Broker-Dealers

Displaying 5634 results

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It’s final: Morgan Stanley owns Eaton Vance

CEO James Gorman says the acquisition advances the wirehouse's 'transformation’ by adding fee-based business.

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Firm culture, and why it’s key

Check out what the firms that made the Best Places to Work list this year are doing to make employees happy.

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$1 billion Merrill Lynch team moves to Rockefeller

PBS Wealth Group is located in Newport Beach, California.

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Focus Financial launches secondary offering

Employees and principals of its partner firms will receive the sale proceeds.

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Finra offers additional licensing exams online amid Covid-19

Finra will not require the documentation normally needed to obtain a testing accommodation. That will allow candidates to opt for an online exam if they’re reluctant to go to a test center.

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Merrill Lynch ramps up wealth unit in Florida

As its wealthiest clients fly south, the wirehouse plans to double the number of teams catering to ultra-high-net-worth individuals in the Sunshine State over the next few years.

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Morgan Stanley deal beefs up workplace offering

Privately held companies using law firm Wilson Sonsini's capitalization software will migrate to Morgan Stanley's Shareworks.

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Rockefeller nabs $450 million Merrill Lynch team

The pair of advisers in Denver marks the registered investment advisory firm’s first foray into Colorado.

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Adviser managing $315 million at Wells Fargo goes indie with LPL

Richard Pakes starts CVG Wealth Management in Santa Barbara, California

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Ex-Janney broker stole $400,000 from clients to pay gambling debt: Feds

The broker transferred funds from the investment account of a couple whose portfolio he managed directly into bank accounts he controlled, according to the Department of Justice.

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Two FiNet teams managing $1.06 billion move to Raymond James

A group with seven advisers in West Virginia and a solo adviser in Ohio switch affiliations.

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Team managing $350 million makes U-turn to LPL

Foran Financial Group of Somerville, New Jersey, is rejoining the independent broker-dealer after spending six years at Raymond James.

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Brokers sold GPB private placements using the worst tactics in Wall Street’s playbook

Client appreciation dinners are all well and good, but private suites at Madison Square Garden are clearly beyond the pale.

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LPL updates branding message

'Your Greatness Is Our Goal' is the independent broker-dealer's new theme, referring to the value it brings to its advisers.

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Wells Fargo gets Fed nod for overhaul plan

Fed officials reportedly privately signaled the bank that they accept its proposal for overhauling risk management and governance, which would move Wells a step closer to getting the cap on its assets lifted.

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Pandemic prompts brokerages to seek relaxed in-person inspection requirements

Member firms and trade associations representing them told Finra their pandemic experience has shown that supervisors don’t need to look over the shoulders of registered reps physically to ensure they’re following the rules.

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Team managing $270 million at UBS moves to Baird

The WillowPointe Group, a two-adviser, five-person team, joins in Cookeville, Tennessee.

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FSI advocacy priorities for 2021

For independent advisory firms and advisers, the Biden administration’s approach to regulation will be among the most consequential outcomes of the November elections.

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LPL kicks off program to help advisers buy or sell practices

Its new effort, called M&A Solutions, includes ‘strategic support’ and online tools to help advisers considering a transaction.

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UBS nabs J.P. Morgan Private Bank team managing $6.5 billion

The group of five advisers, which was with J.P. Morgan for nine years, will join UBS' Century City office in Los Angeles.