Industry

The plan comes as part of CEO Ermotti's goal of narrowing the distance between his firm and its U.S. wealth management rivals.

Arbitration panels and courts have already shown openness to arguments that deferred compensation is protected under federal retirement law.

Sixteen advisors argue the megabank owes them more than $270 million over false promises they were made when being recruited.

Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.

An M&A deal brings a fourth office location to the ambitious firm launched in 2019 by Jason Ray and Chelsea Ransom-Cooper.

Combining the two partner firms will create an RIA with more than $50B under management.

The private equity-backed advisory aggregator plans to use a consolidation process in "coming months" to bring its various brokerages under one brand.

Industry experts who track comings and goings at large firms say the advisor staff figures often obscure more than they reveal.

Citizens has been on a recruiting and acquisition tear in recent years. Tom Metzger, the recently appointed head of the bank's private wealth unit, says it's just the beginning.

Nearly one out of three advisors at independent broker-dealers has thought about going solo in the past year, a new survey finds.