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Terminated $2.5 billion Merrill Lynch team plans to fight back
An elite private banking duo plans to take legal action accusing the wirehouse of wrongful termination last month, their attorney says.
Morgan hires longtime Merrill broker
Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.
Merrill snags $500 million team from UBS
Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. See also: Merrill loses longtime broker to Morgan Stanley)
Merrill stabilizes head count, boosts productivity
The firm's thundering herd climbed back to 14,000 in the third quarter after several quarters of steady declines.
Two high-profile adviser terminations take center stage
This week's must-read stories for advisers include employment drama at LPL and Merrill, Bill Gross speaking out, and a renewed push for more women in advice.
Morgan Stanley hauls in $320M Neuberger Berman team
Firm picks up father-son duo who previously brought in $3.5 million a year in revenue.
UBS blocks some investors from buying Pimco funds as wirehouses take stock
UBS is preventing some clients from investing in Pimco funds following the abrupt departure of Bill Gross, as well as increased scrutiny from influential investment researchers.
Wells Fargo nets $972M JPMorgan team
Wells Fargo Advisors continues to build on its recruiting momentum with the addition of a trio of former JPMorgan Chase & Co. private bankers.
Puerto Rico debt depresses UBS Wealth earnings
Despite record revenue at UBS Wealth Management Americas, profits fell in the second quarter as the firm reported that it had to set aside $44M for litigation costs, mostly related to the firm's investments in Puerto Rico.
Merrill asks $2.5 billion team to leave
The advisers allegedly violated Finra rules and firm policy by encouraging some of their larger clients to invest directly in hedge funds.
Wells Fargo recruits brokers with $1.1 billion in AUM
Advisers on the Move - Eleven brokers from UBS and Merrill Lynch joined Wells Fargo in California. See more recent moves in our exclusive Advisers on the Move database.
Raymond James recruits $300M Morgan Stanley team
Advisers Craig Houck and Richard Schooley focus on retirement plan design.
Ex-UBS broker accused of defrauding elderly in Ponzi scheme
SEC has charged Donna Tucker with stealing $730,000 from older clients, including a blind couple.
Morgan Stanley wins back $3M bonus from insider trader
A Finra arbitration panel ordered Vladimir Eydelman to repay his former firm after he was fired in March amid charges of insider trading.
An ‘adviser’ in name only
Calling a broker an adviser is dangerous, and it's time to embrace the black-and-white distinction.
Altered docs land former Wells compliance officer in hot water
Judy Wolf, formerly with Wells Fargo, allegedly attempted to make it appear she adequately reviewed a broker later charged with insider trading. Plus, see 5 compliance lessons from recent SEC cases
Ex-UBS adviser faces $5 million sexual harassment suit
Former intern claims she was offered Christian Louboutin shoes in exchange for sex; adviser and firm say she welcomed advances.
Do Merrill Lynch’s new business cards diss the brand?
A tweak to Merrill Lynch business cards earlier this year caused a stir among some of the firm's 13,700 advisers.
Wells Fargo adds $830M Morgan Stanley duo
Team of William Peragine and John Biondo join as Wells Fargo continues summer recruiting spree.
Morgan Stanley appoints wealth management exec to be chief marketing officer
Mandell Crawley's former responsibilities will be distributed to other personnel
