Revives proposal that would require brokerages to link to regulator's database, including disciplinary background info.
The banking giant is hiring almost twice its current contingent of 1,700 to serve clients with less than $250,000 in investible assets.
A look inside the 100-year-old firm's efforts to drastically change its client-adviser relationships, led by John Thiel, the head of Merrill Lynch Wealth Management.
Win Smith Jr. says Wall Street has a long way to go before it can restore the public trust.
Switching firms 10 years before you expect to leave the industry can provide an extra windfall – if done correctly
Wirehouse firms are revamping their succession programs with higher payouts and lower barriers to entry for advisers who are preparing to retire. The efforts are aimed at competing with independent firms that hold a reputation for the highest payouts.
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.
