Economy

The firm has added a team with over $500 million in production to its southern California offices.

Despite the volatility of the last few years and the continued economic malaise in much of the developed world, global stocks are still attractive, according to executives at Morgan Stanley.

Bank of America Corp. salespeople assigned to the world’s biggest stock portfolio managers were given new orders by their boss in September: attend at least 30 meetings a month with clients, or else.

Wells Fargo Advisors has promoted David Kowach to serve as president of the firm’s Private Client Group.

Many talented individuals are getting hired on Wall Street. But while it is great to hear that others are doing well, the first thing every job seeker wants to know is this: "How can I be one of them?"

Bank of America Corp.’s commercial customers are already reacting to the “fiscal cliff” looming over the U.S. budget by putting off purchases, Chief Executive Officer Brian T. Moynihan said.

Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein, grappling with a market slump that is putting trading earnings under pressure, said “sometimes cycles can last a very long time.”

Goldman Sachs Group Inc. plans to exit the South Korean asset management business amid sluggish global stock markets, according to three people with knowledge of the situation.

Level Four Group, a Plano, Texas, based advisory firm with close to $1 billion in assets under management has moved from Lincoln Financial to LPL in a bid to grow by using the LPL platform and name to increase its stable of advisors.

The organization will becgin a national search for the next CEO/executive director spearheaded by a search committee that was formed after receiving Turf’s letter in early October.

A career advisor with three-and-a-half decades of experience, Karl Rothermund has left Morgan Stanley for Raymond James in Scottsdale, Ariz.

After arming certain financial advisors with new designations aimed at winning more 401(k) consulting business this year, Bank of America Merrill Lynch says that that bet is paying off.

LPL Financial has added well-known wealth management firm MACRO Consulting of Parisippany, N.J., with $650 million in AUM and five advisors, who left independent broker dealer SII Investments for its larger rival.

The firm has hired Harold Langer, a three-decade industry veteran, to be senior vice president at the Tucson branch.

If there is a constant in the investment advisory landscape, it’s change. And few things are changing faster than the independent sphere.

It is “a fantastical suggestion” that the bank and its management knew and approved of Adoboli exceeding risk limits, prosecutor Sasha Wass told the London jury in closing arguments Thursday.

Evercore Partners Inc., the advisory firm founded by Roger Altman, agreed to purchase Mt. Eden Investment Advisors LLC, a San Francisco-based wealth manager with $645 million in client assets.

Legacy Wealth Planning announced Wednesday that it hired Mark Elston and his team of financial advisors.

Advisors can calm clients who wanted a Romney victory.

Morgan Stanley, the Wall Street bank with the biggest trading-revenue increase last quarter, lost money in that business on eight days in the period, down from 31 days a year earlier.