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TD Ameritrade says trading impacted by Trump’s tweets
First-quarter volume was up 11%, in part because of president-elect's frequent social media activity
RIAs merging at a record clip, more breakaways become RIAs
Multiple forces are driving industry consolidation.
Morgan Stanley teams up with data-aggregation company Addepar to get insight into clients’ holdings
The deal is the latest example of the finance industry working with technology firms that provide services the old guard can't easily replicate.
Raymond James recruits Oregon adviser from Morgan Stanley
Veteran adviser manages $170 million in client assets.
Wells Fargo eliminates bonuses for advisers selling banking products
Months after its parent bank Wells Fargo & Co. was hit with a $185 million fine for opening…
Raymond James grabs four-man team from Wells Fargo
The team had $288 million in client assets and generated $1.7 million in fees and commissions annually.
Advisor Group taps wirehouse veteran Jamie Price to be CEO
The new head of one of the largest independent broker-dealers served as head of wealth management at UBS's Advisor Group Americas.
UBS to pay close to $1 million in another Puerto Rico claim
The wirehouse is facing a raft of customer complaints tied to its sales of the commonwealth's municipal bond funds.
Wells Fargo Advisors to pony up $35.5M in race discrimination, class action settlement
The group of six brokers are joined by 325 confirmed African American brokers or trainees at the firm. There could be another potential 200 class members.
Finra wants to speak with fired Wells Fargo reps connected to cross-selling scandal
Citing news articles with Wells Fargo workers questioning why they were fired after the bank’s recent cross-selling scandal…
UBS fires top Connecticut broker Phil Fiore Jr. for multiple violations
Phil Fiore Jr. was part of an $8 billion team and was selected by Barron's as a top adviser in Connecticut in 2015. (More: Former registered representative in Texas arrested for internet Ponzi scheme)
Wells Fargo financial adviser with $350 million in assets skips to Raymond James
The Denver area practice will operate as First Avenue Wealth Partners.
Raymond James recruits three advisers managing $441 million in assets from Merrill Lynch
The hires come as Raymond James gained the most assets under management through adviser recruitment of any financial firm in the third quarter.
Finra bars former JP Morgan, RBC brokers
Both former brokers settled and refused to testify.
Merrill Lynch to pay $7.03 million in Finra case for inadequacies in leveraging customer brokerage accounts
Finra settlement also includes $780,000 in restitution to 22 clients who borrowed against their accounts to invest in Puerto Rico securities. (More: Massachusetts charges Morgan Stanley over unethical sales contest)
Finra fines Morgan Stanley $1.5M for failing to deliver fund prospectuses online
During one nine-month period, the firm failed to deliver close to 2.1 million prospectuses to online customers because of a missing hyperlink.
Merrill fires another star broker, this time over expense account charges
Wirehouse says Sandy Galuppo, who reportedly had $1.4 billion in client assets, had lost management's confidence.
Raymond James expands in Idaho by adding former Morgan Stanley advisers with $685 million AUM
Broker-dealer says the additions are part of a continued expansion of their presence in the North and Northwest.
Wells Fargo teams with SigFig to offer robo-adviser
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. (More: SigFig raises $40 million in funding led by Eaton Vance)
Advisers managing $1.7 billion move to Noyes from Wells Fargo
Chris and Brian Cooke partner with the 108-year-old firm for strategic expansion.
