CEO Greg Fleming's team secured more than $600 million in capital that brings together two of North America's influential financial families.

Every score fell as investors gave wealth management firms ugly grades in a time of slumping stocks and bonds and fears of a recession.

Wealth managers are increasingly pledging to address diversity, equity and inclusion in their businesses.

Although the new leaders at Merrill could offer advisors new hopes, the firm could well suffer further attrition after Andy Sieg's defection last week to Citigroup.

The amount of massive advisory practices across the industry more than tripled in a decade, leaving firms like Equius Partners with scale and succession challenges.

Switzerland's top prosecutor opened a probe to gather information into potential crimes that may have taken place around UBS's emergency takeover of Credit Suisse.

Plaus had planned to leave the bank after March 31. But Merrill head Andy Sieg's sudden departure for Citigroup triggered an executive shuffle.

In a sudden shift, Merrill's leader of the past six years is heading back to rival Citi, where he will be head of global wealth and drive its expansion.

It wouldn't be easy for elite advisors at the bank to leave, for reasons ranging from loyalty to deferred compensation. But as spooked clients demand stability, some competitors see a rare opening to recruit.

The advisors left a firm called Regulus and aligned with AdvisorNet Financial as they seek to build a larger base of individual wealth and planning clients.

Some millionaires and billionaires who have accounts with the bank are making backup plans for their account and loans.

Sergio Ermotti, who replaces Ralph Hamers, is tasked with integrating Credit Suisse, a monumental job.

The move comes after Washington State said it would impose a 7% tax on an individual's long-term capital gains exceeding $250,000.

Asian Americans and Pacific Islanders have unique planning needs that aren't always met in the industry.

With the acquisitions of CIT Group and a large portion of the failed Silicon Valley Bank, the North Carolina company has doubled in size for the second time in a little more than a year and joined the class of super regionals.

The independent firm told financial advisors that selling their own practices without a greenlight from the corporate office could draw FINRA scrutiny.

A new scorecard show 13 of 68 companies got an "A" grade for being upfront about inequality in employee pay — and 25 got an "F."

The stolen funds were allegedly spent on personal expenses including a swimming pool, crypto, luxury cars, a piano and a romantic relationship.

The case comes as employment suits related to mental health disabilities are expected to increase coming out of the pandemic.

The larger firm is known for its advanced technology, while its new subsidiary is known for its comprehensive service.