Andrew Welsch

An advisor team has left J.P. Morgan to join regional wealth manager Janney Montgomery Scott, opening a new office in Rhode Island.

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Independent firm Snowden Lane Partners recruited another wirehouse advisor team, this time from Merrill Lynch.

A Wells Fargo advisor team that managed $200 million in assets has left to join Steward Partners, an independent firm founded a year ago by former wirehouse managers.

Morgan Stanley Wealth Management saw profits jump 17% for the 3rd quarter, despite a 1% drop in the firm's advisor workforce.

Deutsche Asset & Wealth Management lured away a managing director from J.P. Morgan.

Waddell & Reed picked up an advisor from rival Edward Jones.

Bank of America said wealth management profits were up 13% year-over-year and reported an increase in its advisor ranks. The company reported that profits for its Global Wealth & Investment Management division, or GWIM, which includes Merrill Lynch and U.S. Trust, increased to $813 million for the third quarter from $720 million a year ago. …

In tapping a discharged LPL broker, broker-dealer Wunderlich Securities could face 'reputational risk' and legal headaches, observers say.

Wells Fargo said that third quarter net income for its wealth management division rose 22% year-over-year.

A Morgan Stanley advisor duo with $213 million in AUM has left the wirehouse to join RBC Wealth Management.

Deutsche Asset & Wealth Management hired a new regional executive from J.P. Morgan.

A UBS advisor managing $108 million in assets has left the wirehouse to join rival firm Merrill Lynch.

An advisor team with $400 million in client assets has left Wells Fargo to go independent with the help of Dynasty Financial Partners.

Raymond James & Associates recruited a wirehouse advisor who generated over $1 million in revenue, managing more than $120 million in assets.

Morgan Stanley picked up five advisors managing more than $650 million in combined assets from its rivals, according to a spokesperson for the wirehouse.

Wunderlich Securities is growing, picking up Dominick & Dominick, a New York-based brokerage firm with a long history on Wall Street.

D.A. Davidson Companies announced that Jim Kerr would replace Bill Johnstone as CEO effective January 2015.

A wirehouse advisor team managing about $400 million in assets has left UBS to join Snowden Lane Partners, an independent firm.