Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.
Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. <i>See also: <a href="http://www.investmentnews.com/article/20141020/FREE/141029993/morgan-hires-long-time-merrill-broker" target="_blank">Merrill loses longtime broker to Morgan Stanley</a>)</i>
Mary Jo White credits aggressive enforcement and technology, but some question her regulatory zeal.
Taking every precaution to guard against today's threats means focusing on both physical and electronic security.
CEO Wayne Bloom says the firm is considering how a robo offering could help its advisers better connect with clients.
Under Mary Jo White, agency is more prone to launch disciplinary action to correct violations than in the past
The rule, proposed originally by Finra, will require per-share valuation of unlisted REITs or direct participation program on customer statements.
Merrill Lynch expects its revamped fee-based investments platform to pass $200 billion in assets by next week, notching a milestone in its massive platform overhaul.
Social Security and annuities make news, LPL's regulatory headaches continue, and the rest of this week's must-read stories for advisers.
LPL Financial cuts 11 cents a share from its third-quarter earnings forecast after projecting it will need another $18 million to satisfy regulatory concerns.
New research shows how uncomfortable self promotion makes listeners.
The old five-times EBITDA rule of thumb isn't enough in an age when intellectual property and data count for a lot.
The firm's thundering herd climbed back to 14,000 in the third quarter after several quarters of steady declines.
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.
Firm picks up father-son duo who previously brought in $3.5 million a year in revenue.
The next generation is not hearing the call of opportunity in the advice business, and it's up to each of us to bring them on.
Betterment founder and CEO Jon Stein says automation helps investors achieve better outcomes by taking irrational emotions out of the picture, improving returns and saving time.
Betterment founder and CEO Jon Stein says Betterment Institutional lets advisers get in on the “robo-adviser” game by allowing them to outsource portfolio re-balancing, daily tax-loss harvesting and more.
Wealthfront and Betterment take to Twitter and the blogosphere as stock market volatility rises.
The most successful advisory firms prioritize revenue and operations over adviser capacity to remain on top.
