Wirehouses

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Morgan Stanley partners with OpenAI on internal chatbot for its advisors
NEWS FINTECH MAR 15, 2023
Morgan Stanley partners with OpenAI on internal chatbot for its advisors

Answers to advisors' questions will be generated exclusively using Morgan Stanley's library of content and data.

By Ryan W. Neal
Raymond James adds Wells Fargo team with $450 million in assets
NEWS BROKER DEALERS MAR 15, 2023
Raymond James adds Wells Fargo team with $450 million in assets

The father-son pair, David and Paul Gwidt, will operate as Gwidt Wealth Management Group in Racine, Wisconsin.

By InvestmentNews
Raymond James adds advisor managing $350 million at UBS
NEWS BROKER DEALERS MAR 07, 2023
Raymond James adds advisor managing $350 million at UBS

Richard Weisberg will operate as Weisberg Wealth Management in Naples, Florida.

By InvestmentNews
Wells Fargo advisors with $1.45 billion in assets go independent with LPL
NEWS BROKER DEALERS MAR 06, 2023
Wells Fargo advisors with $1.45 billion in assets go independent with LPL

The core group of Angie Ostendarp, Jordan Raniszeski and Mary Sherrill Ware is joined by Mitch Mayfield and Jeff Vandiver.

By Ryan W. Neal
UBS CEO gets 11% pay hike
NEWS PRACTICE MANAGEMENT MAR 06, 2023
UBS CEO gets 11% pay hike

Ralph Hamers received $13 million for his second full year in the job while the overall bonus pool for the rest of the firm was cut 10% to $3.3 billion.

By Bloomberg
Morgan Stanley ESG ETFs get the cold shoulder
NEWS ESG MAR 03, 2023
Morgan Stanley ESG ETFs get the cold shoulder

Critics say Morgan Stanley's big launch of six Calvert ETFs was poorly timed in an environment where ESG has become a political football.

By Jeff Benjamin
UBS adds pair of Merrill advisors managing $640 million
NEWS WIREHOUSES MAR 01, 2023
UBS adds pair of Merrill advisors managing $640 million

Brian Mariash, James Lowther and their team will operate as Mariash Lowther Wealth Management in Sarasota, Florida.

By InvestmentNews
Morgan Stanley ordered to pay Schwab $7.3 million over broker recruiting
NEWS WIREHOUSES FEB 28, 2023
Morgan Stanley ordered to pay Schwab $7.3 million over broker recruiting

In its arbitration claim, Schwab accused Morgan Stanley and the two brokers who joined Morgan Stanley of violating a non-solicitation agreement.

By Mark Schoeff Jr.
LPL adds Merrill advisor managing $300 million
NEWS BROKER DEALERS FEB 28, 2023
LPL adds Merrill advisor managing $300 million

Irvine, California-based Eric Gallinger is affiliating with LPL through Stratos Wealth Partners.

By InvestmentNews
Merrill Private Wealth promotes Hans to lead unit
NEWS PRACTICE MANAGEMENT FEB 27, 2023
Merrill Private Wealth promotes Hans to lead unit

For the last six years, Lindsay Hans has headed Merrill's Northeast and Mid Atlantic Divisions. She succeeds Don Plaus, who's retiring.

By Bruce Kelly
Morgan Stanley team with $715 million joins Americana Partners
NEWS WIREHOUSES FEB 27, 2023
Morgan Stanley team with $715 million joins Americana Partners

The team of eight in Midland, Texas, was brought to Americana by Dynasty Financial Partners.

By Bloomberg
Merrill advisor with $440 million in assets affiliates with LPL
NEWS BROKER DEALERS FEB 27, 2023
Merrill advisor with $440 million in assets affiliates with LPL

Thom Maher is launching a firm, Maher Wealth Management, in Phoenix.

By InvestmentNews
Sanctuary Wealth adds $1.5 billion Merrill team
NEWS WIREHOUSES FEB 24, 2023
Sanctuary Wealth adds $1.5 billion Merrill team

Chappell Wealth Management is based in The Woodlands, Texas.

By InvestmentNews
Dynasty Financial, in first-ever acquisition, picks up TruClarity's breakaway business
NEWS RIAS FEB 16, 2023
Dynasty Financial, in first-ever acquisition, picks up TruClarity's breakaway business

Dynasty currently has 35 job openings, and CEO Shirl Penney said TruClarity's people, including CEO Pamela Stross, were a big part of its appeal.

By Jeff Benjamin
Merrill launches new tool allowing advisors to record, share custom videos
NEWS FINTECH FEB 14, 2023
Merrill launches new tool allowing advisors to record, share custom videos

The wirehouse's Video Pro guides advisors through creating compliance-approved content for clients and prospects.

By Ryan W. Neal
Raymond James nabs $680 million team from UBS
NEWS BROKER DEALERS FEB 14, 2023
Raymond James nabs $680 million team from UBS

The four advisors operate as Momentum Wealth Partners in Akron, Ohio.

By InvestmentNews
Finra arbitrators order Credit Suisse to pay $1.3 million to former rep
NEWS WIREHOUSES FEB 06, 2023
Finra arbitrators order Credit Suisse to pay $1.3 million to former rep

The Swiss firm loses another dispute over deferred compensation related to the 2015 closure of its U.S. wealth management operation.

By Mark Schoeff Jr.
Alex. Brown nabs Florida advisor managing $250 million at Merrill
NEWS BROKER DEALERS FEB 02, 2023
Alex. Brown nabs Florida advisor managing $250 million at Merrill

Daniel Laiter will join Alex Brown's Brickell Avenue branch in Miami.

By InvestmentNews
UBS wealth management Americas adds assets but pace slows in tough 2022
NEWS WIREHOUSES JAN 31, 2023
UBS wealth management Americas adds assets but pace slows in tough 2022

UBS reported that it had 6,245 financial advisors in the Americas region at the end of last year, little changed from 6,218 at the end of 2021.

By Bruce Kelly
Finra bars ex-UBS broker in Texas who sold phony annuities
NEWS ALTERNATIVES JAN 30, 2023
Finra bars ex-UBS broker in Texas who sold phony annuities

According to Robert Earl Turner's BrokerCheck profile, UBS has settled six disputes with his customers for close to $12 million.

By Bruce Kelly