Lorie Konish

Financial reform will lead to a new emphasis on credentials in the financial services industry, which puts the Investment Management Consultants Association in a good position, says IMCA Executive Director and Chief Executive Sean Walters.

Raymond James’s Financial Board of Directors has named Morgan Keegan Chief Executive John Carson to the role of president, the firm announced on Friday.

New regulatory rules could lift or weigh down the wealth management industry as it works to mend its relationship with consumers following the financial crisis, according to executives speaking at the SIFMA Private Client Conference.

Wealth management firms need to be more nimble in meeting the demands of clients in order to best capture a surge in available assets over the course of this decade, Merrill Lynch Wealth Management executive John Thiel told attendees at the SIFMA Private Client Conference in Boston.

Raymond James & Associates has revamped the leadership and divisional organization of its Private Client Group, giving executives of Morgan Keegan and several Raymond James employees new leadership roles.

Morgan Stanley Smith Barney has snagged three financial advisor teams working with more than $1.36 billion in client assets from rivals, UBS Financial Services and Deutsche Bank Securities.

An arbitration panel has ordered Stifel Nicholas & Co. to pay $70,000 out of a more than $7 million claim brought against the firm by Wachovia Securities for allegedly unfairly raiding one of its Oklahoma offices.

Barclays has snapped up two financial advisors from Morgan Stanley Private Wealth Management as it continues to expand its Los Angeles-area reach.

Raymond James has closed its acquisition of the Morgan Keegan brokerage unit from Regions Financial in a transaction totaling about $1.2 billion in cash.

Registered investment advisory firm Concert Wealth Management has hired another Merrill Lynch financial advisor as part of its expansion push this year.

Wilmington Trust has opened its first Washington, D.C., office targeting high-net-worth clients with $3 million or more in net worth.

A former Bank of America Merrill Lynch financial advisor and a 'business associate' were hit with a federal criminal complaint that they fraudulently wired $2.2 million from an account of the Indianapolis Colts' defensive end.

When it comes to selecting investment managers for funds, timing and investment process is everything, according to a new report from Barclays Wealth.

Financial services firm HighTower Advisors has added one more Merrill Lynch advisor with $200 million in client assets under management to a Washington, D.C.-based team it recruited from that firm last summer.

Benjamin F. Edwards & Co. has tapped Wells Fargo to hire a three-member advisory team to staff its new Ohio office, and also added a new financial consultant in Illinois.

Morgan Stanley Smith Barney has nabbed a UBS financial advisor team in Mount Laurel, N.J., with $800 million in client assets under management.

Bank of America Merrill Lynch is launching new defined contribution investment consulting services and financial advisor accreditation aimed at helping its corporate retirement plan sponsor clients manage fiduciary risk

Morgan Stanley Smith Barney has snapped up two financial advisors from Credit Suisse and Merrill Lynch who previously had $575 million in client assets under management.

Just two months after its $930 million acquisition of Morgan Keegan, Raymond James said that 98% of the roughly 600 Morgan Keegan financial advisors who received retention incentive offers have agreed to stay with the firm.

Citi Private Bank has hired Robert “Todd” Martin from Wells Fargo to serve as managing director and ultra high net worth private banker in Houston.