The moves mark a reversal from firm's efforts to defer more pay to tie bankers to the firm and reduce immediate costs.
Independent advisers get a dose of inspiration as Tony Robbins continues to champion their cause
Firm's managed accounts can make greater use of products like bond mutual funds and ETFs over individual bonds in model portfolios.
Wirehouse settles class action claim the firm wrongly withheld incentive compensation from two former advisers who changed firms.
Brokers take a three-day training program on how to cater to those clients.
Strong market performance keeps most clients and advisers in place. Check out our <a href="http://data.investmentnews.com/aotm/" target="_blank">database</a> to see who's moving where.
Firm admits wrongdoing; broker accused of misusing confidential customer information to trade on Burger King acquisition.
Third-quarter earnings reports show that once again, wirehouses are driving revenue at the giant banks that own them.
Morgan Stanley's wealth management unit reaches CEO's 2015 profitability goal early with 22% profit margins in the third quarter
Companies must heed the gentle warnings being given to them by Finra and the SEC on complex investments.
Claims over the firm's Puerto Rican bond funds exceed $900 million, three times as much as in the first quarter, and plaintiffs' attorneys say the number will probably climb higher.
An elite private banking duo plans to take legal action accusing the wirehouse of wrongful termination last month, their attorney says.
Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.
Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. <i>See also: <a href="http://www.investmentnews.com/article/20141020/FREE/141029993/morgan-hires-long-time-merrill-broker" target="_blank">Merrill loses longtime broker to Morgan Stanley</a>)</i>
The firm's thundering herd climbed back to 14,000 in the third quarter after several quarters of steady declines.
This week's must-read stories for advisers include employment drama at LPL and Merrill, Bill Gross speaking out, and a renewed push for more women in advice.
Firm picks up father-son duo who previously brought in $3.5 million a year in revenue.
UBS is preventing some clients from investing in Pimco funds following the abrupt departure of Bill Gross, as well as increased scrutiny from influential investment researchers.
Wells Fargo Advisors continues to build on its recruiting momentum with the addition of a trio of former JPMorgan Chase & Co. private bankers.
Despite record revenue at UBS Wealth Management Americas, profits fell in the second quarter as the firm reported that it had to set aside $44M for litigation costs, mostly related to the firm's investments in Puerto Rico.
