges.
Billionaires acquiring more wealth through inheritance than entrepreneurship, says UBS
Report focused on the last year highlights the impact of the Great Wealth Transfer.
Wells Fargo loses another executive, this time to LPL
Jim McHale is the new chief compliance officer at LPL Financial.
UBS chair warns about bubble in private credit
Colm Kelleher joins other executives and regulators warning of growing risks in the booming market.
Q3 advisor moves down 18.9% from year before
The recruiting data show advisors' preference for operating under independent models.
