Industry

The team, which already has $3.5 billion in AUA, will service bond requests of any type from Arkadios Capital’s advisors.

The firm’s broker ranks expanded to 7,813 independent and employee advisors, a new high.

The firm has streamlined its leadership structure and overhauled its marketing strategy.

Sergio Ermotti is under pressure to show investors how the bank can reap greater profits from a merger of its two wealth management businesses.

Kelly Coffey will succeed Russell Goldsmith as CEO of City National, a Los Angeles-based unit of RBC.

“This is a chance to redesign core systems, some of which go back to PaineWebber,” says Tom Naratil, president of UBS Wealth Management Americas.

A lawsuit filed by an ex-client was granted class action status after the firm failed to keep the dispute out of court.

The trading app's move to create its own clearing system signals broader goals.

About 60 advisors have joined the broker-dealer so far this year, with five advisors and two firms coming on this month.

Jim Cracchiolo aims to boost the number of clients receiving comprehensive plans through a series of tech upgrades for advisors next year.