Industry

Andy Sieg, head of Merrill Lynch Wealth Management, will join the management team of the company, reporting directly to CEO Brian Moynihan.

The duo previously spent a decade and a half with Oppenheimer.

The rarely dinged firm joined peers grappling with two issues: mutual fund fees and supervision of advisors who've been sanctioned multiple times.

The regulator bills the move as the latest effort to bring transparency to the challenge of unpaid awards.

As advice becomes democratized, investors will define what the industry should prioritize, argues the head of the hybrid digital advice firm.

Firms take notice: older generations are adopting new technology at a quickening pace.

The regional firm launched its seventh new office this year.

The firm will test markets in a few cities next year in a bid to keep pace with a shifting wealth management landscape.

The representative had already been permitted to resign and suspended by state regulators, but the firm lost its case for additional damages.

The broker-dealer has also appointed a new northeastern regional director for its independent contractor division.