Mason Braswell

Mason Braswell writes about all things related to wirehouses and registered investment advisers for InvestmentNews. Since graduating from New York University in 2012, he has been covering the business of financial advice. In his spare time, Mason can be found wandering the street of New York City with his camera. Follow him on Twitter @masonbraswell for updates on wirehouses, RIAs and regulatory issues facing the industry.

Mason Braswell
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Expenses take toll on Merrill Lynch's Q4 earnings
NEWS WIREHOUSES JAN 20, 2015
Expenses take toll on Merrill Lynch's Q4 earnings

Bank of America Merrill Lynch took a hit in the fourth quarter due to rising expenses and lower interest income, though CEO Brian Moynihan offered a vote of confidence that brokerage chief John Thiel is managing expenses well.

NEWS RIAS JAN 16, 2015
LPL picks up $520 million hybrid firm from Wells Fargo

Goss Wealth Management switched firms as it hopes to build out a 'wirehouse lite” in the Gulf South region

Oppenheimer to pay $20M for penny stock violations
YOUR PRACTICE PRACTICE MANAGEMENT JAN 15, 2015
Oppenheimer to pay $20M for penny stock violations

Broker-dealer to pay $20 million over a failure to prevent suspicious penny stock trading and pump-and-dump schemes.

Morgan Stanley nabs $6.5B Merrill Lynch private wealth team
YOUR PRACTICE PRACTICE MANAGEMENT JAN 15, 2015
Morgan Stanley nabs $6.5B Merrill Lynch private wealth team

Three elite advisers with Merrill Lynch's Private Banking and Investment Group jumped to Morgan on Friday.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 15, 2015
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.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 14, 2015
Wells Fargo tweaks deferred comp, pay on stock trades

Advisers could earn more deferred pay, but minimum ticket size for payout on equity trades upped to $125.

NEWS RIAS JAN 14, 2015
Wells Fargo eyes acquisitions as profits rise

Coming off a 41% rise in quarterly profits in its wealth unit, Wells Fargo could be interested in an acquisition. Mason Braswell reports.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 12, 2015
Morgan sets sights on Schwab's financial consultants

In battle to recruit affordable talent and assets, Morgan Stanley risks legal fallout to pursue discount broker's advisers.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 12, 2015
Ex-Credit Suisse brokers sued over alleged theft of client data

Two advisers who had $3.5 million in production took confidential information when they moved to J.P. Morgan Securities, suit alleges.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 12, 2015
Wirehouses warm to bank channel recruits

Wirehouses are now focusing on a new market segment in their talent searches: bank channel recruits. Why the change in sentiment for advisers once considered too risky?