Lorie Konish

Even with proposed regulation to the financial advisory industry still pending, several industry members at this week's Women Advisors Forum conference were certain about two things: the SEC should have expanded oversight and the industry will bear more costs.

Bank of America Merrill Lynch has unveiled a new set of features for its 401(k) and employee financial benefit programs including new mobile access to retirement account information.

A new regulatory filing from Bank of America Corp. shows that former President of Global Wealth and Investment Management Sallie L. Krawcheck is set to receive $6 million following her departure from the firm.

A new lawsuit filed by Citigroup Global Markets Inc. this week against a set of Saudi family investors with a $383 million claim against the firm will determine whether that case can proceed to arbitration.

Frank Roccisano has been named complex manager in Kentucky and West Virginia at Morgan Stanley Smith Barney.

The resignations of Francois Gouws and Yassine Bouhara follow CEO Oswald Gruebel’s departure less than three weeks ago.

Since March, Robert W. Baird & Co. has hired nine new professionals, including five financial advisors, to its wealth management team in San Francisco and northern California.

Barclays Wealth has continued its hiring streak of U.S.-based professionals focusing on Latin American ultra-high-net-worth clients.

Morgan Stanley Smith Barney has hired four new financial advisors from Bank of America Merrill Lynch and RBC Dain Rauscher.

UBS's revised estimate marks a reversal from a September announcement that a $2.3 billion loss incurred from an unauthorized rogue trading incident could have resulted in a loss for the third quarter.

As Bank of America Merrill Lynch moves to strengthen its overall focus on institutional clients, it has renamed its Institutional Consulting Group and hired a new advisor team working with more than $2.7 billion in client assets.

Financial advisor Cheryl Peschke has moved to Raymond James & Associates from Morgan Stanley Smith Barney after finding the firm’s values were a match for her practice.

The Financial Industry Regulatory Authority has hit Raymond James & Associates and Raymond James Financial Services Inc. with an order to pay $1.69 million in restitution to more than 15,500 customers who were charged unfair commissions.

Bank of America Merrill Lynch has hired four financial advisors from Wells Fargo Advisors and Morgan Stanley Smith Barney.

Morgan Stanley Smith Barney has hired a two-member Wells Fargo Advisors team in Red Bank, N.J.

UBS AG has no plans to sell its U.S.-based wealth management business as the firm moves to find a new permanent chief executive and cope with its $2.3 billion rogue trading loss, UBS executives said in an internal memo sent to its Wealth Management Americas employees on Monday.

When UBS Group Chief Executive Oswald Gruebel resigned this weekend, it left the Swiss bank with two dilemmas to cope with: properly handling its recent rogue trading scandal and finding a new permanent leader.

UBS AG announced that CEO Oswald Gruebel has resigned and that Sergio Ermotti will assume the top spot at the Swiss bank on an interim basis.

As Bank of America Merrill Lynch continues to streamline its business, it has created a new global wealth and retirement solutions organization, said Andy Sieg, who heads the new unit, in an internal memo to employees on Friday.

As UBS AG continues to grapple with the fallout of its rogue trading scandal, UBS Wealth Management Americas Chief Executive Robert McCann has moved to reassure the firm’s U.S.-based financial advisors that its wealth business is "stronger than ever."