Updated Tuesday, July 22, 2014 as of 9:27 AM ET
No End to Breakaway Frenzy?
Another breakaway wirehouse team, another consulting firm smoothing the way.
Last week saw the launch of Encompass Wealth Advisors, a former Morgan Stanley team that managed $650 million. The group made the transition with the help of consulting firm tru Independence, which also used the occasion to announce its own entry into the market for servicing wirehouse advisors going independent.   more »
More in Wirehouses
Two financial advisors have left Wells Fargo to join Raymond James Financial Services, the regional's independent broker/dealer. more »
The panel is comprised of seven public members and six industry representatives, pulling together advocates, attorneys, regulators and executives from firms such as Citigroup, Morgan Stanley and Securities America. more »
Assets under management at UBS rose to $1.97 trillion, cementing its No. 1 spot in the ranking by Scorpio Partnership, a London-based consultancy. more »
Founders of IHT Management hope to create a wirehouse-like alternative to lure other advisors. more »
J.P. Morgan enticed advisors from competitors, including Morgan Stanley, Merrill Lynch and Wells Fargo, in a half dozen markets to fuel its nationwide expansion of wealth management. more »
Despite record revenues from wealth management, Bank of America reported that profits slid 43% due to $4 billion in litigation expenses. more »
A Morgan Stanley team that managed over $650 million has gone independent using a new consultant. more »
Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states. more »
A Morgan Stanley advisor with $200 million in assets under management has rejoined Merrill Lynch. more »
Morgan Stanley has picked up five financial advisors from Merrill Lynch, Wells Fargo and J.P. Morgan. more »
Wells Fargo's second quarter profits rose to $5.7 billion, buoyed in part by a roughly 25% increase in profits at the San Francisco bank's wealth, brokerage and retirement unit. more »
Raymond James & Associates lured away a UBS advisor team managing $575 million in assets. more »
Morgan Stanley has lost a team that generated $3 million in annual revenue to Steward Partners Global Advisory, boosting the eight-month old independent firm's total recruited assets to more than $1 billion. more »
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