Wirehouses

A UBS advisor team managing $430 million in assets has left the wirehouse to join regional broker-dealer First Kentucky Securities.

FINRA fined Merrill Lynch $8 million and ordered the firm to repay $24.4 million to retirement accounts and charities for allegedly overcharging for mutual fund fees.

A former UBS Advisor with more than $130 million in assets and $1.2 million in annual production made a move to RBC Wealth Management-U.S.

UBS, Switzerland's biggest bank, leapfrogged Morgan Stanley and Bank of America to become the world's largest wealth manager by client assets, according to a ranking compiled by PAM Insight SA.

RBC Wealth Management-U.S. has recruited a former Morgan Stanley executive director to help with the firm's growth plans.

U.S. Capital Advisors, a small regional firm in Texas, has recruited five former UBS and J.P. Morgan advisors who managed more than $500 million in combined client assets.

Morgan Stanley will boost profitability as it pays brokers a smaller cut of revenue and the firm’s commodities business earns better returns following sales of two units, CEO James Gorman said.

Merrill Lynch lured away two advisors from Barclays Capital, where they managed a combined $285 million in assets.

Most boomers want more from their post-career years than cruises and golf, a Merrill Lynch survey finds. Advisors should take note as they help clients plan for life after their primary career.

A former Merrill Lynch executive has joined Focus Financial Partners to co-head a program that helps wirehouse advisors go independent.

Wells Fargo has a new group chief compliance officer for its wealth, brokerage and retirement division.

Credit Suisse Group, Barclays and UBS were the largest dark pools in FINRA’s first weekly report meant to make the private trading systems more transparent.

A former J.P Morgan advisor team that managed $1.5 billion in client assets has left the firm to join Wells Fargo Advisors.

Two former UBS advisors are moving over to Stifel.

On Wall Street unveils the top ten branch managers of the year.

Across the industry, branch management faces increasing demands and fewer resources to mentor and recruit advsiors. Firms like Wells Fargo, Raymond James and Merrill Lynch are taking steps to provide relief.

There's no doubt branch managers play a critical support role for financial advisors, but the job is no longer just the coveted position advisors sought after a successful run.

Tommy Boyd started his practice in 1984 in Selma, Ala. Three decades later Boyd is working with multiple generations of clients across several states.

Stifel Nicolaus & Co. has added a former Morgan Stanley advisor who managed more than $250 million in assets.

Two former Wells Fargo Advisors who managed $400 million have left to join a firm with Focus Financial Partners, the network of independent financial advisors.