The battle for talent in the wealth management industry appears far from over as evidenced by several hiring announcements today.
About 800 mutual funds that were affected by some illegal market-timing activities of brokers at Prudential Equity Group LLC will receive a distribution of $185 million as part a settlement Prudential reached with the Securities and Exchange Commission.
Robert McCann, CEO of UBS AG's Wealth Management Americas, announced several appointments to his “Renewal” team Tuesday — including Bob Mulholland, a 25-year Merrill veteran, who will replace Jamie Price as head of UBS' adviser group.
Sotheby's sold $134 million worth of art last night in a sign that investors are looking for a hard asset that is also a solid hedge against inflation
Securities America Inc. chief executive Steve McWhorter said he will retire this spring after 22 years at the helm of the independent broker-dealer.
Stiff competition thwarted many of the nation's biggest RIA firms last year.
TD Ameritrade president Fred Tomczyk said today that the company will rely on its registered investment advisers to help achieve TD's goal of becoming a “premier asset gatherer.”
Advisers are poised to expand their businesses this year — and are feeling good about their prospects — according to a new survey. What's more, most have high job satisfaction.
HighTower Advisors LLC chief Elliot Weissbluth last week shrugged off a “lift-out” lawsuit filed against the firm last month by Morgan Stanley Smith Barney, calling it baseless.
