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Merrill team advising on $400 million affiliates with Sanctuary
Their independent firm, 18Forty8 Private Wealth, is based in Madison, Wisconsin.
Wells Fargo Advisors keeps focus on simpler pay plan for advisers in 2023
In a break with tradition, the firm is introducing next year's pay plan for its 12,000 advisers earlier this year.
Wells Fargo in discussions with regulator to resolve investigations
The firm is in talks with the Consumer Financial Protection Bureau regarding cases involving automobile lending, consumer-deposit accounts and mortgage lending.
Merrill adds premium outside manager service
The service allows the firm's high-net-worth clients to use a variety of third-party asset management firms.
UBS points to financial adviser hiring in reporting results
The bank added that it had a 'strong quarter' in financial adviser recruitment in the Americas but gave no details in its earnings information.
UBS intrigue pits CEO against a rising star
While CEO Ralph Hamers pursues his vision of harnessing automated tools and boosting the firm's standing in the US, wealth business head Iqbal Khan and his disciples are concerned about diluting UBS' private banking brand.
Merrill team managing $564 million goes indie with Sanctuary Wealth
Plano, Texas-based Valorous Advisors specializes in retirement plan consulting.
Merrill achieves record third quarter despite market volatility
Both revenue and adviser head count increased, and Andy Sieg, president of Merrill Lynch Wealth Management, attributed the strong results partly to the firm's advisers.
BofA beats loan-revenue estimates amid rising rates
Net interest income rose 24% in the third quarter as the bank reaps the benefits of the Fed's interest rate hikes.
Morgan Stanley CEO hints at job cuts
The firm is assessing its head count, CEO James Gorman suggested on an earnings conference call.
Morgan Stanley rides wealth management as a third-quarter highlight
The wealth management group attracted $65 billion in net new asset during the quarter, pushing the total this year to $260 billion.
Wells Fargo’s advisers maintain revenue despite difficult markets, shrinking head count
The wirehouse employed a total of 12,011 financial advisers at the end of September, a loss of 173 advisers in Q3.
Billion-dollar Merrill rep goes indie with LPL
Alexander Guiliano is launching Resonate Wealth in Ridgewood, New Jersey, along with two staffers.
Finra slaps UBS with $2.5 million fine over short-selling violations
It's the second time in as many weeks that Finra has penalized a firm for such trading problems.
Merrill launches matchmaking service to connect investors and advisers
The firm is positioning Merrill Advisor Match as a modern solution for investors who are looking for financial advice.
Wells Fargo facing class action over 401(k) stock purchases
Three plan participants are suing the bank, alleging that it overpaid for company stock in its employees’ retirement plan.
UBS nabs Merrill advisers managing $1.3 billion
Three make the switch in New York City and two will be based in Paramus, New Jersey.
Wall Street banks hire WhatsApp cops after being hit with big fines
In court documents, the SEC described at least a few senior managers at each firm who engaged in rampant texting with colleagues and clients.
Wall Street firms hit with $2 billion in fines in WhatsApp probe
The penalties levied against firms including Citigroup, Bank of America and Goldman Sachs constitute the largest-ever penalties against US banks for record-keeping lapses.
SEC bars Merrill manager out on sick leave
Richard M. Crabtree, who was based in Annapolis, Maryland, began defrauding a client in 2016, according to the agency.
