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Veteran Merrill Lynch adviser jumps to UBS
Mark Wilkins managed about $425 million in client assets at the wirehouse.
UBS pulls 3 money management units into one
Firm combines equities, multiasset and hedge funds into single division.
UBS’ head of wealth management Bob Mulholland to retire
Bob Mulholland, who oversaw the firm's 7,000 advisers and helped engineer a turnaround in the wirehouse's brokerage unit, will be replaced by UBS vet Brian Hull.
SEC, Finra fine UBS $34 million over Puerto Rico funds
Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud.
Morgan Stanley’s wealth management unit sputters in global slowdown
Revenue from transactions decreased 28.5%, as skittish investors stayed away from the market.
Reining in expungements
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
Morgan Stanley shuffles Greg Fleming’s role in surprise move
In a surprise move, the president of Morgan Stanley's wealth management and investment management divisions now will oversee only wealth management.
Wells Fargo Advisors president Mary Mack pleased with reception from Credit Suisse brokers
Executive sees recruiting opportunity across the country after October recruiting deal struck.
3 reasons the time is now for big breakaways
Using the example of the beer industry to prove financial advice is ripe for more moves to independence
Merrill loses $3.3 billion private banking team
A group of advisers left to form their own RIA, Corient Capital Partners.
Wells Fargo Advisors chief: Clients expect a more digital experience
Clients are looking for a more digital experience in an increasingly digital world, but the advice industry hasn't kept pace with the times, according to Mary Mack, president and head of Wells Fargo Advisors.
Wirehouse metrics reflect different strategies
Newly compiled InvestmentNews research shows how the nation's biggest brokerages rank across four key metrics.
Former Morgan Stanley adviser in data hack case pleads guilty
Free on $200,000 bond, Galen Marsh faces as long as five years in prison when he's sentenced Dec. 7
UBS hit with $2.5 million award in Puerto Rico case
Claim is tied to so-called “Whopper” broker Jose Gabriel Ramirez Jr., who faces raft of claims related to closed-end funds.
Wells Fargo lands two Morgan Stanley teams with $1 billion combined
Round of late summer hires includes $700 million team and $300 million team.
Breaking away for the wrong reason
Regulators are concerned that brokers are jumping into the RIA channel to take advantage of a lax regulatory climate.
Merrill fires back at $870 million defectors
Firm wins a temporary restraining order against four advisers accused of sabotaging the wirehouse when they jumped to UBS.
Morgan Stanley data breach focus shifts to hackers from adviser
U.S. authorities examining whether fired adviser Marsh was targeted by hackers after he took data from the wirehouse.
Fired by Merrill, now barred by Finra: Thomas Buck stops here
Thomas Buck was fired from Bank of America Merrill Lynch in March. Now Finra has barred the former top broker, who had joined RBC Wealth Management.
UBS scoops up $1.3 billion Merrill private banking team
Group of three advisers produced $7.8 million in revenue.
