Private banks

Over 50 advisers have now joined the independent firm, which is affiliated with Raymond James.

The former Wells Fargo executive will command a team of 10 local private bankers in the Hudson Valley and metro New York market.

The recruit joined the bank’s private wealth management division after 14 years with the wirehouse.

One of the bank's new recruits comes from the wirehouse's elite Private Banking & Investment Group, which serves ultrawealthy clients.

The advisory business ended the year on a strong note, boosted by growth in net interest income, which rose 14% year-over-year.

The bank hired its first chief investment officer seven months after recruiting the former leader of a family office to a new post as national head of investments.

Former Department of Labor officials allege systemic breakdown of whistleblower protection; two also handled Wells Fargo cases that went nowhere.

The recording casts doubt on the CFP Board's claim that all CFPs are fiduciaries.

The regulator has filed a complaint against whistleblower Johnny Burris, who has filed multiple cases against one of its largest member firms, JPMorgan.

Young upstarts have to take a long, hard look at their business models and make key investments as the market cools off.

Veteran Jason Miller was named to a new post as head of Wealth Planning in the U.S. He is supported by four regional leaders who are also new to their roles.

Doris Meister, formerly president of U.S. Markets for BNY Mellon Wealth Management, also joined the bank's 15-member management group.

Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

The executive has added 15 new advisers this year and plans to add 15 more by the end of 2016, bringing the total broker force to 130.

CEO Tidjane Thiam, who joined a year ago, is shrinking the investment bank to free up capital for expanding Credit Suisse's wealth management business, cutting thousands of jobs in the process.

Banks are lining up behind Capital One to launch robo platforms even as they gird for an initial hit to their brokerage business.

Eleven executives were tapped this year to lead wealth management and related investment services groups at Key Private Bank, Regions Bank, U.S. Bank, Wells Fargo Private and Wilmington Trust. Find out who they are and what their new roles entail.

Truxton Trust has just one office, in Nashville, but it boasts clients in some of the wealthiest locales in the country, including Silicon Valley and New York.

Tidjane Thiam, seeking to reassure investors about his ability to turn around the troubled firm, pledged to continue efforts to cut costs.

Global wealth management generated $5.8 billion in revenue in 2015, up 2% year-over-year.