Lorie Konish

Financial advisors Charles C. Stoner and Eileen Stoner are among the new team members joining UBS in Charlotte, N.C.

A new annual study from J.D. Power and Associates shows that RBC Wealth Management ranks first compared to other firms in investor satisfaction.

A FINRA arbitration panel has ordered Bank of America Merrill Lynch to pay Angel E. Aquino $1.55 million in compensatory damages and expunge language in his Form U5.

Christopher Adams returns to Citi in a new position as managing director of investment finance in the firm’s New York office.

Former Philadelphia 76ers President Pat Croce and his wife Diane have scored more than $2 million in an arbitration award tied to principal protected notes originally issued by Lehman Brothers Holdings Inc.

The new hires come as Morgan Stanley Smith Barney continues to trim low-producing financial advisors from its force.

A FINRA arbitration panel has ordered two former Morgan Stanley Smith Barney brokers to pay the firm $4.28 million plus interest for breach of promissory notes and other agreements.

Robert W. Baird & Co. has continued its San Francisco expansion by hiring financial advisors Jonathan Fitzgibbons and Joyce Linker from ThinkEquity LLC.

Bank of America Merrill Lynch has hired UBS financial Advisor Christopher Bollenbach to its Century City, Calif. office.

UBS Wealth Management Americas has hired financial advisor David Mattia from Convergent Wealth Advisors to serve in its Rochester, N.Y. office.

Former Morgan Stanley Smith Barney Complex Manager and Senior Vice President Frank LaRosa’s public records have been updated with details of an investigation into alleged spending violations following his sudden discharge from the firm in May.

Morgan Stanley Smith Barney plans to continue scaling down its financial advisor force after cutting about 300 positions in the first quarter.

Bank of America Merrill Lynch has hired Morgan Stanley Smith Barney financial advisors Matt Burton and John Cate to its Carmel, Ind. office.

Financial advisors Tom Ulrich and Nick Bryant join UBS’ Akron, Ohio office as UBS expands its Ohio financial advisor force.

Stephen J. Dimodica, regional director for the greater Philadelphia region, is leaving Morgan Stanley Smith Barney. The Philadelphia region’s complexes have been divided among three existing regions.

An annual global wealth report from Boston Consulting Group finds that millionaire households hold 39% of the world's total net worth but account for only 0.9% of all households.

As the global wealth industry’s recovery from the financial crisis continues, wealth managers need to better match clients to pricing models for future growth, a Boston Consulting Group report said.

The Blanke Schein Group joins HighTower in Palm Desert, Calif. from Morgan Stanley Smith Barney.

FINRA has ordered Credit Suisse and Merrill Lynch to pay up after providing faulty data and supervision of residential subprime mortgage securitizations.

The Financial Industry Regulatory Authority issued an alert to investors on Thursday urging them to carefully look into the potential risks of non-recourse stock-based loan programs before participating in them.