Displaying 2254 results
Wells Fargo sees slowdown in advisers exiting this year
The 2016 banking scandal and public relations fiasco had alienated some of the firm's advisers.
California rep files class action suit against Morgan Stanley
Former broker in San Francisco claims firm did not reimburse reps for expenses.
Former broker fined $10,000 and suspended six months over expense account
Now-RIA Joshua Crossman admitted he fibbed to use up Merrill Lynch expense allowance.
Wirehouses best positioned to benefit from artificial intelligence
The new technology could threaten smaller advisory firms, according to research from Lex Sokolin.
Merrill Lynch fires Chicago star broker Bruce Lee
A perennial member of Barron's list of top financial advisers, his team managed nearly $3 billion in client assets
SEC advice rule: Here’s what you need to know
We sifted through the nearly 1,000-page proposal and picked out some of the most important points.
Morgan Stanley’s success looks long in the tooth to analyst
Sanford C. Bernstein & Co. analyst Christian Bolu, concerned over stalled adviser growth and what it means for lending and deposit growth, believes the stock will "under perform."
Wells Fargo Advisors continues to bleed reps
In the latest quarter, the broker-dealer suffered a net loss of 145 brokers.
Morgan Stanley continues its mutual fund overhaul
The firm is working on reducing the number of funds on its platform further and will be converting some funds investors hold from C shares into A shares.
Morgan Stanley ignored abuse accusations against one of its top brokers: report
Firm looked the other way over Douglas Greenberg's legal run-ins, according to New York Times
Merrill Edge looks to hire 300 advisers in 2018
Online brokerage platform also plans to open 600 new investment centers by 2020.
What to make of Morgan Stanley’s new robo
The brokerage's focus on digital could be a way to retain younger clients or an effort to catch up with Merrill.
Firms exiting broker protocol will suffer, reps say
Firms that help reps make change are more attractive, Fidelity survey finds.
Stocks of brokerages, insurers rally after DOL rule struck down
Morgan Stanley, LPL and Principal among stocks that climbed higher than market benchmarks Friday.
UBS plans to cut 840 funds from its platform
Broker-dealer will remove about 20% of its 4,200 funds, a trend among wirehouses with several possible reasons behind it.
Merrill vets ready to recharge breakaway recruiting efforts
After regrouping in wake of broker-protocol exits, Snowden Lane Partners is ready to recruit wirehouse brokers and RIAs.
Merrill shakes up group that works with richest clients
Experts dealing with international and private banking clients will now form one team.
Wirehouse advisers: time to unionize?
If leaving becomes more and more challenging for advisers, their firms may keep cutting compensation to boost returns to shareholders.
UBS shrinks recruiting costs in 2017, boosts adviser pay
Both trends reflect the firm's shift away from recruiting in favor of increasing the compensation of existing brokers.
Morgan Stanley CEO says he’s `not a fan’ of Trump tariffs
Biggest issue for the U.S. is fiscal deficits, not trade deficits, Gorman says.
