Boston Private Bank, a subsidiary of Boston Private Financial Holdings, on Wednesday acquired Florida-based Banyan Partners in a $60 million cash and stock deal...

Early markets at almost 100 percent adoption of new Merrill Lynch One platform

Litigation expenses totaling $4 billion dragged down Bank of America’s profits by 43 percent during the second quarter, while the wealth management sector also reported lackluster profits...

Wells Fargo’s Wealth, Brokerage and Retirement division reported a $544 million profit in the second quarter, up 25 percent from the $434 million reported in June 2013, and up 15 percent sequentially. Chief Financial Officer John Shrewsberry...

Independent broker/dealer LPL Financial is expanding its foothold in the retirement plan consulting space, with a new deal to recruit the advisors from San Rafael, Calif.-based Financial Telesis, which has about 400 FAs. Bill Chetney is leaving...

How Brian Hamburger became the man behind the curtain in almost every major breakaway deal and helped define the industry

CEO Antoniades: Acquisition has 'liberating effect' on broker/dealers

New report suggests the b/d business may be bottoming out and firm registrations are moving into positive territory

Nearly 37 percent of independent b/d reps agreed or strongly agreed that fees are becoming a bigger problem.