Displaying 2261 results
HighTower adds $440M team from Merrill
The hybrid firm has brought on over $1 billion in assets from the wirehouse in the past month.
For fund managers, high-yield pullback comes with liquidity risks
Lower broker-dealer bond inventories and growing use of high-yield funds could test markets, increase price swings.
Newborn Lebenthal RIA triples its assets but expects more to come
Lebenthal Holdings stands to triple the size of its new wealth management unit with the acquisition of the business of two Morgan Stanley brokers. But that's just the beginning, if CEO Frank Campanale has his way.
Wells Fargo Advisors names mobile and online chief
American Express and J.P. Morgan Asset Management vet McConnell tapped to lead new position at WFA Digital.
Wells Fargo Advisors’ profit soars
Wirehouse raked in $544 million, up 25% from the year-earlier quarter.
UBS seeks to raise fees amid mutual fund conversion
Losing revenue from 12(b)-1 fees, the firm is asking its advisers to raise minimum fees to help make up for lost revenue.
$650M broker team breaks away from Morgan Stanley
Morgan Stanley team with $650 million in assets breaks away to set up shop with help from a new firm, Tru Independence
Brokers find it harder to wipe slate clean
Public pressure on Finra's expungement process has arbitrators thinking twice about erasing disclosure events, attorneys on both sides agree.
Be prepared to justify your fees
It's important for advisers to not show surprise or resentment when fee questions are raised by clients.
Exclusive: HighTower launches fee-for-service platform
HighTower debuts fee-for-service platform for independent wealth managers after signing its first client, an advisory firm with $19.9 billion under advisement.
Independent broker-dealer a magnet for brokers from troubled firms
Thirty-one of 37 brokers at IAA Financial, partly owned by Finra board small firm rep Kevin Carreno, came from firms Finra had expelled.
Morgan fined $1 million in retired-broker snafu
Wirehouse slapped with fine after Finra alleged it paid retired brokers $100M in commissions without making sure they had stopped providing advice.
Powerful Wells Fargo division takes over firm’s wealth management research functions
New unit will influence product selections for 15,000 advisers managing $1.6 trillion in assets.
UBS picks up Merrill adviser with $500M in assets
Stephen Davis joins the firm after spending his entire 21-year career at Merrill.
Morgan Stanley lets advisers write what they tweet
The wirehouse is one of the first to break away from exclusively canned content on Twitter.
Ex-Wells broker ordered to repay firm $1.2 million
A Finra arbitration panel denied the broker's claim that Wells Fargo made false promises during recruiting.
Morgan Stanley case spotlights legal hurdles for indie recruits
A former Morgan Stanley adviser who joined LPL last month won back the right to serve his clients.
Morgan Stanley’s Gorman seeks to tame broker compensation
Wirehouse CEO looks to reduce compensation to 55% of revenue from around 60% as brokers do more banking and lending.
After troubled start, Morgan Stanley tech platform stabilized
CIO Chris Randazzo says 3D has 'turned the corner,' while upgrade continues
Ex-UBS broker facing probe into loan advice
U.S. authorities in Puerto Rico investigating allegations over advice to borrow money to make investments.
