Caving to pressure, UBS executives reinstated a popular manager after advisers talked of resigning. Mason Braswell has the story.
The number of arbitration cases brought before Finra was up 10% in the first quarter over a year ago and the proportion of cases resulting in damages being awarded was also up. At least one factor has emerged as the main culprit.
A Finra arbitration panel has ordered UBS Wealth Management Americas to pay one of its former brokers $5.4 million for representing structured products from Lehman Brothers as being suitable for clients even as Lehman began to falter.
Three advisers who produced $1.8 million joined RBC in Leawood, Kan.; one cites retirement of Danny Ludeman, former head of Wells Fargo Advisors, as contributing to move.
Cypress Group joins a growing practice with roots in financial planning for doctors, entertainment industry nonprofits. <i>Plus: <a href="http://data.investmentnews.com/aotm/" target="_blank">See who else is switching firms</a>.</i>
Shortly after taking over as head of field management at Morgan Stanley Wealth Management, Shelley O'Connor announced Tuesday that she is restructuring the firm's divisions and regions. Mason Braswell has the story.
Company will resubmit proposal after finding botched accounting on structured notes issued by Merrill Lynch.
A former adviser trainee of Wells Fargo Advisors says firm went after her for training costs after she left the firm; she has sued, claiming the firm's practice of recouping training costs is illegal and discriminatory.
Suit on behalf of 1,200 black brokers claimed discrimination in business opportunities.
Lawsuit alleged a "deep rooted and pervasive gender discrimination" existed at Bank of America and Merrill Lynch
Wall Street leaders including Lloyd Blankfein and James Gorman, who have courted business in Vladimir Putin's Russia, are facing a dilemma as tensions over Ukraine escalate.
Brokerage industry is only one in which professionals as deemed guilty until proven innocent.
Two advisers reunite after worked together at Alex. Brown before splitting.
Bank of America Merrill Lynch should be able to top 30% pretax profit margins as retirement demographics and other tail winds help boost the business. But how it will team its brokerage and banking operations is an open question.
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
Executives across the industry, from wirehouses to independent and regional firms, are enjoying fatter paychecks and bigger bonuses as advisers become a more important part of firms' balance sheets. <i>(Don't miss some rather outlandish <a href="http://www.investmentnews.com/gallery/20140324/FREE/324009999/PH" target="_blank">top executive benefits</a>.)</i>
UBS Puerto Rico closed-end muni bond fund investors are losing billions; new research pegs losses at $1.66 billion over the first nine months of 2013.
Bob Vorlop and Joe Nadreau have been tapped to fill new executive roles focused on expanding the firm's technology platform and products
Brokerage firms that pursue reimbursement of training costs from employees who leave are out of step with today's workforce
