Wirehouses

Benjamin Edwards has added offices in Canton, Ohio and Abilene, Kansas., growing the firm to 33 branches in 17 states.

Janney has hired Neil McCauley from Wells Fargo with $98 million in assets under management.

A final handshake on Morgan Stanley’s acquisition of Smith Barney will tie up some lingering loose ends, including a smoother clearing process for client assets, for one of the largest wealth management industry deals in the past decade.

Morgan Stanley will buy the rest of its wealth-management joint venture with Citigroup Inc. as soon as next week, capping a four-year effort to reshape the investment bank into a more stable firm reliant on the retail- brokerage business.

Financial institutions should develop distinct service offerings for young investors that speak to them at their life stage.

Raymond James announced Wednesday it hired Claire Friedrichs as first vice president of investments.

The firm snapped up two Morgan Stanley advisors and former branch manager at Ameriprise.

Less than a week after landing another Morgan Stanley advisor, Raymond James has lured a Midwestern group with over $240 million in assets under management from Morgan Stanley to its independent-broker dealer.

Wells Fargo Advisors has hired nine financial advisors from Morgan Stanley, Merrill Lynch and RBC Capital Markets with $1.12 billion in assets under management.

John David “J.D.” Joyce and his team moved to Wells Fargo Advisors Financial Network in Houston on May 23.

Morgan Stanley Chief Executive Officer James Gorman said his firm’s wealth-management unit can earn a pretax margin of more than 23 percent by 2015 as interest rates and stock markets climb.

Morgan Stanley has a plan to boost return on equity in fixed-income trading above its cost of equity after four of the five units failed to meet that metric last year, Chief Executive Officer James Gorman said.

UBS gave its force of about 7,000 U.S.-based advisors new compensation incentives to use financial plans with clients this year. The plan increases the pay their financial advisors receive when creating those plans, and has resulted in an uptick in their adoption so far this year

Morgan Stanley has turned to Wells Fargo and UBS for new advisor hires for the second time this month.

A $1 million producer has jumped from Morgan Stanley to Raymond James in Columbus, Ga.

The financial services industry has one of the hardest glass ceilings for women to break through according to a recent survey from Edward Jones.

Stifel nabbed two UBS advisors and opened a new office in Tampa, Fla.

UBS Wealth Management Americas has picked up a financial advisor from regional wealth management firm Hilliard Lyons with $475 million in assets under management.

Are you a wirehouse advisor with at least $93 million in assets under management? Then you are the kind of advisor asset management distributors most want to reach.

Wall Street has contributed less than 2% of New York City’s job growth since the recession ended as cost-cutting efforts have led banks to replace fewer positions than other businesses.