Wirehouses

Bank of America agreed to pay $62.5 million to resolve investor claims that the bank’s directors mishandled the acquisition of Merrill Lynch & Co., company officials said.

UBS financial advisor Eric Bickler, who ranks number 27 on On Wall Street’s list, has built a successful practice serving current and former corporate executives.

Net income advanced to a record $5.09 billion, or 91 cents a share, from $4.11 billion, or 73 cents, a year earlier.

Thomas Kane, a UBS financial advisor who ranks number 29 on our list, has turned to hedge funds, private equity and real estate to bolster his clients’ portfolios.

No financial advisors will be impacted, but some of the cuts may impact the support areas for the wealth business, a person familiar with the situation said.

When it comes to working with clients, Wells Fargo financial advisor Christopher Purdue, who lands at Number 30 on our list, emphasizes old-fashioned house calls.

Bank of America Merrill Lynch this year will double the number of institutional trading forums it operates, putting on about two dozen.

When it comes to serving a broad swath of affluent clients, Morgan Stanley financial advisor Andrew Stern relies on a strong asset allocation foundation.

A former Morgan Stanley complex manager who felt he was forced to resign is set to receive $1 million in compensatory damages from the firm, according to a new ruling from an arbitration panel.

The firm has brought on three legacy A.G. Edwards advisors from Wells Fargo to open its 27th office.

The three additions in New Jersey include a veteran financial advisor duo from Merrill Lynch and another advisor from UBS.

Raymond James Financial Services, the company’s independent broker-dealer, announced Monday it has added a mother-daughter team in Bethesda, Md., with $200 million in assets.

Morgan Stanley financial advisor Carrie Gallaway, who ranks at Number 32 on On Wall Street’s list, says using an empathetic approach to clients was especially useful in the run-up to the fiscal cliff negotiations.

Morgan Stanley's Jim Detterick started out by beta testing a career as a financial advisor. Now he applies that acumen to clients’ portfolios.

Bank of America Corp.’s brokerage arm and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo.

Jonathan Yolles followed his father and uncle into the financial advisory business. His first client was a distant cousin. Now, he lands at number 34 on the Top 40 Under 40 list.

UBS financial advisor Jonathan Beukelman often works to advise his clients’ children on everything from buying a car to compound interest.

Advisors naively believe that only 17% of their clients hold a direct account when in fact 74% do, according to a new report from Boston-based research firm Cerulli Associates.

As the calendar turns the page to another year, 2013 offers the four largest U.S. wealth management businesses the opportunity to recapture some of the assets and talent they have been ceding to other firms.

Allen Saunders went from pet food distributor to UBS financial advisor to number 36 on On Wall Street’s 2012 list.