Economy

Since its last major recruiting announcement in November, the firm has extended the reach of its boutique operation with a new office in Beverly Hills, Calif., and a number of new hires in key metropolitan areas nationally.

Merrill Lynch financial advisor Gregory Cash, number 10 on the Top 40 Under 40 list, says that constantly striving for better results is the key to advancing an advisor’s practice.

Bank of America Corp. shifted bonuses at U.S. Trust to focus employees on adding clients and boosting account balances, a change that could mean lower pay for some members of the wealth-management unit.

Jim O'Neill, chairman of Goldman Sachs Asset Management, will retire later this year. 

The firm continues to move past some of the drags on its revenue including a cease and desist order at the banking subsidiary and some challenging economic and recruiting conditions

The company announces modest revenue growth and a move to start outsourcing "non-advisor-facing" jobs.

The firm is revving up its recruiting efforts as it eyes a growing market.

Merrill Lynch advisor Eric Snyder, who lands at number 11 on the Top 40 list, says he practices with a team that can candle all of clients’ rigorous needs.

UBS Wealth Management Americas turned out a record fourth quarter, serving as a bright spot in an otherwise tough quarter for the Swiss bank.

Bank of America Corp.’s Lisa Shalett, who was chief investment officer for the firm’s Merrill Lynch brokerage for two and a half years, will leave the company.

Merrill Lynch financial advisor Charles Balducci says that partnering with Eric Snyder, who ties with him to take the number 12 and 11 slots on the Top 40 Under 40 list, is a critical part of his success.

Goldman Sachs Group Inc. President Gary Cohn said that Europe still faces “fundamental problems” and that policy makers don’t appear to have a plan for generating economic growth in the region’s southern nations.

UBS AG posted a second straight quarterly loss after booking a fine for trying to rig global interest rates and costs tied to job cuts.

The firm has picked up a 26-year industry veteran to help grow its practice in Florida.

Luke Palacio will join Citi Private Bank as managing director and regional market manager for the South East region on March 18. He will look to expand the firm’s presence throughout South Florida beyond Miami, Boca Raton and Palm Beach.

For Wells Fargo Advisors Financial Network, offering financial advisors more choice in terms of how they want to practice helped propel the business to a record year in recruiting in 2012.

The Naples office of The Private Client Reserve is expanding its services, adding new advisors and relocating to a larger office space in the upscale neighborhood of Mercato.

UBS financial advisor Gregory Klenke, number 13 on the Top 40 Under 40 list, says that working with corporate executives’ stock compensation requires careful planning and managing emotions.

Stifel Financial Corp. Chief Executive Officer Ron Kruszewski paused in mid-sentence and asked an employee for the list, a chart showing in red which of the St. Louis-based firm’s rivals have closed or sold out...

Merrill Lynch financial advisor Goran Bojovski, number 14 on the Top 40 Under 40 list, says that focusing on corporate retirement plans helps him serve a range of clients.