Roughly two dozen specialists to support Merrill Wealth Management advisors on alts, custom asset allocation, specialized lending, and more complex services for elite clients.
Citi Wealth unveils new role for fiduciary investment just as JPMorgan's asset management arm welcomes experts to boost retirement business.
The global financial giant is expanding its focus beyond the mega-affluent as it looks to compete with rival banks on Wall Street.
The seasoned professional with more than two decades' experience at the firm will take charge of a nationwide team to draw top-caliber veteran talent.
The industry veteran's appointment to lead the firm's New England and Upstate New York operations comes amid a broader Eastward expansion.
Amid its aggressive global push, lax procedures at the firm led to one-fourth of international accounts being flagged as high-risk for money laundering, according to a 2023 document.
The financial industry veteran will be taking over a broad mandate, including developing investment strategies and overseeing multiple groups across Citi's wealth business.
The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.
The firm is making headway in the Florida wealth market with four wirehouse advisors who collectively oversaw nearly $2 billion at their former firms.
The newest additions to Bank of America Private Bank bring more than half a century of cumulative experience, including previous roles at JPMorgan.
The Canadian bank-owned wealth giant is strengthening its presence in Virginia as it welcomes the 23-year veteran to its network.
The Wall Street giant is reportedly sweetening its recruitment packages for top-gun professionals as it continues to navigate a yearslong compliance cleanup.
The iconic Wall Street leader will assume the role as the search continues for the global entertainment titan's next chief executive.
“Advisors from the banks are coming to Wells Fargo to find out more," says one well-placed source.
He joins the firm's private wealth division in South Florida as the newest addition to a $7.2B advisory team.
“There was also cash moving off the sidelines,” one Merrill executive noted.
Wells Fargo Advisors management stresses stability, while recruiter says it appears "faucet of advisors leaving has turned into a drip."
The BofA wealth unit's latest additions in Texas and New York reportedly oversee $950M in client assets combined
The wirehouse's latest addition in Manchester, New Hampshire arrives with more than two decades of industry experience.
The US Senator pressed regulators to place growth restrictions on the Wall Street giant, citing repeated failures in its compliance and risk management.
