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Morgan Stanley’s new comp plan could pinch pay for some brokers
The wirehouse will penalize advisers if they cannot sell enhanced services to clients with smaller accounts.
Wells Fargo tests investor patience with latest scandal
The bank's stock had rallied in recent months after it announced a big increase in dividends and buybacks in June
Wells Fargo discloses accidental foreclosures, tax credit probe
Regulators are looking at the bank's purchases of low-income housing credits, according to a filing.
Wells Fargo broker managing $150 million moves to Baird
Harry Buchanan Smith and team joins firm in Charlotte, N.C.
Wells Fargo to pay $2 billion settlement to end loan probe
Investigation focused on the creation and sale of loans contributing to the 2008 financial crisis.
Merger and acquisition activity drops dramatically in the second quarter
While the number of deals is declining, the size of the average deal is growing.
Wall Street fears new international tax
Levy on overseas profits was aimed at tech and pharma companies, but quirks in the way it's calculated mean it's likely to hit big banks.
Millennial heirs go to summer camp
Wealth managers host workshops for the offspring of rich clients to build their brands with the next generation.
Morgan Stanley unveils compensation plan changes for 2019
The wirehouse's plan stresses pay incentives at the individual client level, such as for financial planning activity and net new assets.
UBS laying off dozens of wealth management staff
Move comes as bank revamps the unit's leadership team.
UBS wealth management profits up 16% in latest quarter
The company said the increase was due to revenue growth and improving operational efficiencies.
Wells Fargo Advisors continues to see a decline in brokers
Company also set aside $114 million over fees for rich clients.
Merrill Lynch launches fiduciary dashboard for advisers
Despite death of the DOL fiduciary rule, wirehouse continues to invest in ways to meet best-interest standard.
Georgia decision on broker protocol could have wide impact
How will the four wirehouses react to this news?
Wirehouses using digital advice technology to boost cross-selling
With budgeting apps, account aggregation and integration with banking business, new apps give large firms the chance to increase wallet share.
Wells Fargo memo raises questions about commitment to broker protocol
The firm notified brokers that new clients can choose whether or not to allow advisers to take their information with them if they leave the firm.
D.A. Davidson expands with hires from Merrill Lynch
Boutique firm has recruited eight financial advisers in the past two months, including four from Merrill Lynch.
Morgan Stanley settles confidentially with departing broker
Daniel Abel agrees not to solicit his former clients at the firm.
Wells Fargo weighs changes to wealth unit
The move would reflect the bank's effort to cut $4 billion in costs.
Merrill Lynch fined $42 million for misleading customers
In addition to the practice of 'masking' trades, the wirehouse went to extremes to cover up the wrongdoing.
