After five years of bringing up the rear among the six largest banks, Moynihan and his team are arguing it's set to catch up.
Plus, the Commonwealth advisor diaspora continues with more conversions to Cetera, Osaic, and Raymond James.
Total client assets in the wealth division rise 11%, with wrap account assets and advisor revenue also setting records.
The wealth management industry right now is focused on the future of Stifel and its 2,000 highly desirable financial advisors.
The Wall Street giant’s newest deal, the first under CEO Ted Pick, signals a push to connect clients with private company shares and deepen relationships with high-growth firms.
Meanwhile, a Minnesota-based team parts ways with Commonwealth after 31 years, and Wells Fargo snags a three-advisor team managing more than $722 million from Merrill.
Hayes claims the Swiss banking giant made him a "handpicked scapegoat" to shield executives during the notorious multibillion-dollar Libor scandal.
Meanwhile, LPL lured a 37-year industry veteran from Raymond James in Alabama, and Bank of America hauled new hires from Wells Fargo, UBS, and Edward Jones.
Avan's daughter, Nyah, called her mother a woman of poise, wisdom and grace, according to a report.
Raymond James and Osaic have also recruited more Commonwealth defectors in Illinois, Pennsylvania, Colorado, and Florida.
The wirehouse's updated compensation plan for its private client group comes after it beat analysts' Q3 earnings expectations and regulators lifted a seven-year cap on its growth.
LPL's W-2 channel, Linsco, also added a $330 million team from Janney, while Ameriprise's independent unit lassoed advisors from LPL and Wells Fargo.
Wealth management units post standout results, powered by rising client balances and increased trading.
JPMorgan and Goldman's investment banking units helped drive earnings beats, while Citi hit revenue records across all divisions.
With a $10 billion direct investment commitment, it aims to strengthen US economic resilience by supporting companies in sectors from AI to pharmaceuticals and energy infrastructure.
The Wall Street giant's updated requirement gives its advisors more leeway to pitch crypto funds, which are primed for a big bang following recent changes at the SEC.
RBC, Ameriprise, and Wells Fargo also announced new additions from Northwest Financial Advisors, LPL, and other rivals.
Isaiah Williams, 33, was arrested in Florida in June for his alleged involvement in the theft of almost $2.6 million from Reshad Jones, a former Miami Dolphins safety.
The decentralized supervision infrastructure used by wirehouses is 'like a failed state,' says attorney.
How to have constructive talks regarding wealth, values, legacy.
