Wells Fargo restructured its wealth management division on Wednesday, adding its asset management unit to the mix. Overall, the wealth business reported a 10 percent gain in profits during the third quarter, but shed over 160 advisors...
Persistently low interest rates and deflated markets led Merrill Lynch Wealth Management to a quarterly decline in revenue, even as the national brokerage firm added advisors...
The owner of tax preparation software TaxACT on Wednesday said it would purchase tax-centric broker/dealer HD Vest Financial Services for $580 million...
Private equity firm Hellman & Friedman is set to become a majority owner of Edelman Financial Services, although founder Ric Edelman will continue to hold the largest individual stake in the $15 billion advisory firm. ...
More advisors are looking to leave the wirehouses and brokerages by joining an existing registered investment advisory firm, rather than starting their own.
According to the latest research by Cerulli Associates, about 35 percent of advisors s...
A former financial advisor is suing Morgan Stanley, accusing the firm of racial discrimination and implementing arbitration policies that would, according to the suit, circumvent employees' civil rights...
LPL Financial LLC added another registered investment advisor to its hybrid broker-dealer platform, this time landing Palmetto Investment Consultants, a Rock Hill, S.C. firm with $135 million of assets under management...
UBS, branch manager and broker on the hook for improper sales of Puerto Rican closed-end funds.
