Wirehouse advisors

Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.

Industry experts who track comings and goings at large firms say the advisor staff figures often obscure more than they reveal.

Here's what advisors at the $2 million production level can expect to earn at large and regional firms

You'd think making $1 million a year for your firm would be considered a lot. But advisors at that level last year have to bring in a bit more to maintain their take-home pay.

Our continued look at compensation for advisors at different revenue levels considers pay for $600,000-a-year producers.

Wireshouses continue to put the squeeze on advisors at the lower end of the revenue-generation scale.

Many advisors will have to produce more this year to make the same take-home pay as last year, Financial Planning's annual analysis finds, with low producers under pressure to move up the revenue ladder or move on.

An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.

The Bank of America wealth management subsidiary joins Morgan Stanley and Wells Fargo in no longer divulging how many financial planners it has on the payroll.

The firm's wealth management business saw strong new assets inflows in the first quarter, particularly from its business catering to family offices.

The departure comes amid continued turn at the head of the bank's wealth management ranks.

Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.

The banking giant nonetheless saw strong growth in net new assets in the first quarter and a 14% jump in returns from asset management fees.

The top European regulator worries that big executive pay checks are leading to 'alienation between companies and the people.'

A magistrate judge finds the clients' family failed to put forward 'legally sound' claims that JPMorgan breached any duties by putting an elderly couple into risky securities tied to oil and gas.

The lawyers representing the claimants in a recent FINRA arbitration case say they have scores of clients still seeking to secure pay they contend they're owed after departing for another firm.

The Wall Street giant is looking to fix its place in what's project to be a $10 trillion market by 2030.

Alison Nest says wealth managers can play a particularly useful role in helping investors navigate the intricacies of private equity, private credit and similar investments.

The award was the highest pro rata compensation for executives at the bank.

Paul Reilly is scheduled to hand the reins to his chief financial officer Paul Shoukry next year.