Sapient Private Wealth Management, a fee-based investment adviser in Eugene, Ore., last week joined Focus Financial Partners LLC, marking the eighth transaction completed by Focus this year
A handful of top-tier advisers and teams have changed firms in the last 30 days, according to our <a href=http://www.investmentnews.com/section/recruiting-moves&fromdate=20111019&todate=20111118&sortorder=aum%28desc%29>Advisers on the Move</a> database.
Bank of America Corp.'s David Darnell, the commercial banker put in charge of the lender's Merrill Lynch brokerage, promised employees he'll do anything including “get out of the way” to help them improve results.
As work begins on the final version of the Volcker rule, wirehouse financial advisers say that their high-net-worth clients would feel the biggest impact from any new regulations that placed investment restrictions on financial institutions
Management keen to boost productivity by thinning ranks; market share of four giants also dwindling
Bank of America Merrill Lynch brokers might want to pray a little longer and a lot harder after last week's sacking of Sallie Krawcheck, who headed BofA's wealth management division
The Headhunter wonders why Sallie Krawcheck's departure registered as an earth shattering day in the history of the retail brokerage business.
Swiss bank may also have to reduce headcount even further
Warren E. Buffett's $5 billion vote of confidence in Bank of America Corp. last Thursday notwithstanding, Merrill Lynch advisers have been forced to reassure clients over the past few weeks that their parent company is not headed for insolvency.
Frederick Schultz, Lloyd Seested, David Andreadis, Richard Haskin, Eric Teichberg, and Karen Ben-Shlaush are joining the firm's private wealth group in Washington D.C.
Retail accounts of many banks not money-spinners; Wells Fargo latest to join field
New unit named after maker of bank's trademark stage coach
Financial adviser turnover at the four wirehouses — Morgan Stanley Smith Barney LLC, Bank of America Merrill Lynch, UBS AG and Wells Fargo & Co. — dropped to near-historic lows over the past 12 months
Unit reports nearly eight-fold increase in pretax earnings; rich clients finally returning in force
Barclays Wealth continues to lure advisers focused on ultrahigh-net-worth individuals, announcing six new hires in three East Coast markets.
Bank may cut headcount at its brokerage beyond previously announced targets; underwhelming first quarter
Whether Sallie Krawcheck's (pictured) Merrill Lynch brokers and Bank of America bankers can live happily ever after — and produce greater profits as a result of their marriage — is being put to the test at the nation's largest financial institution
