-
Morgan Stanley Wealth Management saw profits jump 17% for the 3rd quarter, despite a 1% drop in the firm's advisor workforce.
October 17 -
Stifel Financial brings in a veteran Morgan Stanley advisor for a newly created client office in West Chester, Pa.
October 16 -
The SEC plans an enforcement action against a former Wells Fargo compliance officer for altering report.
October 15 -
Bank of America said wealth management profits were up 13% year-over-year and reported an increase in its advisor ranks. The company reported that profits for its Global Wealth & Investment Management division, or GWIM, which includes Merrill Lynch and U.S. Trust, increased to $813 million for the third quarter from $720 million a year ago.
October 15 -
Assets under management among SEC-registered advisors increased 12.6% in 2014 to $61.7 trillion in April, according to an industry report.
October 15 -
Wealth management advisory work has evolved from the retail brokerage days of the 1980s, when advisors were considered salespeople.
October 14 -
Wells Fargo said that third quarter net income for its wealth management division rose 22% year-over-year.
October 14 -
A Morgan Stanley advisor duo with $213 million in AUM has left the wirehouse to join RBC Wealth Management.
October 10 -
A former UBS broker was ordered to pay back the wirehouse $1.75 million of his recruiting bonus the third such million-dollar judgment against him this year.
October 9 -
An advisor pair that jumped to Merrill Lynch after just four months with Barclays must pay back over $6.6M in hiring bonuses, FINRA rules.
October 7 -
A UBS advisor managing $108 million in assets has left the wirehouse to join rival firm Merrill Lynch.
October 6 -
On Wall Street has dropped its minimum AUM for its annual ranking of the top 40 advisors under age 40. Who will it be this year?
October 6 -
An advisor team with $400 million in client assets has left Wells Fargo to go independent with the help of Dynasty Financial Partners.
October 6 -
One Morgan Stanley CFP uses her bankruptcy to build bridges to her clients and hone her practice.
October 6 -
A former Morgan Stanley advisor must pay the firm nearly $200,000 in owed bonuses, FINRA ruled.
October 3 -
Raymond James & Associates recruited a wirehouse advisor who generated over $1 million in revenue, managing more than $120 million in assets.
October 1 -
Morgan Stanley picked up five advisors managing more than $650 million in combined assets from its rivals, according to a spokesperson for the wirehouse.
October 1 -
The profitability of alts for investment managers and product originators promises that the deluge of alternative investment opportunities will continue.
October 1 -
A FINRA arbitration panel ruled a broker caught in an insider trading scandal must pay back over $3 million to Morgan Stanley.
September 30 -
A wirehouse advisor team managing about $400 million in assets has left UBS to join Snowden Lane Partners, an independent firm.
September 30
