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Morgan Stanley hits 70% of $1T ESG funding goal
Firm's funding went toward areas including clean energy, carbon removal and social housing.
Raymond James signs up Merrill advisor managing about $360 million in assets
Forbes-recognized advisor in Ponte Vedra, Florida, leaves bank for independent.
LPL Financial welcomes $650M Morgan Stanley advisor team for new business
The trio of advisors have launched their new firm, Pinnacle Private Wealth Advisors, in Bellevue, Washington.
More turnover at top of Wells Fargo brokerage group
'New leadership has been making big strides,' says industry source.
$425 million advisory team jumps to LPL from Merrill
Woman-led firm sets up independent practice in Washington state.
Merrill Lynch team with $450m leaves for Steward Partners
Advisors Mark Morasky, Erik Clay and Chris Figaro are launching Vantage Point Private Wealth.
Morgan Stanley files for next round of ETFs
The firm is launching three fixed-income exchange-traded funds bearing the Eaton Vance name, in addition to a Parametric ETF.
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.
UBS to pay $387M in fines linked to Credit Suisse’s dealings with Archegos
The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.
Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies
More job cuts to come, meanwhile JPMorgan is hiring.
Despite revenue dip, Merrill Lynch growth contributes to strong quarter for BofA
Merrill Lynch client balances grow 8.4% year-over-year to surpass $3 trillion in the second quarter.
Earnings wrap: BoA earnings exceed expectations
The wealth management division's a ray of light for Morgan Stanley.
Morgan Stanley reports $78M in severance to axed wealth management employees
It's not clear what type of employees were laid off, but one industry executive says big firms are rethinking the hiring of administrative assistants.
Rising assets, rates stabilize wealth management at Wells Fargo
Along with net interest income, the bank’s total client assets also grew.
Wells Fargo shares jump after Q2 results exceed estimates
Bank's net interest income soars on back of Fed rate hikes.
Credit Suisse bleeds bankers, UBS saves on payouts
Rivals have poached dozens of senior Credit Suisse investment bankers in recent months, reducing the need for big redundancy packages for UBS.
Got less than $680,000 to invest? Morgan Stanley doesn’t want your business
The big wealth manager palms off 'low value' clients in Australia.
Wells Fargo loses $145 million advisor to LPL
Broomall, Pennsylvania-based David W. Rodgers moves for “breadth and depth of services.”
Merrill Lynch smacked with $12 million penalty for reporting violations
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
CFPB slams BofA with quarter-billion-dollar settlement
The bureau will keep $90 million, with the rest going to consumers, Office of the Comptroller of the Currency.
