Wirehouses

The bank's performance puts it behind its largest U.S. competitors this year, signaling frustration in the market over the board’s quiet search.

These and other firms are building brands that appeal to advisors. Here’s how.

Almost a year after taking over at the firm's investment bank, co-heads Piero Novelli and Rob Karofsky are working on their first shake-up of the business.

The firm's most recent lawsuit over alleged non-solicitation violations centered on an advisor's thank-you cards to clients.

The bank, which has made wealth management its central focus, plans to charge its Swiss clients an annual fee of 0.6% on deposits of more than 500,000 euros.

One team wanted more flexibility and time to manage their clients’ financial needs.

The new recruits join the firm’s employee channel from both wirehouses and the independent space.

The two advisors will name the team’s practice after their shared experience working for the military.

Former retail brokerage head David Kowach is moving to the consumer bank.

Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.

The declining headcount comes even as the firm pulls in several big hires.

The wirehouse’s pipeline for incoming brokers is at a two-year high.

James Gorman dismissed any speculation after the unit posted record revenue and pretax profit in the second quarter.

The beleaguered bank has suffered from attrition since a fake accounts scandal rocked the firm in 2016.

The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.

Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase’s Gordon Smith won’t be taking the job, according to people with knowledge of the situation.

Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.

The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.

Two perennial champions retained their top ranks in 2019 — but the aging demographic poses challenges for all firms, according to J.D. Power.

The wirehouse is giving the ultrahigh-net-worth crowd a more complete view of their finances, says Don Plaus head of private wealth management.