Wells Fargo sought $76,152 from a former broker, but in the end was ordered to pay the adviser more than 10 times that amount .
Lawsuit over '09 acquisition seeks injunction barring individuals from the securities industry.
Outgoing regional director Ron Sallet had talks with Dynasty, sources say.
Strong profits from asset fees and potential regulatory changes are keeping most wirehouse reps in their seats, as the firms have mostly maintained their adviser forces since the third quarter of 2011.<br><i>(Plus: <a href="http://www.investmentnews.com/article/20131031/FREE/131039980">Wall Street's pay gloom</a>)</i>
Morgan Stanley suffered $8.4B in client asset losses in the third quarter as big advisers split. The wirehouse says attrition is near record lows but some disagree.
To help advisers compete, executives announce rollout of update to VEO platform, intern network and a new retirement plan platform.
With investors of all asset levels attracted to self-directed trading platforms, advisers need to keep up with all the do-it-yourself online offerings because the DIY channel is mainstream.
A former Bank of America Merrill Lynch financial adviser was sentenced to 10 years in prison for running a Ponzi scheme that defrauded at least six investors of $2.7 million. Mason Braswell has the story.
In some cases, the failure to supervise rests with the adviser, not the firm, senior director says.
Focus hires $250 million team, on the heels of the departure of $550 million team to Raymond James.
As Morgan Stanley chief executive James Gorman sets a new profit margin target for the firm's wealth management unit, executives will be looking to advisers to capitalize on new opportunities, such as lending to high-net-worth clients, an area where the firm lags.
Margins continued to improve as profit jumped 64%.
With a year-end windfall of veteran advisers, the firm topped off a year of big gains. Check out how UBS stacks up against the other wirehouses.
Morgan Stanley will reduce payouts to low-performing experienced brokers, expand awards for hitting performance targets and enhance bonuses for increasing lending, according to details of the plan confirmed by <i>InvestmentNews</i>.
Veteran advisers Michael Bromberg and Daniel Gerschel join in New York.
Two reports show growing popularity of web-based personal finance startups and discount brokerage platforms in wake of 2008 crisis.
A broker who had a client invested in the private-equity shop that was acquiring Burger King was ordered to pay $5.6 million to settle insider trading charges related to the deal.
A new plan for Barclays advisers offers a more even ratio between salaries and bonuses. The payout grid remains in place, but it's not the same. <b><i>Plus:</b> <a href="http://www.investmentnews.com/gallery/20131119/FREE/111909999/PH">How adviser salaries stack up vs. other jobs</b></a></i>
The newly appointed head of the wirehouse is reorganizing the firm's top brass.
How much do wholesalers know about advisers? And what are they telling the competition?
