Wirehouses

The brokerage firm is holding off on making major changes while regulatory frameworks shift once again.

The case is a legacy of the fallout from Puerto Rico's bond crisis and the performance of UBS closed-end funds.

The client relationship manager is now on a leave of absence, according to Merrill.

Planners have been leaving bank-backed firms in droves in search of what they say is greater freedom and flexibility.

The firm "deprived its clients of unbiased financial advice," the regulator says.

Jamie Dimon and Lloyd Blankfein remain prominent public figures, but many other crisis-era CEOs have kept low profiles over the past decade.

The firm is trying a new approach 10 months after quitting the Broker Protocol.

Jean McCrave Baxter claims colleagues made sexual jokes and she was denied advancement opportunities afforded to male co-workers.

Advisors John Burg and Tamara Colon moved their California practice to the regional firm.

The advisor used about $410,000 to pay back investors in Ponzi-like fashion to keep the scheme alive, the regulator says.

The regional BD continues its recruiting spree, adding to the more than 400 advisors it’s already hired in the past year.

The firms may or may not be vying against one another, but their advisor forces are moving in different directions.

Brokerage industry records list one of the winners works at the firm's clearing house in San Jose.

“The industry has not done any favors to young advisors,” says independent advisor Douglas Boneparth.

The firm’s partners met while employed as advisors at Merrill Lynch, and later switched to Wells.

One of the firm's two new executives is a wirehouse veteran who started her career at Merrill Lynch in 1990.

Already an aggressive recruiter, the firm upped its advisor head count by 115 during the recent quarter.

The forthcoming changes will build on digital investments the firm has made recently, according to an executive.

Stifel is expanding on the West Coast, hiring 13 recruits in California year-to-date.

In an era of extreme affluence, elite money managers are vying for the hyper-rich as never before.