Wirehouses

Management roles at the wirehouse have shifted following the announced departure of a key executive.

James Gorman and other executives got performance-based stock awards that have more than doubled in value since they were granted three years ago.

To court young talent, banks are reimagining their ads for positions like call center agents and video tellers as YouTube clips. They are also finding ways to make applications easier to fill out on mobile devices.

Two groups representing five advisors left Morgan Stanley to join RBC.

"Some of the volunteer work that I was doing early on just kept growing on me and I found that I love being able to create change," says Russell Goldstein.

The liabilities your broker-dealer faces when supervisors oversee wealth managers both inside and outside your practice.

John Stanton Verble is suing Morgan after he says he was fired for helping federal authorities investigate one of the firm's clients.

The two new hires managed about $210 million in client assets while at Morgan Stanley.

The former wirehouse group is larger than Dynasty's biggest recruiting grab in 2014.

A U.S. probe into how Morgan Stanley client information ended up for sale on the Internet is examining whether a financial advisor was targeted by hackers after he took data from the bank, two people briefed on the inquiry said.

The board left his salary unchanged at $1.5 million and he received no cash bonus, a person with knowledge of the decisions said.

Two former UBS advisors with over $120 million in client assets have signed on with Aegis Capital Group, an independent broker-dealer and RIA.

Regional broker-dealer Wunderlich Securities recruited two wirehouse advisors.

Branch closings draw big headlines, but several large banks are entering new markets — or bulking up in underrepresented cities — by adding branches and hiring lenders. Bank of America, for instance, is planning a retail push in Denver and Minneapolis.

Advisors generating $5.8 million in annual revenue left Morgan Stanley for Merrill. The team is led by the No. 7 advisor on On Wall Street's Top 40 Under 40 ranking.

The firm has made lending and deposits a greater part of its strategy as it seeks to generate more revenue from brokerage clients.

Morgan Stanley lost an advisor producing $883,200 in annual revenue to Merrill Lynch.

Quarterly profits were down 15% year-over-year due to higher expenses at the firm's U.S. wealth management unit.

Following the success of her latest album and landing three Grammy nominations this year, the megastar's net worth is in the untold millions. With a Merrill Lynch advisor for a father, it begs the question: who is advising the pop star?

Two veteran wirehouse advisors joined regional broker-dealer Wunderlich.