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Merrill Lynch loses two advisers with combined $2.1 billion in California
One goes to Stifel, the other to UBS. Both had ties to Merrill's elite private banking and investment group that serves ultra-wealthy clients.
Morgan Stanley courts athletes, entertainers with new wealth unit
Brokers take a three-day training program on how to cater to those clients.
Wells Fargo settles bonus squabble for $7.4M
Wirehouse settles class action claim the firm wrongly withheld incentive compensation from two former advisers who changed firms.
Wells Fargo nets $972M JPMorgan team
Wells Fargo Advisors continues to build on its recruiting momentum with the addition of a trio of former JPMorgan Chase & Co. private bankers.
Morgan Stanley seeking female and millennial advisers and clients: Fleming
President of Morgan Stanley's wealth management unit discusses how these demographics will shape the future of wealth and the work force.
Brokerage firms and mutual fund companies need better training for complex products
Companies must heed the gentle warnings being given to them by Finra and the SEC on complex investments.
Brokers warned to beef up training on complex products
Regulators alarmed at lack of knowledge brokers demonstrate about the products they're selling.
UBS facing nearly $1 billion in Puerto Rico claims
Claims over the firm's Puerto Rican bond funds exceed $900 million, three times as much as in the first quarter, and plaintiffs' attorneys say the number will probably climb higher.
$2.5 billion adviser duo fired by Merrill Lynch lands at Stifel
A team of elite advisers who was fired last month by Bank of America Merrill Lynch over private securities transactions has found a new home. (Plus: The team plans to fight back.)
Morgan hires longtime Merrill broker
Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.
Merrill snags $500 million team from UBS
Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. See also: Merrill loses longtime broker to Morgan Stanley)
Morgan Stanley hits profitability goal with fewer advisers
Morgan Stanley's wealth management unit reaches CEO's 2015 profitability goal early with 22% profit margins in the third quarter
Wealth management a growing force in bank fortunes
Third-quarter earnings reports show that once again, wirehouses are driving revenue at the giant banks that own them.
Altered docs land former Wells compliance officer in hot water
Judy Wolf, formerly with Wells Fargo, allegedly attempted to make it appear she adequately reviewed a broker later charged with insider trading. Plus, see 5 compliance lessons from recent SEC cases
Merrill stabilizes head count, boosts productivity
The firm's thundering herd climbed back to 14,000 in the third quarter after several quarters of steady declines.