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Merrill loses $3.3 billion private banking team
A group of advisers formerly in Merrill Lynch's elite private banking and investment group have left the firm to start an independent wealth-management practice.Corient Capital Partners, based in Newport Beach, Calif., was founded by advisers Chris Copps, Gordon Hassenplug, Darren Henderson,
At Edward Jones, it's still one person, one office
As more and more firms push their advisers to form teams to better serve investors, one big name is bucking the trend. Edward Jones, founded in 1922 around a model of staffing one adviser per branch office, has no intention of changing its ways, according to John Rahal, a principal in charge of
UBS scoops up $1.3 billion Merrill private banking team
In its latest recruiting win, UBS Wealth Management Americas has nabbed a team of three advisers who managed some $1.3 billion in assets for Bank of America Merrill Lynch's elite Private Banking and Investment Group. The trio, which includes advisers Melissa Corrado-Harrison, Greg Richardson and
Wells Fargo lands two Morgan Stanley teams with $1 billion combined
Round of late summer hires includes $700 million team and $300 million team.
Adviser's Consultant: Hiring the best employees requires teamwork
Sabrina Lowell of Mosaic Financial Partners describes how to avoid a bad hire.
How a weekend client raid blew up and a brokerage battle went public
Arbitration case alleges that Oppenheimer & Co. stepped beyond the bounds of propriety in mounting a client raid on Peter Schiff's Euro Pacific over a three-day weekend this summer.
Merrill fires back at $870 million defectors
Firm wins a temporary restraining order against four advisers accused of sabotaging the wirehouse when they jumped to UBS.
Fired $2.5 billion Merrill adviser finds home at Wells Fargo
Marc D. Lowe, who was terminated over alleged “inappropriate workplace behavior,” joins Wells' employee channel.
Which adviser designations yield the highest pay?
Advisers with this credential averaged at least 20% more compensation last year than those without it, an InvestmentNews survey shows. (See also: Independent advisers' growth is slowing)
Voya takes on bigger rivals with new RIA channel
New platform will let the firm offer affiliation options like those at larger broker-dealers such as LPL and Raymond James.
Wirehouse recruiting numbers must be more transparent
Only when we see the facts behind the aggregate numbers can we learn what is really happening at these firms.
Adviser's Consultant: What it takes to retain women advisers
Brittain Prigge of Balentine shares her firm's success in cultivating a staff in which female advisers make up the majority.
UBS scoops up $950M Morgan Stanley team
Team of four had $5.6 million in production; hire is latest in string of big recruits.
UBS signs up advisers with $870 million AUM from Merrill Lynch
After picking up a $2 billion Morgan Stanley team earlier this month, UBS Wealth Management Americas maintained its recruiting momentum by signing four advisers from rival wirehouse Bank of America Merrill Lynch.
$3 billion RIA Summit Trail reels in $500 million Barclays team
In another blow to Stifel Financial, two former Barclays advisers with $500 million in assets are joining former colleagues at the $3 billion RIA Summit Trail, which was founded last month.