The decline is expected to continue over the next six months as the bank closes its international wealth management business. The embattled bank recently revised how it tallies its adviser head count total and this year began including about 800 to 900 private bankers and portfolio managers.
Lisa Quadrini moves to Brandywine Oak Private Wealth in suburban Philadelphia.
Four-adviser NorthEnd Private Wealth is launching in Greenville, South Carolina; it is affiliating with LPL via its Strategic Wealth Services offering.
UBS has been hit with a rash of arbitration claims over strategies investors say damaged them, and most recently it saw a wave of investor complaints over Puerto Rico bonds and bond funds.
Jeter, whose teams won five World Series, retired from baseball after the 2014 season and is currently the CEO of the Miami Marlins.
The bank's sale of $5 billion of shares owned by Archegos on March 25, the day before the deluge of block trades by other firms, helped Morgan Stanley emerge largely unscathed from the fund's flameout.
Veteran advisers Kellie Rixse and business partner Jeff Todd make move in Anchorage, Alaska.
Five-person Adapt Partners is joining Rockefeller in San Antonio
Say goodbye to PDF documents and hello to narrated and personalized videos for client accounts.
The Securities and Exchange Commission summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s Archegos Capital Management.
In response to employee feedback, the bank is seeking to improve engagement in underrepresented communities and considering allowing employees greater flexibility to work remotely.
Tim Vanderloo is joining Silverleaf Wealth Management, an LPL affiliate in Omaha, Nebraska.
The four-adviser, eight-person Hambleton Fieler Group is based in Cincinnati, Ohio, and will be Rockefeller's first private wealth team in Ohio.
The events of the past year have set in motion several factors that have contributed to a surge of pent-up interest in breaking away.
The four-person, two-adviser unit will partner with an existing group at UBS Private Wealth Management in Kenwood, Ohio.
The bank's business of managing ultra-rich clients' money will be moved under the Wells Fargo Private Bank brand.
The father-and-son team at Dawson Wealth Management Group joins the wirehouse in San Diego.
A three-adviser, three-associate team is joining the firm in San Antonio.
The bank continues to cut costs and simplify its broad wealth management business. Just last month, Wells Fargo said it was selling its asset management business, with $600 billion in assets, to two private equity managers.
Doche Financial Consulting Group is based in Scottsdale, Arizona
