No details about closing branches or offices of Wells Fargo Advisors locations were included in the filing with the Securities and Exchange Commission.
CEO James Gorman says the firm has seen relatively few departures in the wake of the pandemic. In contrast, he says the bank received about 500,000 job applications last year.
Richard DeYoung and Jessica Boehm opened their new firm, Highland Wealth Partners, in The Woodlands, Texas, and affiliated with LPL's Strategic Wealth Services.
The Swiss bank also identified 'a small number' of wealth management clients who were sanctioned in response to Russia's invasion of Ukraine.
The three advisers operate as RCC Wealth Management in Spartanburg, South Carolina.
The business group formerly known as the Global Family Office is being folded into a larger unit in an effort to link the bank's work serving billionaires more closely to its investment banking business.
The bank said regulators including the Labor Department are looking at transactions related to the plan's employee stock ownership feature.
The trend of breaking away seems to have intensified a year after most employee-advisers were suddenly left without the resources or supervision of daily office life.
A solo adviser joined the firm in Yakima, Washington, and a duo signed on in Durango, Colorado.
Greenwood Village, Colorado-based Brent Hablutzel and Zachary Bond-Stefo will operate as the Hablutzel Group.
The three advisers, who operate as Outcome Private Wealth in Salt Lake City, are affiliating with LPL through OSJ Stratos Wealth Partners.
The SEC and the Justice Department are looking at how bankers, including those at Morgan Stanley and Goldman Sachs, work with hedge funds to carry out stock sales big enough to send prices tumbling.
The win follows several losses for Credit Suisse on similar actions brought by former brokers who say they were denied pay when the firm shut down its U.S. private bank.
The $104 billion Chicago-based aggregator is going after a Seattle adviser for taking clients with him when he left a year ago.
Its purchase of Cook Street Consulting, a Denver-area institutional retirement planning firm with $72 billion in assets, follows its acquisition last year of $43 billion Hyas Group.
The executive will serve as managing director and chairman of Rockefeller's international unit as the firm expands its services to the world's super-rich.
The bank is allowing some fully vaccinated staff to voluntarily return, as well as resume business meetings, travel, and client visits.
Meanwhile, the adviser, James Iannazzo, who was arrested after an incident at a Connecticut smoothie shop, was ordered to stay away from the shop, according to a news report.
Although wirehouses are shrinking, the study finds their reps have an average AUM of $198 million, versus an average of $88.1 million industrywide.
The Louisville, Kentucky-based team is joining the firm’s employee channel.
