Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched.
Net new assets for the wealth unit totaled $95 billion, higher than the two previous quarters combined.
Given strong US growth and sticky inflation, the Fed's next move could be to tighten again, pushing its benchmark rate as high as 6.5 percent.
South Florida-based advisor had been overseeing $105 million in client assets at Wells.
Six advisors break away from the wirehouse to launch a firm in Alabama.
'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.
The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.
The SEC and other federal regulators are reportedly probing the banking giant over its anti-money-laundering and client vetting practices.
Advisor believes that market has an upward bias and that this is the best situation he’s seen in almost five decades
‘Save first and then establish ... lifestyle second,’ advisor tells her clients in the entertainment industry
The bank's shares fell on the news that the government wants systemically important Swiss banks to hold significantly more capital against foreign units.
Sergio Ermotti, who has been leading UBS' integration of Credit Suisse, was paid $16 million for his first nine months on the job.
Broker-dealers are increasingly chasing registered investment advisor assets.
UBS market executive Julie Fox explains how she provides her advisors with everything they need to build their practice and serve their wealthy clients
Experienced leaders will help $30B AUM network expand.
The firm adds a $700 million breakaway practice in North Carolina.
New program to start this week in a sign of confidence.
The Brick, New Jersey-based team includes a veteran advisor and two siblings.
Despite challenging conditions, the bank has posted a record profit.
The products, available to Merrill's clients, are designed to provide retirees with reliable income over 25 years.
