Wall Street giants step up automation bets as advisors weigh how AI-fueled back offices will reshape service, staffing, and client expectations.
Meanwhile, Osaic has added another former LPL practice on the East Coast, and Carson helps a veteran advisor from Osaic make a succession-focused transition.
Denver-based U.S. Army veteran Scott Martin and Boston-based Brad Havenga have joined RBC Global Asset Management's expanded U.S. intermediary sales team.
The group’s expectation-beating results have not distracted investors from significant US wealth business decline, driven by advisor attrition.
Also, Osaic expands in New York as a seasoned advisor joins one of its affiliates, and Wells Fargo hails a $1.3 billion recruitment haul within its FiNet advisor channel.
Q1 2026 investor pulse shows steady optimism, rising portfolio inertia and sector shifts.
UBS has been working on the plan for months, but one industry executive admits he is 'still dubious about crypto and its true value.'
Board boosts JPMorgan chief’s compensation, testing investor tolerance for blockbuster pay as growth slows and political scrutiny of Wall Street intensifies.
The lawsuit, which also names CEO Jamie Dimon, claims the bank abruptly and unjustly closed long-standing Trump accounts after Jan. 6.
Seven-person advisory group brings more than a century of combined experience and a holistic planning focus.
Also, a veteran from Edelman has decamped to Baird, while UBS scoops an experienced Morgan Stanley advisor in the Pacific Northwest.
Meanwhile, large banks reduced the number of employees in 2025.
Also, Wells Fargo's recruitment rolls on with a billion-dollar-plus group from Commonwealth while LPL adds an Ameriprise team in Houston.
Roughly one-third, 32%, of financial advisors invested in crypto for client accounts in 2025, up from 22% in 2024, according to a new survey.
Memo to 200,000 staff ties tougher performance expectations and job cuts to the banking's push into automation and artificial intelligence.
Nominate your team to highlight your expertise and client impact.
World hires former Osaic exec as new CFO to steer growth; JPMorgan recruits investment strategist from Bloomberg.
Meanwhile, Wells Fargo snags another rival wirehouse team in Atlanta, while another longtime LPL advisor joins other seceders to Cetera.
Also, LPL has scooped a second-generation high-net-worth practice from Osaic, while Ameriprise welcomes a father-son team from Edward Jones to its financial institutions group.
AI tools are highly complex and may be flawed, hallucinate and reflect biases, according to Merrill.
