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A Raymond James advisor has left the firm to join U.S. Capital Advisors, a small regional wealth management firm experiencing rapid growth.
HighTower recruited a Merrill Lynch advisor team managing $800 million in assets.
As a FINRA task force is scheduled to review the regulator's arbitration process, critics are charging that firms are using U5 termination forms to sully advisor reputations.
Stifel Nicolaus picked up a Baird advisor managing over $170 million in assets.
Wells Fargo Advisors picked up an advisor team with $300 million in client assets from Morgan Stanley.
To meet rising client demand for digital services, Wells Fargo appointed Devon McConnell as its new head of Wells Fargo Advisors Digital to oversee development of the firm's mobile and online client platforms.
In an exclusive interview, Tash Elwyn, president of Raymond James & Associates, explains why the firm is enjoying recruiting success and where its future growth will come from.
After working in a nuclear power station, David Fisher decided it was time for a change. His new calling? Financial advisor.
The SEC charged an ex-UBS broker with defrauding elderly clients of $730,000, which she allegedly used for vacations, a country club membership, vehicles and clothes.
Focus Financial Partners named Dan Sontag, a former president of Merrill Lynch's global wealth management unit, to its board of directors.
Merrill Lynch has transitioned more than $100 billion onto its new platform, Merrill Lynch One, which executives say is the biggest technology upgrade in decades.
UBS Wealth Management Americas reported record revenues of $1.89 billion, but profits slipped 3% year-over-year, due in part to higher compensation expenses.
Merrill Lynch's expanding financial boot camp deepens relationships by helping wealthy clients ensure that the family fortune lasts beyond this generation and the next.
Raymond James is launching a new education campaign to arm the firm's advisors with tools and techniques based on research from MIT's AgeLab.
As the firm pursues growth, Raymond James executives are striving to maintain its intimate feel and regional firm culture.
Record quarterly profits of $122.7 million were boosted in part by the performance of the regional firm's private client group.
Optimism abounds in an increasingly crowded market for servicing breakaway advisors.
Morgan Stanley Wealth Management's profits climbed 11% in the second quarter, rising to $471 million from $426 million a year ago. Client assets topped $2 trillion for the first time.
Despite record revenues from wealth management, Bank of America reported that profits slid 43% due to $4 billion in litigation expenses.
Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states.