Financial institutions

Global banks including UBS and Barclays have been expanding teams that serve some of their richest clients.

‘The firm gives advisors the ability to choose who they do business with and doesn’t put limitations on minimum account size,’ one advisor says.

The wirehouse is charting a litigious course since breaking with the Broker Protocol, and some observers think the scorched-earth campaign could harm its reputation.

Of the 46 advisors newly appointed as managing directors at the firm, only three were women.

One recruiter argues the firm is losing talent because it will eventually exit the Broker Protocol.

At Merrill "it felt like we shifted away a little bit in recent years from the core focus of wealth management," advisor Matthew Spradlin explains.

Strengthened legal language recently added to bonus agreements will be removed, according to people familiar with the matter.

The Raymond James affiliated firm has been aggressively recruiting from wirehouses in recent months.

The brokers previously worked at Wells Fargo, which has suffered from attrition to smaller rivals over the past year.

A recent scam involved a fake signature from FINRA CEO Robert Cook.

The move is the latest in trend of advisors leaving wirehouses for smaller firms.

Ameriprise is looking to reverse a decline in its headcount.

The San Francisco-based firm is the third major U.S. bank in recent weeks to change its policies on pay transparency.

Reforms obtained by settlements of past class-action suits have "utterly failed," the new lawsuit contends.

This is the second time in recent weeks that the firm has poached talent from the wirehouse.

The four-member group previously generated about $2.5 million in annual revenue.

The bank is removing hurdles to employee advisors switching channels among other recent initiatives.

The advisor was drawn to the regional BD’s small culture.

The planner wasn’t happy with the direction his former firm was pushing its advisors.

Morgan Stanley and one of its advisors were ordered to return the entrepreneur's investment in two private placement funds totaling $536,000 and pay him $37,500 in compensatory damages.