Organization Root Tag

The Houston-based institution will look to Raymond James to expand its investment offerings to clients throughout Texas and Oklahoma.

The firm previously told some customers they would be transferred from their advisers to a self-managed system, but then backtracked and said it's holding off on the changes.

The regulator now has punished just one known person associated with the bank's admitted nationwide fiduciary violation: the RIA who flagged abuses.

The moves are intended to boost the firm's capital markets abilities in a changing interest rate environment.

The digital advice firm said lowering minimums to $25,000 was a temporary move.

The elite brokerage unit picked up three veteran advisers, On Wall Street reports exclusively.

The rep was suspended for 15 months and fined $15,000 for engaging in the purported scheme and accepting a $50,000 cash gift from a customer, FINRA claimed.

Which firms showed “meaningful progress” in improving client experience? And which one slipped?

Wealth management executives command large enterprises at many financial institutions and are getting paid handsomely for it.

A team joined the wirehouse from Wells Fargo Private Bank.

The new move amounts to an estimate of $7 million cumulative savings. Plus; other launches.

CEO Jon Stein bemoaned the rule's 60-day delay and mulled what would happen if it was repealed entirely.

The boutique wealth management firm picked up three industry veterans from two smaller rivals.

The family claims that the holdings in their trusts were overly concentrated in the shares of the once prominent publicly listed company that that went bankrupt in 2015.

HighTower and Dynasty added big platform clients as wirehouse brokers continued to flee.

The board also canceled about $47 million of ex-community bank head Carrie Tolstedt’s stock options.

The wirehouse aims to grow its adviser ranks in a potential bid to surpass its larger rival Morgan Stanley, according to Andy Sieg, head of Merrill Lynch.

The executive, who oversees the investment bank and retail brokerage units, was paid $15.3 million in 2015.

There are private moments in any office — including personal conversations, gripes about bosses and political discourse — that simply do not need to be recorded.

Payment of back wages is ordered as well as reinstatement. A second reinstatement may also be in the works, Financial Planning has learned.