Financial institutions

Ed Riley and Jonathan Miller will lead a new team catering to ultra-high-net-worth clients.

The firm has won over a $300 million team from UBS and its 10th recruit so far this year.

This latest addition follows RBC’s hiring of four Morgan Stanley advisors to the new San Diego office in November.

Despite a rally in the equity markets, February proved to be a lackluster month for Raymond James Financial.

A Financial Industry Regulatory Authority arbitration panel’s rejection of compensatory damages requests from both Morgan Stanley and one of its former brokers is the latest example of how deals for sign on bonuses can sour when a new position does not work out.

Merrill Lynch has promoted Mary Ann Bartels to serve as chief investment officer of portfolio strategies within its Investment Management and Guidance group.

Strong recruitment and help from the markets took the firm to new heights.

UBS’ latest hires come after Morgan Stanley hired several UBS advisors earlier this month.

Wells Fargo has hired 17 advisors to its standalone branches and added nine advisors to its independent brokerage business, Financial Network.

The firm continues to expand its presence in Florida with the addition of a second Wells Fargo broker.

Morgan Stanley, owner of the world’s biggest brokerage, will buy the remaining 35 percent of its wealth-management venture with Citigroup Inc. after winning Federal Reserve approval in the regulator’s annual stress test.

Other advisory services executives may be targeting advisor growth -- but Raymond James Financial Services president Scott Curtis thinks differently about expansion.

As baby boomers’ demands change, the industry needs to take a more holistic approach, according to the president of the Ameriprise Personal Advisors Group.

RIAs like to think of themselves as starkly different than their counterparts in the wirehouse channel -- in terms of fee structure, fiduciary responsibility, independence and, often, income. But a new study casts some doubt on the income part of that equation.

The St. Louis firm snapped up a former Morgan Stanley advisor with $114 million in assets.

Kaminsky, who was the cable television network’s capital markets editor, will work with Morgan Stanley’s financial advisors on client development.

Raphael Zagury, Bank of America Corp.’s head of creating derivative investments for wealthy clients at Merrill Lynch, said he resigned.

Mitch Cox, head of wealth management in the Americas at Barclays, has left his position to pursue other interests, a spokesperson for the firm confirmed.

The dually registered and registered investment advisor channels were the fastest-growing for assets under management from 2010 to 2011, Cerulli Associates reported today -- but the two are still dwarfed by assets in the wirehouse channel.

The firm has promoted Vin Campagnoli to chief information officer as it looks to continue expanding its platforms.