Financial institutions

Amid a surge in consumer assets, firms that cater to high-net-worth clients have a particular advantage, Chip Roame told an audience at the Tiburon CEO Summit.

A recent round of hires includes one Wells Fargo advisor with over $1 billion in assets under management.

Five former Merrill Lynch advisors with $900 million in assets have jumped to Janney in Connecticut.

The Swiss Bank is reviewing loans issued to clients in Puerto Rico. One brokerage customer said he was given credit to buy risky bond funds holding the island’s government debt.

The firm is trying to find if its advisors improperly offered non-purpose loans to clients for purchase of its securities.

UBS O’Connor, the UBS AG unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter.

Bank of America completed the merger of its Merrill Lynch & Co. subsidiary into the parent company to simplify the corporate structure.

Lincoln National, the insurer whose stock surged more than 60% this year, hired Ronald Holinsky from Janney Montgomery Scott to be chief compliance officer as the industry faces increased regulatory scrutiny.

Crowell Weedon will become D.A. Davidson's fifth regional hub.

The two big wirehouses back the CFP Board’s move to strip out its 'fee-only listings.

As Septmber draws to a close, we've gathered together the most popular stories of the month. Don't miss the top five.

Morgan Stanley has gotten a lot of heat over "pre-approved content" to be used on social media by the firm’s financial advisors, but there are several reasons it is actually an advantage, says head of digital strategy Lauren Boyman.

Raymond James continues to emphasize expansion along the West Coast with the addition of a former Morgan Stanley manager who will open a new office in San Diego.

Danny Ludeman announced his retirement on Friday after five years as head of Wells Fargo Advisors.

A recent study highlights the industry's dire need for new advisors, and aims to help firms understand Gen Y's huge potential. Here are the key takeaways.

Significantly altered results now appear when users search for fee-only advisors.

While the coming fiscal debate looms in the background -- along with probable accompanying market volatility -- there are a number of other possible legislative and regulatory items that also affect the insurance and advisory industry.

A complaint filed by the SEC accuses a former Merrill Lynch advisor and his client of making insider trades and hiding profits in offshore accounts.

Exclusive: Without any notice, ‘fee-only’ is replaced with ‘none provided’ on CFP holders’ profiles.

FINRA is pressing ahead with a controversial new rule that would require brokers to make disclosures about recruitment compensation they receive as an enticement to jump to a new firm.