Economy

Mary Mack is not only president of Wells Fargo Advisors, she’s a client too. In an exclusive interview with On Wall Street, Mack talks about what it’s like being a Wells Fargo client, the direction of her firm and the changing landscape for advisors.

Janney Montgomery Scott lured away a husband-wife team from Wells Fargo Advisors.

FINRA promotes Richard W. Berry to lead its arbitration unit.

Deutsche Asset & Wealth Management spells out its plans to serve wealthy clients with complex needs and demands.

Raymond James Financial's private client group contributed to record profits for the company on strong performance.

Ameriprise's executive vice president says the firm has spent a lot of resources, especially in the major markets and major cities, establishing training programs to bring new advisors into this business.

Ameriprise CEO Jim Cracchiolo credited growth in the firm's fee-based businesses and wealth management unit for the company's robust overall performance.

"This is a head-on counterattack and is definitely making the [digital] space a lot more competitive," says William Trout, a senior analyst for Celent.

Edward Jones Managing Partner James Weddle says the firm grows organically, recruiting from colleges and even the military for new advisors.

UBS Wealth Management Americas reported that profits surged 17% year-over-year

Ex-LPL advisor Jeb Bashaw's new job falls through; trial lawyer says problems stemmed from private placement sales.

An advisor team has left J.P. Morgan to join regional wealth manager Janney Montgomery Scott, opening a new office in Rhode Island.

A former BofA Merrill Lynch Team who felt wronged after being terminated has signed on with full-service brokerage firm Stifel Financial.

On Wall Street extends its deadline for its annual ranking of the top 40 advisors under age 40.

Independent firm Snowden Lane Partners recruited another wirehouse advisor team, this time from Merrill Lynch.

Former insurance company advisor's 30 victims included friends he had grown up with, according to prosecutors.

A Wells Fargo advisor team that managed $200 million in assets has left to join Steward Partners, an independent firm founded a year ago by former wirehouse managers.

Latest Morgan Stanley advisor additions around the country bring a combined $565M in AUM and over $3M in revenue.

Merrill Lynch grows its Chicago presence by hiring UBS team with $500M in AUM and nearly $5M in revenue.

Expanding its advisor ranks, small broker-dealer Jefferies announced the hire of a rio of Barclays veterans that bring a focus on REITs and MLPs.