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UBS plans cost cuts after $29B Credit Suisse windfall
The firm is targeting 3,000 domestic job cuts and more than $10 billion in cost savings.
UBS just smashed JPMorgan’s record for quarterly bank profit
Global firm's wealth management unit was among its star performers.
Female-led $325M duo launch sports and entertainment focused firm with LPL
New independent wealth firm also specializes in helping women in transition.
SEC spanks Wells Fargo Advisors with $35M penalty for excessive fees
Some Wells Fargo Advisors clients never got promised discounts, according to the regulator.
Four major banks settle stock-lending suit
Pension funds led by the Iowa Public Employees' Retirement System brought an antitrust action related to the banks' control of the market for stock loans used for hedging and short selling.
Arbitrators order Morgan Stanley to pay senior investor $1.8M
A broker in the firm's Garden City, New York, office put way too much WisdomTree stock in his aunt's portfolio.
Raymond James adds $300 million advisor from Merrill
Burdette Park will launch eponymous firm in Louisville, Kentucky.
Advisor movement declines 16.6% over first half
The total of 6,757 advisors moving between advisory and brokerage firms in the first half is the lowest level seen in the data, which go back to 2009.
RBC snags giant $5.5 billion team from UBS in Atlanta
The ESOP Group, founded in 1989, specializes in working with business owners on the sale of their businesses.
UBS reaches $1.44B settlement in DOJ mortgage-bond case
The case, which dates back to 2006 and 2007, relates to the issuance, underwriting and sale of the securities.
Former Wells Fargo private bank execs gather assets at new firm
Jack Ginter was the president of Wells Fargo's private bank until he left in 2021.
UBS Wealth Management takes another $640M team from Wall Street firm
The Swiss-headquartered wealth manager has expanded its advisor head count in Ohio.
UBS faces new class action
Even as the bank removes Credit Suisse nameplates, more legal storm clouds roll in.
Rockefeller Capital Management continues expansion as more wealth advisors join the team
Firm has big plans for growth, acquisitions.
In CEO race, Morgan Stanley hopes for drama-free handoff
Outgoing CEO Gorman wants an outcome in which the rejected finalists stay with the firm.
Former school teacher joins LPL Financial’s employee advisor channel
Brendan Wood has managed approximately $130M in assets, most recently with Merrill Lynch.
Merrill Lynch $320M AUM team goes independent in Texas
Veritas Legacy Wealth launches with support from LPL Financial's Strategic Wealth Services.
Wall Street to pay hundreds of millions more for WhatsApp use
Wells Fargo units agreed to pay $125 million to the SEC and $75 million to the CFTC.
Ex-Wells Fargo Advisors chief Kowach launching new firm
'Kowach has been laying the groundwork for this since last year,' says one industry source.
Navigating AI’s regulatory challenges
Like other technologies in the past, AI is bound to reshape the operations of the financial advice industry.
