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After turnaround, UBS caps off banner year
Margins continued to improve as profit jumped 64%.
UBS sees recruitment pay off in the fourth quarter
With a year-end windfall of veteran advisers, the firm topped off a year of big gains. Check out how UBS stacks up against the other wirehouses.
Morgan Stanley tweaks compensation plan
Morgan Stanley will reduce payouts to low-performing experienced brokers, expand awards for hitting performance targets and enhance bonuses for increasing lending, according to details of the plan confirmed by InvestmentNews.
Merrill Lynch nabs $400M team from Morgan Stanley
Veteran advisers Michael Bromberg and Daniel Gerschel join in New York.
Online platforms a growing threat to traditional advisers
Two reports show growing popularity of web-based personal finance startups and discount brokerage platforms in wake of 2008 crisis.
Former Wells Fargo broker embroiled in insider beef
A broker who had a client invested in the private-equity shop that was acquiring Burger King was ordered to pay $5.6 million to settle insider trading charges related to the deal.
New plan for Barclays advisers offers more even ratio between salary and bonus
A new plan for Barclays advisers offers a more even ratio between salaries and bonuses. The payout grid remains in place, but it's not the same. Plus: How adviser salaries stack up vs. other jobs
Mary Mack launches opening salvo as head of Wells Fargo Advisors
The newly appointed head of the wirehouse is reorganizing the firm's top brass.
Wholesalers: The spies of Wall Street
How much do wholesalers know about advisers? And what are they telling the competition?
Merrill Lynch hires director of gerontology
Cynthia Hutchins takes on newly created role to help advisers deal with aging clients.
Profit drops 70% at Morgan Stanley
Brokerage firm set aside $1.2B in fourth quarter for litigation, misses return on equity goal.
Wells Fargo brokerage unit delivers in 4Q
Brokers' pay rises on higher transaction revenue and asset-based fees.
Happy 100th birthday, Merrill Lynch. We miss you
Merrill Lynch Pierce Fenner & Smith Inc. turns 100 today. At least, it would have, if it were a standalone entity, and not a government-rescued Too Big to Fail entity, forced into a shotgun wedding with Bank of America.
New Merrill Lynch comp plan rewards teams
Merrill Lynch will reward teams that double their revenue in the five years after 2013 with a shared payout equal to 10% of the team's incremental revenue growth.
RBC adds California team from Merrill
Duo managed $500M at wirehouse.
FiNet adds hybrid affiliation option for new recruits
Wells Fargo Advisors Financial Network LLC, the independent brokerage arm of Wells Fargo & Co., commonly known as…
Morgan Stanley, Merrill Lynch in broker-recruiting truce
Morgan Stanley and Merrill Lynch say the days of paying big bonuses to lure each other's brokers and keep their own in place may be ending.
In 2014, carrot and stick for advisers at Wells Fargo
In 2014, Wells Fargo & Co. will require more revenue and set new targets for its largest group of advisers but will also give them more ways to top the hurdle.
Merrill Lynch in $132 million SEC settlement over faulty disclosures on derivatives
Wirehouse agrees to settle SEC charges that it failed to inform investors that a hedge fund influenced the selection of collateral backing two debt products it was selling.
Merrill delivers profit to Bank of America as adviser ranks shrink more
Productivity per adviser climbs 11.5%; market gains, asset flows boost the bottom line
