Wirehouses

The firm detailed its strategy for complying with the SEC’s regulation ahead of its June 30 enforcement date.

AUM is down 7% for the wirehouse, which now has 20,000 financial advisors and associated staff working remotely.

Nearly everything fell during the difficult first quarter: net income, advisory assets, IRA assets, and advisor headcount.

The firm had intended on increasing some grid thresholds by about 10%.

The problem was from a bug related to an external software provider.

The perennial contender won the top spot in J.D. Power’s annual survey as the coronavirus makes brand and advisor trust even more important to the industry.

It’s another action taken by wealth management firms to safeguard employees and clients from the coronavirus.

It’s a short move for the advisors; only four blocks separate their old office from their new digs.

Morgan Stanley’s merger a quarter century ago with a brokerage that had branches in Sears was met with sneers. Now, the firm is taking another stab at luring mom-and-pop investors.

Long associated with catering to the wealthiest clients, Morgan is also astute enough to see which way the winds are blowing for the industry.

The wirehouse has big reasons to pursue the deal, but the online brokerage's 225 independent advisor firms are not among them.

The acquisition is the latest demonstration of firms merging banking, wealth management and digital services to meet clients' every financial need.

The advisors had generated $20 million in production at Goldman Sachs, according to their new employer.

Three years after leaving the Broker Protocol, the firm continues to selectively hire.

The firm looked within its own ranks to fill the position.

The settlement would apply to advisors who participated in the firm’s deferred-compensation plan from February 2011 through January 2020.

One of the new hires oversees more than $300 million in client assets and has more than 30 years in the business.

Wealth management is playing an ever bigger role at the firm, which aims to add a million new clients in the coming years.

Some of Wall Street's most prominent executives have this in common: a long tenure.