Displaying 2249 results
Cap on Wells Fargo assets will cause pain eventually, Scharf says
The bank has been hobbled by the Fed order limiting its size for more than five years — longer than Scharf's tenure as CEO.
UBS is latest firm OK’d by NFL players union
More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.
Indiana-based hybrid hires former Wells Fargo exec
John Peluso retired in September as head of Wells Fargo’s clearing operations, and earlier presided over FiNet.
Raymond James nabs California advisor from Morgan Stanley
Jeffrey Olsen oversees nearly $200 million, operating as Olsen Wealth Management.
Bank fined $24M for spoofing in Treasuries market
Two former employees engaged in more than 700 ‘spoofs’ over almost a decade, Finra charges.
Billionaires acquiring more wealth through inheritance than entrepreneurship, says UBS
Report focused on the last year highlights the impact of the Great Wealth Transfer.
Wells Fargo loses another executive, this time to LPL
Jim McHale is the new chief compliance officer at LPL Financial.
UBS chair warns about bubble in private credit
Colm Kelleher joins other executives and regulators warning of growing risks in the booming market.
Q3 advisor moves down 18.9% from year before
The recruiting data show advisors' preference for operating under independent models.
Morgan Stanley co-president Andy Saperstein diagnosed with cancer
The executive plans to continue working as he begins to receive treatment.
Morgan Stanley taps Jed Finn to run wealth business
Finn was previously an executive at McKinsey & Co., as were co-president Andy Saperstein and CEO James Gorman.
Independent advisory firm launches in Massachusetts with $650m in assets
Two advisors formerly affiliated with Morgan Stanley and UBS make the jump to new RIA.
Morgan Stanley International ex-chairman sues for over $15 million in unpaid fees
Legal battle launched over retainer, success fees.
Morgan Stanley to pay 6 states $6.5M for failing to protect customer data
About 15 million clients' details were exposed after information was left on decommissioned computers.
Wealth management bonuses to increase, bankers hit hard
Wall Street payouts look grim for many but wealth firms should fare better, according to compensation consultants.
Snowden Lane addition brings total recruited assets this year to $1B
Former Merrill Lynch advisor is the latest to switch to the hybrid RIA.
Fed pushes Morgan Stanley to tighten wealth management controls
The regulator wants to ensure enough is being done to prevent money laundering by international clients.
UBS wins back Credit Suisse clients
The bank saw stronger-than-expected client inflows of $22 billion in its wealth management business, including $3 billion at Credit Suisse's unit.
SEC keeps up pressure on firms’ cash sweep accounts
'Interest rates are coming back, so where you put clients' money in cash is an issue again,' one attorney notes.
Wells Fargo analyst questions Morgan Stanley’s $20M bonuses
Mike Mayo says the payouts to three senior leaders suggest governance risk.
