Wirehouses

A $2.2 billion Morgan Stanley team's move to independence shows how breakaways use shell companies to take advantage of the legal pact, and why more than 1,500 firms have signed on.

The new recruits are the 10th team to join HighTower this year.

The regional brokerage firm picked up recruits from Wedbush Securities and Merrill Lynch.

Headcount rises for the 11th consecutive quarter for the wirehouse, which is prepping for the Department of Labor's fiduciary rule.

Net income for the wealth management unit rose to $677 million from $606 million for the year-ago period.

The bank has already taken action in instances of staff misbehavior, according to Chief Financial Officer Marianne Lake.

The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.

The wirehouse's latest hire will help ultrawealthy clients with estate planning and other services.

The regional firm’s latest recruit joined its employee channel after 17 years at the wirehouse.

After the fiduciary rule was announced, it wasn’t clear how brokerage firms would adapt. Here's why the wirehouse is a standout on its approach to the new regulation, and why one competitor isn't.

The Wells Fargo scandal has given the sale of loan and bank products a bad name, but experts say that, done right, it is a crucial revenue driver.

The firm's latest recruit has more than three decades of industry experience and previously worked at Wells Fargo Advisors.

The advisers are industry veterans who joined the regional firm in two offices.

Eight advisers opened a new office for Merrill Lynch's Private Banking & Investment Group, which serves ultrawealthy clients.

The new recruits join from RBC and Wells Fargo Advisors.

The main objection seems that regulators just don't like the unseemly business of selling products to customers who might not want them.

A father, son and daughter leave the wirehouse to form their own business.

“It will help them cope with some of the new burdens that the fiduciary requirement will impose on firms,” an industry analyst says.

The wirehouse has served as a major banker for the island commonwealth, which has been defaulting on a growing share of its debt and has been placed under federal financial oversight.

The compensation loss is the biggest for a major U.S. bank chief since the 2008 financial crisis.