Economy

A FINRA arbitration panel ordered an ex-Merrill Lynch advisor to pay his former employer more than $400,000 in damages.

FINRA hands out 18-month suspension, $10,000 fine and $233,000 in 'disgorgement' for selling away and nondisclosure issues, documents say.

The wirehouse said it scooped up two advisors from rivals Raymond James and J.P. Morgan.

Two advisors have left J.P. Morgan Private Bank to join Barclays' wealth management division in Palm Beach, Fla.

Point72 Asset Management said it took a 5.1% passive stake in RCS in a Nov. 14 regulatory filing.

Raymond James & Associates lured away one advisor who generated $2 million in production.

Advisors need to face a hard truth: Independent RIAs have lost this round. Fortunately, there are other, better ways to set yourself apart.

The wirehouse is set to increase deferred comp for its advisors in 2015.

RBC Wealth Management-U.S. grabbed a trio of financial advisors generating $1.8 million in annual revenue from Oppenheimer & Co.

Nicholas Schorsch's expanded financial advisory business reported adjusted net third-quarter income of $35.5 million on Thursday, but revenue was driven by higher retail and investment management results.

A group of ultrawealthy Citigroup clients clamoring for big returns on U.S. real estate have entered into funding commitments for a new commercial and multifamily development on Sunset Boulevard in West Hollywood, Calif. It is one of several co-investment projects the firm is offering through its private bank.

Janet Robinson is the first woman to join the 8-member board of the independent firm founded by wirehouse managers and affiliated with Raymond James Financial Services.

Worries about a tidal wave of retiring advisors may be overblown, say some wealth management executives.

The St. Louis-based firm said that Reed, Gates, Strait Wealth Management Group has joined the company with an office in Lexington, Ky.

RBC enticed away a Merrill Lynch team managing $103 million in assets.

Frank Campanale, CEO of Lebenthal Wealth Advisors and a former executive at Smith Barney, spells out the key elements in firm's growth plans and recruiting strategy: brand, equity stakes and passion.

Worldwide, the number of people with $30 million or more to invest -- the kind of folks who would hire a family office -- rose 15.6% to 128,300 in 2013. See which firms manage the most assets.

Washington Wealth Management lured away an advisor managing $100 million in assets and who had been at the wirehouse for three decades.

RCS executive says it “will take some time” to restore normalcy to his embattled firms.

LPL says it has indefinitely suspended sales of investment products sponsored by American Realty Capital and RCS Capital.