Meanwhile, Wells Fargo lures defectors from UBS and JPMorgan to expand in the East Coast, while another bank aligns itself with RayJay's financial institutions division.
Agentic AI is landing in trading, treasury and wealth management roles across major banks, with advisory functions as the next frontier.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The tie-up, arriving days after BlackRock's own push to introduce new benchmarking tools, pairs MSCI's index expertise with UBS's alternatives book.
Elsewhere, a Commonwealth team in Massachusetts converts to Cetera, while Janney draws four former Wells Fargo advisors to its Radnor, Pennsylvania office.
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
The bank has swiped three banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Brokerage Oppenheimer has downgraded major U.S. investment banks including Goldman Sachs and Morgan Stanley, according to a report
Regulators found Bank of America's monitoring software had a known flaw Merrill left uncorrected for years.
For years, large firms have been facing penalties and questions from regulators over interest rates for clients’ cash accounts.
After years of mixed signals and shifting timelines from Jamie Dimon, Wall Street sources suggest the race to lead JPMorgan Chase has entered its decisive stretch.
Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.
Firm believes that delivering advice locally is key to expanding financial health.
New appointments are now in line for the top job and have received $30M retention bonuses.
Also, a Fidelity veteran goes indie with Osaic OSJ Innovative Financial Group, and Citizens welcomes a sports and entertainment-focused trio previously overseeing $800 million from Morgan Stanley.
The latest father-son additions at Merill include a tandem originally with Wells Fargo and an Iowa-based trio that crossed over from Baird.
Vince La Padula
The independent brokerage giant welcomes a wealth planning team from Mass Mutual, while UBS reels in a Philadelphia-based endowment specialist.
Wirehouse vets target founders navigating liquidity events with a new fiduciary firm in San Francisco.
