Lorie Konish

As Morgan Stanley Smith Barney reportedly faces changes ahead for its brokerage unit, including slashing support staff jobs, combining offices and raising production requirements, all eyes turn to how any decisions may affect its advisor force.

Proving that advisory competition is still strong, Merrill Lynch has hired a Morgan Stanley Smith Barney advisor duo with $377.8 million in client assets, and lost two other teams to other wirehouse firms.

Morgan Stanley Smith Barney has shuffled two of its top executives as it aims to bolster ties its Consulting Group business has with the firm's wealth advisory services and the clients its advisory force serves.

Merrill Lynch Wealth Advisor Ted Murphy does not usually tell his clients that he is an Olympic silver medalist, but says that his rowing career has prepared him for the discipline that he applies to his career today.

An arbitration panel has struck down an investor's $1 million plus claim against Morgan Keegan's troubled bond funds, citing the standard industry warning "Past performance is not guarantee of future results."

Citi Private Bank has hired Deutsche Bank executive Steven Young as a managing director and ultra-high-net-worth private banker in New York.

Merrill Lynch Wealth Management has snapped up a financial advisor duo with $789.5 million in client assets under management months after they joined Barclays Wealth Management.

UBS Wealth Management Americas reported $211 million in pre-tax profit for the second quarter on Tuesday, up 28% from the same quarter last year, as the division continued to grow its financial advisor headcount.

Morgan Stanley Smith Barney has scaled back its number of total regions to 12 from 16.

Women’s confidence that they can successfully retire has taken a hit in the past two years, but working with a financial advisor tends to boost female investors’ outlook on their future, according to a new Prudential Financial study.

A California Superior Court has denied an investor’s appeal of a March arbitration decision, including claims that one witness was unreasonably excluded and another witness was intimidated against testifying.

As many wealth management firms grapple with the challenge of how to replenish an aging financial advisor population, Bank of America Merrill Lynch is increasingly turning to its own solution: grow your own.

A federal appeals court struck down Goldman Sachs’ appeal of a $20.6 million arbitration award decision on Tuesday, holding up the original 2010 decision in favor of creditors of the Bayou Group.

Large arbitration cases of $10 million or more can now create new processes to fit a case and go around certain established rules under a new pilot program launched today by the Financial Industry Regulatory Authority, or FINRA.

The Supreme Court’s decision to uphold the health care overhaul could have a broad impact on wealthy investors’ wallets with a new 3.8% increase on investment income.

Morgan Stanley Smith Barney is rolling out LinkedIn and Twitter to its full 17,000-member financial advisor force with the aim of helping to make time spent in front of the computer more effective than cold calling client prospects.

With the promotion, Mary Mack will step from her current role as executive vice president and head of wealth brokerage services at the firm.

Investors need to look beyond their investment statements to see an impending “triple threat” that may impact their portfolios, according to a new report from Merrill Lynch Wealth Management and Eurasia Group.

Social media platforms Facebook, LinkedIn and Twitter allow advisors to build new relationships and market their firms, but success varies from platform to platform.

Social media record keeping may become a larger challenge for firms as they keep pace with regulatory rules, Bank of America Merrill Lynch executive Douglas G. Preston said Wednesday at the Securities Industry and Financial Markets Association’s Social Media Seminar in New York.