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Morgan Stanley fires 10 reps over account takeovers from retired advisers
PRACTICE MANAGEMENT NOV 19, 2020
Morgan Stanley fires 10 reps over account takeovers from retired advisers

The terminations raise questions about the company's former advisor program known as FAP

By Bruce Kelly
Adviser managing $160 million at Wells Fargo joins Baird
INDEPENDENT BROKER DEALERS NOV 19, 2020
Adviser managing $160 million at Wells Fargo joins Baird

Mario Perez is moving to the Baird office in Sacramento, California

By InvestmentNews
Wells Fargo team managing $1.15 billion exits to Stifel
INDEPENDENT BROKER DEALERS NOV 19, 2020
Wells Fargo team managing $1.15 billion exits to Stifel

Stolz-Smith Financial Consulting Group is opening a branch in Midland, Michigan

By InvestmentNews
Duo managing $350 million at UBS move to RBC
PRACTICE MANAGEMENT NOV 18, 2020
Duo managing $350 million at UBS move to RBC

Samuel Martello and Brian Sullivan switch firms in Cleveland

By InvestmentNews
Veteran Merrill group with $5 billion jumps to First Republic
WIREHOUSES NOV 18, 2020
Veteran Merrill group with $5 billion jumps to First Republic

John C. McNamee and Daniel J. White are the latest Wall Street veterans to move to First Republic

By Bruce Kelly
UBS Wealth picks ex-NFL player to lead athlete segment
PRACTICE MANAGEMENT NOV 18, 2020
UBS Wealth picks ex-NFL player to lead athlete segment

Adewale Ogunleye is a former Pro Bowl defensive end with the Chicago Bears

Merrill adds more choices to its model portfolio offering
WIREHOUSES NOV 13, 2020
Merrill adds more choices to its model portfolio offering

Additions include sustainable, hybrid and high-net-worth options from several managers

By InvestmentNews
Ex-Wells Fargo CEO Stumpf to pay $2.5 million in SEC settlement
WIREHOUSES NOV 13, 2020
Ex-Wells Fargo CEO Stumpf to pay $2.5 million in SEC settlement

The agency accused Stump and former Wells executive Carrie Tolsted with misleading shareholders about the success of Wells' community bank

By Bloomberg
Team managing $1.8 billion at UBS goes to Venture Visionary Partners
PRACTICE MANAGEMENT NOV 12, 2020
Team managing $1.8 billion at UBS goes to Venture Visionary Partners

The addition of 12 professionals and AUM almost doubles the size of the Toledo, Ohio, RIA

By InvestmentNews
UBS sued for $500 million by Chinese tycoon over deal gone awry
WIREHOUSES NOV 06, 2020
UBS sued for $500 million by Chinese tycoon over deal gone awry

Wealthy Chinese businessman Guo Wengui steps up his fight over money he lost when the bank called in a margin loan

By Bloomberg
UBS slashes investment minimum for robo-advice
FINTECH NOV 05, 2020
UBS slashes investment minimum for robo-advice

Giant firms are looking for an avenue to serve younger clients

By Bruce Kelly
Wells Fargo to freeze raises for high earners
PRACTICE MANAGEMENT NOV 05, 2020
Wells Fargo to freeze raises for high earners

The bank plans to halt increases in base pay in the coming year for employees earning more than $150,000

By InvestmentNews
RIAs are killing it in 2020 recruiting
PRACTICE MANAGEMENT NOV 04, 2020
RIAs are killing it in 2020 recruiting

The numbers are way up, even as firms struggle amid the COVID-19 pandemic

By Bruce Kelly
Family trio managing $200 million at Wells Fargo goes indie with LPL
INDEPENDENT BROKER DEALERS NOV 03, 2020
Family trio managing $200 million at Wells Fargo goes indie with LPL

Trilith Wealth Management maintains offices in West Virginia and Florida

By InvestmentNews
Stifel adds three Merrill advisers
INDEPENDENT BROKER DEALERS OCT 30, 2020
Stifel adds three Merrill advisers

Dallas duo manages $128 million; Missouri-based adviser manages $115 million

By InvestmentNews
Chip Walker exits Wells Fargo to join Baird
INDEPENDENT BROKER DEALERS OCT 30, 2020
Chip Walker exits Wells Fargo to join Baird

Walker will oversee the firm's retail expansion in the St. Louis area

By InvestmentNews
Wells Fargo hits lowest level since 2009
WIREHOUSES OCT 28, 2020
Wells Fargo hits lowest level since 2009

Investors are waiting to learn more about CEO Scharf's strategy amid news of job cuts, sales of business units

By Bloomberg
Duo managing $475 million at UBS joins RBC
WIREHOUSES OCT 27, 2020
Duo managing $475 million at UBS joins RBC

Robert Loupee and Michael Graziani shift firms in Bloomfield Hills, Michigan

By InvestmentNews
Wells Fargo exploring $1 billion-plus corporate-trust sale
WIREHOUSES OCT 27, 2020
Wells Fargo exploring $1 billion-plus corporate-trust sale

The bank is also considering whether to unload its $10 billion student-loan portfolio

By Bloomberg
Adviser managing $220 million at UBS moves to Raymond James
INDEPENDENT BROKER DEALERS OCT 26, 2020
Adviser managing $220 million at UBS moves to Raymond James

Mark Parker is joining the firm's employee channel in Memphis, Tennessee

By InvestmentNews