Wirehouses

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  1. Articles

    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.

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    Morgan Stanley courts athletes, entertainers with new wealth unit

    Brokers take a three-day training program on how to cater to those clients.

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    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.

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    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.

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    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.

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    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.

  5. Articles

    Brokers warned to beef up training on complex products

    Regulators alarmed at lack of knowledge brokers demonstrate about the products they're selling.

  6. Articles

    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.

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    $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.)

  8. Articles

    Morgan hires longtime Merrill broker

    Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.

  9. Articles

    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)

  10. Articles

    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

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    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.

  12. Articles

    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

  13. Articles

    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.