Since June, the firm has snatched nearly $1.4 billion in assets from rival wirehouse, according to moves tracked by <i>InvestmentNews.</i>
In the wake of acquisitions, only about 25% of advisers were “very satisfied” with buying another adviser's book of business, according to a new survey.
Linda Fienberg departs the regulator after putting in place several modifications to its dispute resolution forum over her 18-year tenure.
Some high-level executives depart as firm restructures its managed-account unit, and streamlines products and services staff.
Aegis Capital is accused of facilitating an alleged penny stock scheme that generated $24.5 million in profits for clients and $1.1 million in commissions for the firm.
Blake Richards misappropriated $1.7 million from at least seven investors, some of whom were elderly, according to the SEC's charges.
Three advisers join as partners and will operate as HighTower Fort Myers.
Securities-based loans and mortgages helped drive profit margins up to a record 21%.
Financial advisers conditioned to expect average loans of six figures as competition keeps firms ponying up for top talent.
UBS' plans to cut 75 sales assistants comes as firms including Morgan Stanley target new profit margin goals for next year.
