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Morgan Stanley CFO calls too few women leading U.S. companies an ’embarrassment’
Morgan Stanley chief financial officer Ruth Porat called the low number of women running U.S. companies an “embarrassment” that shows the need for new laws.
Krawcheck: Women on Wall Street have ‘gone backwards’
Sallie Krawcheck, the former Bank of America Corp. and Citigroup Inc. executive, said women lost ground on Wall Street after the financial crisis because executives and boards hired people who looked like them.
Wells Fargo signs $1.5 billion Michigan team
Trio previously worked at J.P. Morgan Private Client Service Group.
4 reasons you keep losing your best employees
High employee turnover is brutal for a service business such as financial advice. Joe Duran on how to create a dynamic culture within your office.
Nation at risk of another economic crisis, Bowles warns
Co-chairman of debt-reduction commission says the markets are headed toward a dip worse than 2008 if politicians don't get spending under control
Scoring the wirehouses’ first quarter results
Year-over-year profits at the big four rose 16% in the first quarter, but which firm fared best?
UBS wealth unit reports solid earnings, raises bar for advisers
After profits climb 30%, CEO challenges brokers to do more lending and boost margins
Finra seeks to beef up use of BrokerCheck
Revives proposal that would require brokerages to link to regulator's database, including disciplinary background info.
Bank of America doubling down on Merrill Edge
The banking giant is hiring almost twice its current contingent of 1,700 to serve clients with less than $250,000 in investible assets.
Merrill Lynch’s John Thiel leads charge toward goals-based planning
A look inside the 100-year-old firm's efforts to drastically change its client-adviser relationships, led by John Thiel, the head of Merrill Lynch Wealth Management.
Scion remembers Mother Merrill on her 100th anniversary
Win Smith Jr. says Wall Street has a long way to go before it can restore the public trust.
Selling your book twice over
Switching firms 10 years before you expect to leave the industry can provide an extra windfall – if done correctly
Wirehouses sweeten succession deals for retiring advisers
Wirehouse firms are revamping their succession programs with higher payouts and lower barriers to entry for advisers who are preparing to retire. The efforts are aimed at competing with independent firms that hold a reputation for the highest payouts.
Hell, no! He can’t go! San Francisco advisers stage mutiny to save popular UBS branch manager
Caving to pressure, UBS executives reinstated a popular manager after advisers talked of resigning. Mason Braswell has the story.
Finra sees uptick in arbitration cases filed in first quarter
The number of arbitration cases brought before Finra was up 10% in the first quarter over a year ago and the proportion of cases resulting in damages being awarded was also up. At least one factor has emerged as the main culprit.
Ex-UBS broker awarded $5.4 million in case over Lehman notes
A Finra arbitration panel has ordered UBS Wealth Management Americas to pay one of its former brokers $5.4 million for representing structured products from Lehman Brothers as being suitable for clients even as Lehman began to falter.
RBC picks up Wells Fargo team with $350 million
Three advisers who produced $1.8 million joined RBC in Leawood, Kan.; one cites retirement of Danny Ludeman, former head of Wells Fargo Advisors, as contributing to move.
Morgan Stanley breakaways double size of SoCal practice
Cypress Group joins a growing practice with roots in financial planning for doctors, entertainment industry nonprofits. Plus: See who else is switching firms.
Wells Fargo adds Morgan Stanley advisers with $500 million
Wells Fargo Advisors has added three financial advisers who among them managed nearly $500 million in client assets…
Morgan Stanley Wealth Management shuffles field leadership
Shortly after taking over as head of field management at Morgan Stanley Wealth Management, Shelley O'Connor announced Tuesday that she is restructuring the firm's divisions and regions. Mason Braswell has the story.
