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Morgan Stanley shuffles Greg Fleming's role in surprise move
In a surprise move, the president of Morgan Stanley's wealth management and investment management divisions now will oversee only wealth management.
Morgan Stanley hit with racial discrimination suit
As part of her claim, ex-broker alleges the wirehouse's recent move toward mandatory arbitration is an attempt to prohibit employees from publicly challenging unfair practices.
SEC, Finra fine UBS $34 million over Puerto Rico funds
Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud
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,
Wells Fargo Advisors chief: Clients expect a more digital experience
Clients are looking for a more digital experience in an increasingly digital world, but the advice industry hasn't kept pace with the times, according to Mary Mack, president and head of Wells Fargo Advisors.
Breaking away for the wrong reason
Regulators are concerned that brokers are jumping into the RIA channel to take advantage of a lax regulatory climate.
Reining in expungements
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
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.
Former Morgan Stanley adviser in data hack case pleads guilty
Free on $200,000 bond, Galen Marsh faces as long as five years in prison when he's sentenced Dec. 7
American Funds making inroads with fee-based advisers
In its sales turnaround, third largest U.S. fund company relies on retention of existing advisers and lower-cost share classes.
Merrill loses $800 million private banking team
Two advisers from the elite unit broke away to start their own RIA in Texas.
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.
J.P. Morgan loses advisers with a combined $7 billion in client assets
Wells Fargo Advisors picks up a Florida adviser with nearly $2 billion and UBS snags a four-person team in New York.