Wirehouse advisors

The nine-person team specializes in working with ultrahigh net worth clients, including private equity partners and company executives.

Morgan Stanley's wealth management inflows slow in third quarter

Merrill president and co-head Lindsay Hans said the firm is well-positioned for the "largest asset-gathering opportunity that FAs have seen in decades."

The leaders of the group specializing in serving high net worth families were seeking to run their business entirely on a fiduciary basis.

The Wall Street giant is staggering under its plan to shift back to serving primarily the ultrawealthy.

A new Cerulli report found that the 10 largest broker-dealers hold 58% of retail AUM, in the wake of rapid consolidation among the top 25 BDs.

CEO Charlie Scharf said the bank's troubled wealth unit had 'treaded water' for a while, but showed signs of recovery as client assets and fee income grew.

All eyes will be on the incoming veteran executive as the banking giant seeks to take advantage of expected growth in global wealth.

The banking giant also reported a whopping 36% increase in net income for its banking and wealth management unit.

The Wall Street giant is seeking to enforce contract clauses meant to keep former employees from working for rival firms or reaching out to clients for six months.