Financial institutions

Brock Loen says he uses the same skills to raise three sons as he does to supervise his 21 brokers at Davidson. His mantra: "Being fair with everyone, accessible at all times, and telling each other the truth."

Catherine Lapadula is a hard-charging woman who says she is doing what she loves and sitting where she always wanted to sit—in the manager's seat at UBS's international wealth management operation in New York City.

What is a “madvocate" and how can you insure they aren't contagious?

UBS AG, the Swiss bank seeking to boost profit from wealth management, said it plans to expand in Africa as economic growth rates surpassing 5% boost demand for banking services from the continent’s rich.

Royal Bank of Canada said second-quarter profit rose 26% as acquisitions fueled returns.

The past five years have been difficult for many advisors, but it was also a time of opportunity, according to Michael Gatewood of UBS Wealth Management.

When Wells Fargo named Rick Folmar the company's second-best complex director for recruiting in 2011, he knew he had more work to do. "It's worse to be number two than it is to be number 20. If you're number 20, you never believed you could be number one," Folmar says.

Vishal Bakshi moved to Merrill Lynch’s Private Banking and Investment Group in New York after managing more than $1 billion in client assets at Credit Suisse.

The firm picked up a 32-year industry veteran in Rochester, N.Y.

In college, Jeff Dobyns spent four hot, humid summers selling books door-to-door in the rural southeast for Southwestern Co. After graduating, he and his colleagues dove into the financial services sector—a career with air conditioning.

As an advisor in San Diego in the early 2000s, Joseph DeFalco's business was doing well. He had built a strong client base, but the office itself was in trouble. Turnover in management had reduced headcount so that by his sixth year the branch consisted of just him and one other advisor. The office was about to be closed in 2006 when they handed DeFalco the keys. "Now we look back and laugh at it, but it definitely wasn't easy," he says.

JPMorgan Chase & Co. hired Travis Machen from Morgan Stanley to run corporate banking for hedge funds, money managers and other mid-sized financial firms.

Baird has snapped up an advisor with $200 million in AUM from William Blair, an employee-owned brokerage in Chicago.

UBS AG’s Chief Financial Officer Tom Naratil will meet next week with Knight Vinke Asset Management LLC, an investor that called for a spinoff of the lender’s investment bank, two people familiar with the matter said.

Before Dom Starsia talks about national titles, he unfolds a two-foot-wide spreadsheet that gives University of Virginia recruits a look at life after lacrosse.

Ken deRegt, a Morgan Stanley veteran called on to revamp risk-management and the fixed-income trading business after returning in February 2008, is leaving again to join investment firm Canarsie Capital Group.

Wells Fargo added a former Edward Jones advisor in Hudson, Ohio.

Boutique and hybrid models are poised for growth as larger firms cede market share, according to a new Cerulli report

RBC Wealth Management picked up a former Morgan Stanley broker with $65 million in assets.

"I think to just look at numbers on Wall Street and say, 'It looks like it's struggling' -- it's contracting in a very healthy way," said fomer Morgan Stanly Executive Bob Auer. "It's almost like a big fat guy that is losing weight. To say, 'Oh, he's just not the same guy…' No -- he's getting healthier and better."