Economy

As real estate recovers, non-listed REITs are soaring, but they haven’t been much of a hit with customers of Merrill Lynch.

Morgan Stanley has bolstered its New York office with a top billing advisor from J.P. Morgan Securities, the boutique brokerage branch of JPMorgan Chase.

UBS will pay $4.58 million to settle an investigation by regulators into whether its sales assistants were licensed in states where they did business.

A three hour pause in trading is “not going to be that big of a deal” for investors, Stifel’s chairman and CEO Ron Kruszewski says.

For traditional Super OSJs to survive and prosper over the long term, they must begin to provide a more dynamic set of services to independent advisors – who increasingly are facing greater practice management, asset management and technology complexities.

Small business owners are feeling more confident even as the economy struggles to return to a more robust level of growth.

Responding to increased client demand, the firm has launched new efforts to enhance its socially responsible investment options.

Bank of America will retain the Merrill Lynch Wealth Management brand and operations even if it dissolves the parent company, Merrill Lynch & Co.

Bank of America, the second-biggest U.S. lender, plans to merge its Merrill Lynch subsidiary into the parent company to reduce complexity and costs.

UBS has tapped Jonathan Brooks to be a sales director responsible for bringing in corporate clients.

Raymond James has created a new position that will oversee practice management development and education for the private client group.

Raymond James is ramping up its pitch to attract independent advisors by opening up access to alternative investments.

Clients often dream of retiring overseas for a change of scenery and lifestyle. Here’s what a handful of advisors have to say about some of the most popular overseas retirement destinations among their clients.

Wells Fargo has expanded its Denver, Colo., operations adding an advisor with $150 million in assets under management.

The 15th largest independent broker-dealer in the country, National Planning Holdings, continues to grow in size.

UBS Wealth Management Americas has added a former Morgan Stanley advisor with $600 million in assets.

A former Deutsche Bank Securities advisor with over $2 million in production has jumped to Morgan Stanley.

Despite the slow economic recovery, many wealthy business owners are increasingly confident about their finances.

Baird has brought on four advisors with $330 million in assets.

Wedbush has expanded its Southern California presence with a 40-year industry veteran.