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Wells Fargo team managing $239 million joins Ameriprise
Two Texas reps sign on to employee channel
Former Merrill Lynch broker convicted of wire fraud
Jesse Joseph Holovacko took $255,000 from client IRA claiming to buy bonds.
Merrill Lynch veteran moves to Raymond James
Walter Stamper of Chattanooga, Tenn., managed $147 million
Morgan Stanley snags national sales director Jeffrey Tucker from Merrill Lynch
Industry veteran will start at Morgan in the third quarter
UBS, Merrill Lynch advisers form $500 million RIA team
Four breakaways in Colorado Springs sign on with HighTower.
Ex-Merrill Lynch broker pleads guilty to $8.7 million bank fraud
The 25-year veteran of the firm concocted false account statements to establish multi-million dollar lines of credit at two banks.
With DOL fiduciary rule looming, Merrill sees surge of AUM
Long-term flows to accounts that charge an asset under management fee were up 54% in the first quarter.
Merrill Lynch plans to hire more young advisers
Firm says it will look for talent among teachers, entrepreneurs and former athletes.
UBS loses another Puerto Rico bond claim, this time for $4.4 million
This is the third multimillion-dollar loss involving Puerto Rico bonds or bond funds UBS has seen since December.
Merrill Lynch shakes up wealth management organization, leadership roles
Two division executives, Don Plaus and Ben Prince, were tapped for new leadership roles and the number of divisions for advisers was cut from 10 to six
Wells Fargo Advisors’ Intuitive Investor robo-adviser technology files ADV registration
The service, which will be launched as a pilot program for customers in June, will require a minimum investment of $10,000 and charge 50 basis points.
Morgan Stanley eliminating commissions, finder’s fees in 401(k) plans
Morgan Stanley Wealth Management is eliminating commission payments and finder’s fees for its advisers servicing 401(k) plans, shifting…
Merrill Lynch and Morgan Stanley: A tale of two fiduciary 401(k) business models
Each firm uses an approach that mitigates risk, but some observers say they're more for show than potential problem solving
Merrill Lynch woos $343 million Morgan Stanley team
Five-person group is based in Glen Rock, N.J.
Merrill Lynch outlines plans for its 401(k) fiduciary platform
Wirehouse is broadening the pool of advisers who can work with retirement plans as an investment fiduciary.
Merrill Lynch may be positioning itself for more commission flexibility in the future
The wirehouse said its advisory platform will be the go-to regardless of what happens with DOL fiduciary rule, but a modification or repeal of the regulation could lead to more flexibility.
The bull market for wirehouse recruiting deals is over. What will happen next?
Firms that make strategic changes will not only slow attrition, but position themselves to attract top talent for less than they are paying now.
The bull market for wirehouse recruiting deals is over. What will happen next?
Firms that make strategic changes will not only slow attrition, but position themselves to attract top talent for less than they are paying now
Morgan Stanley debuts fiduciary product for small 401(k) plans, with eye toward DOL rule
The wirehouse offers a way for non-fiduciary brokers working with 401(k) plans to continue working with clients in the small-plan market
DOL rule slows down wirehouse recruiting and crimps bonuses
Even though the fiduciary rule's future is in doubt, wirehouses are downsizing the bonuses they are offering veteran brokers to jump ship.
