Wirehouses

Deutsche Asset & Wealth Management grabbed a financial advisor from rival Barclays.

Lebenthal Wealth Advisors has recruited a former wirehouse branch manager and two independent advisors to fulfill its growth plans.

Alex Vicencio, a financial advisor at Wells Fargo, says that building a business one client at a time was the biggest challenge he faced as an advisor in his 20s.

Profits are up at wealth management firms, and executives are taking stock of their priorities and goals.

The changing nature of retirement for clients is an opportunity for firms. "They’re still going to need advice, but the advice is going to take on a different form," says Merrill Lynch's John Thiel. "It is moving from investment advice to life advice."

Keith Banks, president of U.S. Trust, is searching for new talent in a unique place: within his own firm.

In an exclusive set of interviews with On Wall Street, the industry's leading executives talk about how clients' needs are changing, technology is evolving and how firms can keep growing the bottom line.

Mary Mack is not only president of Wells Fargo Advisors, she’s a client too. In an exclusive interview with On Wall Street, Mack talks about what it’s like being a Wells Fargo client, the direction of her firm and the changing landscape for advisors.

Janney Montgomery Scott lured away a husband-wife team from Wells Fargo Advisors.

FINRA promotes Richard W. Berry to lead its arbitration unit.

UBS Wealth Management Americas reported that profits surged 17% year-over-year

A former BofA Merrill Lynch Team who felt wronged after being terminated has signed on with full-service brokerage firm Stifel Financial.

On Wall Street extends its deadline for its annual ranking of the top 40 advisors under age 40.

Independent firm Snowden Lane Partners recruited another wirehouse advisor team, this time from Merrill Lynch.

A Wells Fargo advisor team that managed $200 million in assets has left to join Steward Partners, an independent firm founded a year ago by former wirehouse managers.

Latest Morgan Stanley advisor additions around the country bring a combined $565M in AUM and over $3M in revenue.

Merrill Lynch grows its Chicago presence by hiring UBS team with $500M in AUM and nearly $5M in revenue.

Expanding its advisor ranks, small broker-dealer Jefferies announced the hire of a rio of Barclays veterans that bring a focus on REITs and MLPs.

Looking at the range of services received by clients in all advisory channels, traditional wirehouses take the lead in catering to high-end client needs, according to research from Cerulli Associates.

Agency secures $4 billion in penalties; expert says: “make sure that you have a robust and dynamic compliance program.”