Tracking the more than $26 billion in AUM that changed firms late in 2015.
Financial Services Institute supports legislation to replace Labor Department's rule, and is not ruling out a lawsuit if it is finalized.
Cuts amounting to 25% of fixed-income trading staff plus reductions in infrastructure and support roles, result in $150M charge.
Advisers should take a deliberate approach to charting their future. Here's what to look for.
Galen Marsh, who allegedly called the stolen data “the world's best cold-calling list,” had some of the data stolen from him and posted on the Internet.
Wealth Management President Gregory Fleming says a digital platform could attract younger clients to the firm.
As part of her claim, ex-broker alleges the wirehouse's recent move toward mandatory arbitration is an attempt to prohibit employees from publicly challenging unfair practices.
Massachusetts regulator looking at whether financial institutions violated any laws.
Merrill Lynch has dozens of employees working on a robo-adviser prototype for Merrill Edge that's set to be unveiled next year.
The wirehouse has become more aggressive and has attracted some big teams, though critics say such deals aren't a good measure.
Five advisers in New York bail on Merrill Lynch, the second multibillion-dollar wirehouse team to join RJ in the last five months.
Wells Fargo's wealth- and investment-management business has the potential to earn multiples of what it brings in now, making it the firm's largest growth opportunity, chief executive John Stumpf said.
Wells executive says 'feeding frenzy' taking place over some high-end producers.
Exec will become chairman of UBS Americas, focusing on clients and strategic priorities. Tom Naratil, the group CFO and COO, will become president of UBS Wealth Management Americas and UBS Americas.
The third billion-dollar-plus team to leave Morgan this summer is the latest in a series of big swaps.
Firms need to think differently as the arms race in upfront money continues unabated.
Wells finds exclusive recruiting agreement not enough to close the deal with all of the Swiss firm's brokers.
Houston-based brokers, who specialize in ultra-high-net-worth clients, include vets from Credit Suisse.
One three-man team had $270M in assets, while a fourth individual joining separately had $155M.
