The bank's wealth management unit will use the name Merrill going forward.
Poaching a replacement from one of the bank's few peers would probably be costly.
Merrill embraces it, while Wells Fargo has moved away from the practice.
Brokers are rejecting a culture driven by leaders who lack ethics and who have never been advisers.
Bank was found guilty of helping French clients hide assets from tax authorities.
Fee-based advice is not perfect, but most clients prefer it over a commission-based option
New business is 'harder and harder' to bring in the door, says a senior executive.
The overconcentration of securities was not suitable for some clients, Virginia alleged.
The Wells Fargo Advisors website appears online, but customers report being unable to access funds.
Wirehouses continued to lose advisers last year, although at a slower pace.
Wells Fargo Advisors, LPL Financial and Cetera Financial Group are dangling deals.
Indie B-D recruited $27.3 billion in brokerage and advisory assets in 2018, at the same time the firm was experiencing big shake-ups in its operations.
The settlement with 50 states and the District of Columbia announced Friday resolves state investigations into Wells Fargo's practices from 2002 to 2017.
Finra's findings were largely surrounding legacy Morgan Stanley Smith Barney systems, staffing and processes relating to the surveillance of wire transfers, and the deposit and sale of low priced securities.
Finra suit charges Forte with churning the account of an elderly, mentally incompetent client
Recent moves at LPL Financial make it clear that the firm will target more brokers who now work at wirehouses.
Wirehouse joins handful of other firms seeking to prevent insurer from cutting off flow of adviser trails.
Securities and banking regulators are continuing to focus on anti-money laundering procedures and policies.
After a period of decline, the regional brokerage industry is scoring recruiting gains at the expense of wirehouses.
The ghost of Eva Weinberg's actions continue to haunt the wirehouse
