Financial institutions

Two advisors who left Merrill Lynch for Morgan Stanley have returned to the wirehouse.

The wirehouse was seeking to resolve class-action lawsuit alleging labor-law violations in advisor trainee program.

The ex-Merrill executive had been at the wirehouse for almost three decades.

The former wirehouse advisor is the newest hire at Snowden Lane Partners, an independent firm.

The Bank of America unit that serves ultrawealthy clients picked a Merrill executive to oversee its Central North division.

Raymond James is seeking to undo a fired advisor's arbitration win against the firm, arguing that a FINRA arbitration panel exceeded its powers.

The new recruits made the move to HighTower from Morgan Stanley and SunTrust.

Although an arbitration panel sided against the wirehouse, it awarded her far less than the $476 million in damages she had sought.

The veteran advisor joined the firm as Credit Suisse exits the U.S. wealth management market.

The advisor joined Wells Fargo's independent network.

An arbitration panel found that a client's complaint about a former wirehouse advisor was "factually impossible or clearly erroneous."

The wirehouse landed another recruit, who had about $500 million in client assets, from its deal to hire Credit Suisse advisors who specialize in Latin American clients.

A veteran who worked as broker and recruiter for 20 years joined Securities America’s branch office development recruiting team.

Several wirehouse recruits and an independent team moved to the regional firm.

The elite Bank of America unit gave one of its division heads a second region to oversee.

These advisers from our BIC Top 50 notched the highest ROAs.

The advisor also beat back Wells Fargo's $200,000 in claims for breach of promissory note.

Total assets for the regional B-D's Individual Investor Group will reach about $40 billion after it merges with Smith Hayes.

The wirehouse also recruited three new complex managers from rivals UBS and Deutsche.

The commission also settled related charges against First Southwest, a financial advisor, for failing to document its advisory relationship with the agency for seven months.