Economy

The firm has added a team with $650 million in assets to build a presence in the City of Brotherly Love.

By focusing on the big picture, Merrill Lynch advisor Chad Pigg, number three on Top 40 Under 40 list, has found a niche advising top corporate and institutional accounts.

The firm has picked up another wirehouse team with nearly a million dollars in production.

The firm scooped up a long-time advisor with $180 million in AUM.

Raymond James Financial plans to drop Morgan Keegan from the name of its fixed income arm later this month.

The story of how Bradley Cull got his start in the financial services industry sounds like the plot from an F. Scott Fitzgerald story, except with a happy ending.

Merrill Lynch has added four financial advisors overseeing $996 million in client assets from rival firms including Piper Jaffray, Morgan Stanley and Wells Fargo.

The list has been narrowed down to 100 finalists for the Top 10 Branch Managers of the Year. Check out who made the list and stay tuned for the announcement of the final 10 in May.

Peter Princi of Morgan Stanley relates his career as an advisor with the time he spent with the New York Mets.

BlackRock Inc. hired Gary Shedlin as chief financial officer to replace Ann Marie Petach, who will move to a client-oriented role within the firm.

“The combination of this being who I am and what I do and having absolutely no other interests makes me think this is what I’ll be doing for a while,” Blankfein said.

Affinity says the relationship should help it grow and increase productivity

UBS financial advisor Gregory Hersch, number seven on this year’s Top 40 Under 40 list, says that advisors who aspire to do better should become better listeners.

The Seventh Circuit Court of Appeals has affirmed the dismissal of a class action that sought damages by class members as a result of the 2008 UBS tax evasion scandal.

Two former Wells Fargo advisors have joined Baird to help open a new office Merritt Island, Fla.

The firm added six advisors and opened a new office in Melbourne, Fla.

As an increasing number of fee-based advisors leave wirehouses to go independent, some custodians are experiencing some of the strongest growth in the financial industry. Here are the top 15 custodians as ranked by RIA assets.

The boutique wealth management firm has nabbed three advisors with over $400 million in client AUM.

UBS financial advisor Daniel Rothenberg, number 9 on the Top 40 Under 40 List, says he advises aspiring advisors to build a team and the best story they can tell to clients.

LionTree Advisors LLC, a boutique firm started seven months ago by analyst-turned-banker Aryeh Bourkoff, 40, and Ehren Stenzler, 37, is riding a wave of media deals to land among the top financial advisers so far this year.