The four advisers will operate as Heberle Helm Ferguson Group in Monroeville, Pennsylvania.
James Iannazzo, who lost his job at Merrill after a tirade at a smoothie shop, will have the charges against him dismissed after a year under supervision.
Finra says the firm failed to report certain trades in TRACE-eligible securities.
The wirehouse's Global Wealth Management Americas group reported $12 billion in net new fee-generating assets in the first quarter.
The four advisers will operate as Resolute Private Wealth in Forest, Virginia.
Adviser ranks are falling, but the bank reports 7,800 net new client relationships and a growing thirst for alternative investments.
Annualized revenue per adviser, a key industry metric, was $1.22 million at the end of March, up 4.3% from the end of last year.
'I think in the wealth and asset management spaces internationally, we punch below our weight,' Chairman and CEO James Gorman said during the firm's conference call to discuss first-quarter earnings.
The former rep, Joseph C. DeNicola, alleged wrongful termination, defamation and unpaid compensation.
In its appeal, the firm argues that the judge was wrong and that the arbitration decision it had initially won against a client should stand.
The new team will offer investments that focus on promoting equality, expanding opportunities and improving outcomes for underrepresented or marginalized groups.
As chief strategy officer, LPL's former chief investment officer will join the executive board and report directly to Ron Carson.
The asset sale suggests Morgan Stanley won't be following some competing Wall Street firms that are migrating toward the RIA space.
The father-and-son team of David and Mitch Vallie is based in Grand Blanc, Michigan.
Competitors, who couldn’t figure out how Morgan Stanley was bidding for block trades at such tight discounts, are now swapping 'I told you so’s.'
The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit.
It was the only wirehouse to show a net increase in financial advisers last year, according to InvestmentNews data.
Pasadena-based Floe Financial Partners had been affiliated with LPL prior to joining Wells Fargo in 2012.
Firms have made plans to return employees and advisers to offices in the past but have scuttled those due to flare-ups of the pandemic.
The three-person Arnold & Tai Group is joining the firm in Denver.
