Economy

Two advisors left Barclays to join regional bank First Republic.

The seven-member group left Morgan Stanley to join Wells Fargo.

Raymond James lured away a Morgan Stanley advisor managing more than $85 million in client assets.

Client assets top $2 trillion, although representative head count is down 2.3% on the year.

Jones' football prospects are certainly bright. But what about his hoped-for career as a financial advisor?

Two advisors left Wells Fargo to join Stifel.

Net income for Bank of America's wealth management division slid to $706 million for the fourth quarter from $778 million for the year ago period.

An advisor managing more than $188 million in client assets joined Raymond James & Associates.

Net income for the unit hit $514 million for the fourth quarter, helping boost overall earnings, the firm reported.

'Financial advisors' insights are critical in helping the family offices evaluate and execute their next steps,' says Julia Cloud, national managing partner, private wealth, for Deloitte.

Raymond James lured away a UBS advisor managing more than $120 million in assets.

Anastasios "Tommy" Belesis, the former head of John Thomas Financial, was barred from the brokerage industry for life by FINRA for trading ahead of clients' orders.

An Edward Jones advisor managing more than $114 million in client assets joined the Raymond James independent channel.

Two advisors left RBC to join Raymond James' employee channel.

Advisors in the Midwest and on the West Coast noticed information from their accounts on Pastebin, a website notoriously used for posting hacked or leaked information.

Stifel Nicolaus lured away a 36-year veteran advisor from RBC.

U.S. Capital Advisors recruited a veteran Wells Fargo advisor who previously managed $550 million in assets as part of a three-person team.

The breach illustrates the danger posed when just one employee has unauthorized or unsecured access to sensitive information, as well as the ongoing threat to financial institutions from insider theft.

An advisor managing $215 million in assets left Merrill Lynch to join the regional firm.

A former BNY Mellon advisor that managed $850 million in client assets has formed an RIA affiliated with Raymond James' independent RIA channel.