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Raymond James recruits three advisers managing $441 million in assets from Merrill Lynch
The hires come as Raymond James gained the most assets under management through adviser recruitment of any financial firm in the third quarter.
Finra bars former JP Morgan, RBC brokers
Both former brokers settled and refused to testify.
Merrill Lynch to pay $7.03 million in Finra case for inadequacies in leveraging customer brokerage accounts
Finra settlement also includes $780,000 in restitution to 22 clients who borrowed against their accounts to invest in Puerto Rico securities. (More: Massachusetts charges Morgan Stanley over unethical sales contest)
Finra fines Morgan Stanley $1.5M for failing to deliver fund prospectuses online
During one nine-month period, the firm failed to deliver close to 2.1 million prospectuses to online customers because of a missing hyperlink.
Merrill fires another star broker, this time over expense account charges
Wirehouse says Sandy Galuppo, who reportedly had $1.4 billion in client assets, had lost management's confidence.
Raymond James expands in Idaho by adding former Morgan Stanley advisers with $685 million AUM
Broker-dealer says the additions are part of a continued expansion of their presence in the North and Northwest.
Wells Fargo teams with SigFig to offer robo-adviser
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. (More: SigFig raises $40 million in funding led by Eaton Vance)
Advisers managing $1.7 billion move to Noyes from Wells Fargo
Chris and Brian Cooke partner with the 108-year-old firm for strategic expansion.
Advisers take flight from Morgan Stanley
Twenty-four teams left in third quarter on top of 26 in second quarter. (More: See all the latest moves in InvestmentNews' Advisers on the Move database)
Advisers warming up to the DOL rule, see business opportunity: Fidelity poll
Nearly a third now say the rule can help expand their business, up from 17% in January. (More: A comprehensive, searchable database of advisers' fiduciary FAQs)
Finra chief Richard Ketchum warns firms against hiring problem brokers
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
Adviser managing $250 million in assets joins HighTower from Merrill Lynch
The Thrush Group will be the 10th transition to HighTower this year.
Embattled Wells Fargo CEO John Stumpf throws in the towel
Tim Sloan will succeed Stump as the bank's chief executive
How big wealth management firms should treat top-performing advisers to keep them happy
Those who excel should be paid better, allowed to thrive and grow, in an aspirational, transparent way that will be admired by peers, competitors, shareholders and regulators.
Merrill’s move to end commission IRAs a ‘tectonic shift’ for brokerage industry
Move could pressure other wirehouses to follow suit and lead to adviser attrition. Plus, Find answers to all of the most frequently asked questions on DOL fiduciary rule.
Merrill Lynch wealth management head John Thiel stepping down
Current CEO John Thiel (right) will step down on Jan. 1. (Related read: Merrill Lynch's John Thiel urges colleagues to work with DOL on fiduciary rule)
Merrill Lynch eliminates commission IRA business in response to DOL fiduciary rule
The wirehouse is the first major firm to announce concrete plans for compliance with the Labor Department regulation.
Morgan Stanley team managing $600 million in assets joins Wells Fargo
Michael Dechiario, Thomas Charmley, Thomas Soden, Dean Vetsikas and Stacey Robinson joined the firm Monday.
Morgan Stanley adviser who managed $240M in assets jumps to Merrill Lynch
Brad Weinman joins office in West Palm Beach, Fla., where he'll serve high-net-worth clients.
Morgan Stanley: DOL fiduciary rule turns brokerage business into a buy
Plus: Trump would dump Yellen, bracing for the next housing bubble, and 401(k) realities that should not be ignored
