Wirehouses

Displaying 2322 results
BofA banker charged with murder in Michelle Avan's death
NEWS WIREHOUSES AUG 10, 2021
BofA banker charged with murder in Michelle Avan's death

Anthony Turner, a commercial banker, faces one felony count each of murder and first-degree residential burglary, according to the Los Angeles County District Attorney's office. The case remains under investigation.

By Bruce Kelly
Morgan Stanley bucks trend of more advisers leaving wirehouses
NEWS PRACTICE MANAGEMENT AUG 09, 2021
Morgan Stanley bucks trend of more advisers leaving wirehouses

The company maintained its healthy recruiting pace over the first two quarters of the year even as losses continued to mount among its wirehouse competitors.

By Devin McGinley
Merrill Lynch veteran Michelle Avan dies
NEWS PRACTICE MANAGEMENT AUG 09, 2021
Merrill Lynch veteran Michelle Avan dies

Avan recently became SVP and head of global women's and under-represented talent strategy, global human resources for Bank of America.

By Liz Skinner
BlackRock, Wells Fargo delay return to office on Covid concerns
NEWS PRACTICE MANAGEMENT AUG 05, 2021
BlackRock, Wells Fargo delay return to office on Covid concerns

The shifts signal that the financial services industry is rethinking its return-to-office plans as the highly contagious delta variant sweeps across the country.

By Bloomberg
Wells Fargo duo managing $266 million goes indie with Raymond James
NEWS BROKER DEALERS AUG 05, 2021
Wells Fargo duo managing $266 million goes indie with Raymond James

Jeff Anderson and Doug McClure of Bothell, Washington, affiliate through Mainspring Wealth Advisors, an office of supervisory jurisdiction.

By InvestmentNews
Merrill Lynch quintet managing $427 million moves to Raymond James
NEWS BROKER DEALERS AUG 03, 2021
Merrill Lynch quintet managing $427 million moves to Raymond James

The family-based team is joining the firm's employee unit and opening an office in West Fort Worth, Texas.

By InvestmentNews
Wells Fargo taps Tyers to head independent advisor group
NEWS PRACTICE MANAGEMENT JUL 29, 2021
Wells Fargo taps Tyers to head independent advisor group

The former AdvisorEngine exec will oversee FiNet, First Clearing and the wirehouse's RIA business.

By InvestmentNews
Wells Fargo adviser managing $300 million leaves for RIA
NEWS RIAS JUL 29, 2021
Wells Fargo adviser managing $300 million leaves for RIA

Chad Bester is joining Mount Yale Capital Group in Minneapolis.

By InvestmentNews
Duo managing $239 million at Wells Fargo leave for Stifel
NEWS PRACTICE MANAGEMENT JUL 28, 2021
Duo managing $239 million at Wells Fargo leave for Stifel

Tim Devlin and Michael Jeremiah are joining the firm in Spokane, Washington.

By InvestmentNews
Banks making cheap loans to the ultra-rich
NEWS PRACTICE MANAGEMENT JUL 23, 2021
Banks making cheap loans to the ultra-rich

Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.

By Bloomberg
Why are so many Merrill Lynch advisers leaving?
NEWS OPINION JUL 23, 2021
Why are so many Merrill Lynch advisers leaving?

Whether they're inclined to stay or to go, advisers owe it to their clients and themselves to pay attention to the subtle, but important, changes happening at the company.

By Barbara Herman
As in-person conferences restart, attendees want one thing above all else
NEWS BROKER DEALERS JUL 22, 2021
As in-person conferences restart, attendees want one thing above all else

New report shows financial adviser conference attendees are less impressed with sponsor status than they are with solid content from those sponsors.

By Jeff Benjamin
Four-woman, $800 million Wells Fargo team goes indie
NEWS PRACTICE MANAGEMENT JUL 22, 2021
Four-woman, $800 million Wells Fargo team goes indie

Miami-based Green Grove Wealth Management is affiliating with Insigneo.

By InvestmentNews
Janney nabs three wirehouse teams managing almost $1.4B
NEWS BROKER DEALERS JUL 20, 2021
Janney nabs three wirehouse teams managing almost $1.4B

Four reps from Merrill Lynch join Janney, along with six advisers in two groups from Wells Fargo.

By InvestmentNews
UBS wealth management boosts assets as adviser head count slips
NEWS PRACTICE MANAGEMENT JUL 20, 2021
UBS wealth management boosts assets as adviser head count slips

UBS in the Americas appears to be focusing on recruiting giant teams of private banking advisers as it continues to see experienced advisers walk to competitors.

By Bruce Kelly
Morgan Stanley trio managing $700 million goes indie
NEWS PRACTICE MANAGEMENT JUL 20, 2021
Morgan Stanley trio managing $700 million goes indie

Los Angeles-based PBC Private Wealth will use LPL’s strategic wealth services, a unit that supports breakaways.

By InvestmentNews
UBS assets and fee income surge in Q2
NEWS WIREHOUSES JUL 20, 2021
UBS assets and fee income surge in Q2

The wealth management business saw $25 billion of inflows of net new fee-generating assets across all regions and also made $7 billion in net new loans to rich clients in the quarter.

By Bloomberg
'Salary plus bonus' will arrive at the wirehouses
NEWS OPINION JUL 16, 2021
'Salary plus bonus' will arrive at the wirehouses

The switch in the compensation model will arrive silently, via death from a thousand cuts.

By Brad Wales
Wells Fargo says return to office will look ‘mostly’ like pre-Covid
NEWS PRACTICE MANAGEMENT JUL 16, 2021
Wells Fargo says return to office will look ‘mostly’ like pre-Covid

The bank, with almost 260,000 employees, will start calling workers back to the office on Sept. 7, a process that will continue through October, according to an internal memo.

By Bloomberg
The outlook for the independent broker-dealer model
NEWS OPINION JUL 15, 2021
The outlook for the independent broker-dealer model

For the increasingly fee-based advisers at independent broker-dealers, the transition to the RIA model is likely to pick up speed in the years to come.

By Brad Wales