The wirehouse has obviously noted its own lack of recruiting success this year, as well as the slowed attrition rates at its competitors that have exited the protocol.
News report claimed the board had talked to former Goldman exec Gary Cohn about the job.
Bank is struggling to cut spending amid regulatory fines and higher legal costs stemming from scandals.
A product design that's more palatable to brokers and a bigger roster of familiar carriers have raised the product profile for brokers.
Wirehouse continues to back away from linking non-solicitation agreements to adviser bonuses.
Michael Siva was one of seven people charged with securities fraud last year.
Latest problem for bank relates to whether employees improperly altered customer data.
Wirehouse cites client demand and a new regulatory environment in deciding to abandon its pioneering stance on commission IRAs.
Internal memo shows first stages of a $4 billion cost-cutting plan, but critics argue that blending the two divisions will be difficult.
Michael Kernicky and his two sons join the firm in Media, Pa.
Brokerage failed to tell investors about its own business interest in U.S. subsidiary of foreign bank
The wirehouse will penalize advisers if they cannot sell enhanced services to clients with smaller accounts.
The bank's stock had rallied in recent months after it announced a big increase in dividends and buybacks in June
Regulators are looking at the bank's purchases of low-income housing credits, according to a filing.
Harry Buchanan Smith and team joins firm in Charlotte, N.C.
Investigation focused on the creation and sale of loans contributing to the 2008 financial crisis.
While the number of deals is declining, the size of the average deal is growing.
Levy on overseas profits was aimed at tech and pharma companies, but quirks in the way it's calculated mean it's likely to hit big banks.
Wealth managers host workshops for the offspring of rich clients to build their brands with the next generation.
The wirehouse's plan stresses pay incentives at the individual client level, such as for financial planning activity and net new assets.
