At the center of the judge's order to vacate the arbitration decision were questions about whether or not Finra arbitration was a neutral forum for investors.
Like its competitors, the Swiss bank had a strong quarter when it came to reeling in net new client assets.
Days after hiring Robert McCann, former UBS chairman for the Americas region, NewEdge announces more UBS veterans are joining the firm.
CEO Ralph Hamers is on a mission to pull UBS into the digital age, and last week's announcement of the bank's acquisition of robo-adviser Wealthfront was his first move.
The largest Swiss bank said the acquisition will accelerate its growth in America, broadening the firm’s reach to more mass-affluent investors.
The acquisition will add more than $27 billion in assets under management and over 470,000 clients in the U.S., the bank said.
The adviser, James Iannazzo, went on a tirade over the weekend after his son had an allergic reaction to a drink.
Chief executives at leading brokerage and advisory firms are earning more money than ever. Here are the 2021 compensation numbers for some of the most notable executives.
The moves in product teams increase the responsibilities of Andy Sieg, the president of Merrill Lynch, and Katy Knox, president of BofA's private bank.
The Office of the Comptroller of the Currency terminated an order related to add-on products, in another sign of progress for CEO Charlie Scharf's efforts to turn the bank around.
While private equity investors have an unquenchable thirst for wealth management, the public markets haven't always been kind to wealth management companies.
Last year was an unusually productive one for Morgan Stanley and its close to 16,000 financial advisers, who brought in record net new assets for the year.
Merrill Lynch, an industry bellwether, reports a host of new highs in 2021, ranging from revenue to assets and net new ultra-high-net-worth clients.
The three advisers, who will operate as The HarborView Group in St. Petersburg, previously were affiliated with Morgan Stanley.
While the company hasn't staunched the bleeding of its financial advisers completely, the three months ending in December saw the rate of decline slow a bit, while the average revenue per adviser continued to increase.
The former UBS chief was named co-chair of recently rebranded NewEdge Capital Group.
Despite last year’s riot at the Capitol and a variety of lethal Covid-19 variants, the broad stock market roared, which is always good news for financial advisers and their firms.
Morgan Stanley allegedly learned of the breach when it was contacted by a man who said he had purchased used IT equipment from an internet vendor that came with access to sensitive customer data.
Brett Moore will work in the firm’s Beverly Hills, California, office.
'I really think that our financial advisers are going to be happy about this,' one Wells Fargo executive said.
