Financial adviser and IBD headcounts continue to shrink as training can't catch up with the drain of talent. But how's the rest of the business faring?
Changes are expected as Finra considers its controversial broker-comp rule this week. Industry watchers say wirehouses are largely backing a recruiting incentive regulation but IBDs oppose it.
“The way these firms are managed, the amount of capital that they have, the amount of liquidity that they have, the changes in their business mix -- it's dramatic," according to Morgan Stanley's CEO.
The brokerage giant was accused of violating federal securities laws in underwriting and selling Lehman securities to investors, who claimed that offering materials contained misleading information about Lehman's financial condition.
The additions to the firm reflect new hiring activity, recruiters say
The judge who today will hear arguments on Bank of America's $160 million settlement has repeatedly rejected requests by black financial advisers at BofA's Merrill Lynch unit to sue as a group over alleged racial discrimination.
Ripple effect could be felt, making advice business 'a healthier place.'
Five hires join from rival firms Morgan Stanley, UBS
Acquires $1.5B team from J.P. Morgan Securities.
45-year veteran based in New Jersey jumps from Morgan Stanley.
UBS gains a 45-year veteran adviser with $4.8 billion in assets from Morgan Stanley. Dan Jamieson reports.
Merrill Lynch reaches a $160 million settlement over a racial discrimination lawsuit filed by a group of advisers.
Top producer served pension funds, endowments, foundations, retirement plans.
RIAs continue to surge while full-service brokerage firms sputter
Bank of America Corp. has combined its retirement planning and wealth management capabilities.
Restructuring, if it happens, won't likely affect Merrill's advisers.
