The world's biggest wealth manager is looking to extend that dominance in the planet's largest wealth market – after it settles its unfinished business with Credit Suisse.
The Wall Street giant is reportedly sweetening its recruitment packages for top-gun professionals as it continues to navigate a yearslong compliance cleanup.
The iconic Wall Street leader will assume the role as the search continues for the global entertainment titan's next chief executive.
“Advisors from the banks are coming to Wells Fargo to find out more," says one well-placed source.
He joins the firm's private wealth division in South Florida as the newest addition to a $7.2B advisory team.
“There was also cash moving off the sidelines,” one Merrill executive noted.
Wells Fargo Advisors management stresses stability, while recruiter says it appears "faucet of advisors leaving has turned into a drip."
The BofA wealth unit's latest additions in Texas and New York reportedly oversee $950M in client assets combined
The wirehouse's latest addition in Manchester, New Hampshire arrives with more than two decades of industry experience.
The US Senator pressed regulators to place growth restrictions on the Wall Street giant, citing repeated failures in its compliance and risk management.
The firm's latest string of hires from Morgan Stanley and Wells Fargo, expand its profile in the California and Miami markets.
The six-advisor team led by two brothers widens Wells Fargo Advisors' high-net-worth Private Client Group in New York City.
Bank of America Private Bank is boosting its ultra-high-net-worth presence in Atlanta, Georgia and the broader Southeastern region with its latest addition.
The firm has reportedly named two executives to align the two units in a bid to grow assets and land deal opportunities.
The firm's latest wealth management hire in the Pacific Northwest comes with 10 years of experience
The five-person group is led by three financial advisors from Morgan Stanley with more than half a century of collective experience.
The Wall Street bank's latest additions to its independent advisor channel, FiNet, in Illinois bring more than 40 years of collective experience.
The two elite advisors, including a 30-year industry veteran, extend the firm's reach in Illinois and North Carolina.
A growing gap between clients' use of traditional deposit accounts and wealth management services hints at an untapped opportunity.
A class-action suit filed against the Wall Street bank is just the latest in a raft of cases alleging too-low interest rates offered to clients.
