The father-and-son team of David and Mitch Vallie is based in Grand Blanc, Michigan.
Competitors, who couldn’t figure out how Morgan Stanley was bidding for block trades at such tight discounts, are now swapping 'I told you so’s.'
The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit.
It was the only wirehouse to show a net increase in financial advisers last year, according to InvestmentNews data.
Pasadena-based Floe Financial Partners had been affiliated with LPL prior to joining Wells Fargo in 2012.
Firms have made plans to return employees and advisers to offices in the past but have scuttled those due to flare-ups of the pandemic.
The three-person Arnold & Tai Group is joining the firm in Denver.
Some of the biggest brands in wealth management are trying to figure out what normal looks like, and how and whether it makes sense to bring employees back to the office.
John Alexander is the second senior manager with two decades at the firm to leave Wells Fargo Advisors in recent months.
Charlie Scharf earned $24.5 million last year, up from $20.3 million for 2020.
The RIA channel saw a net gain of 1,530 financial advisers in 2021, while the wirehouses had a net loss of 2,065.
The hiring push comes after Merrill and Bank of America reported a 6.3% decline in financial adviser head count last year.
James Iannazzo, who's facing three charges as a result of the incident in January, seeks to plead not guilty and be put on probation for up to two years.
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.
