JPMorgan Chase

The number of financial advisors at America's biggest bank dropped slightly from last quarter but was still up from last year.

The mega bank says more than half of its roughly 300,000 are already back in the office every day of the work week.

Edward Turley, a once high-flying advisor booted from the industry in 2022, is at the center of a dozen client settlements costing JPMorgan upward of $63 million.

Even though Citizens lost its bid to acquire First Republic in 2023, it has recruited frequently from the now-defunct regional bank.

Avoiding fund distributions or using offsetting losses in any month can deliver big savings on payments to Uncle Sam at the end of the year, experts say.

Zach and Barry Berg left the megabank for a newly rebranded advisory practice at the growing firm that now has 250 financial advisors and $38 billion in client assets.

Regulators accused the firm of misleading customers about fees and of not being upfront about conflicts of interest with its recommendations of mutual funds, private equity and other investments.

Before the injunction, Gary Carruthers is believed to have poached $24.3 million in client assets in breach of a nonsolicitation agreement.

JPMorgan reported a gain in net interest income for the third quarter, surprising many analysts.

The case is one of the latest to question if firms can be held liable for costly investment decisions made by clients showing signs of mental decline.