The brokerage has recruited a team from UBS, with $650 million in AUM, and one from Merrill Lynch, with $220 million, this week.

According to FINRA, Merrill Lynch failed to properly supervise its thundering herd so that clients received sales charge waivers and fee rebates, impacting 13,000 accounts.

“It’s a different company than the one I left," says Timothy O’Connor, who's joining Ameriprise's independent advisor channel.

Morgan Stanley will offer a full suite of wealth management services to its existing Canadian corporate stock plan customers.

The new rewards program is being rolled out to in-house clients with a minimum of $250,000, not the firm's RIA custody business.

Tom Buck, who is serving 40 months in a federal correctional facility for securities fraud, claims that his age and medical history make him especially susceptible to the novel coronavirus.

Sanctuary Wealth has completed its acquisition of Northview Asset Management and will use it to create a new division, the Advisor Solutions Group.

Even as the number of advisors jumping channels has slowed during the pandemic, it has not stopped independent channels from continuing to attract the most net new advisors, according to new data.

Advisor head count at the big firms continued to erode, and the expected flight to cash, zero interest rates and slowdown in economic activity cut into assets under management.

A checklist of responsibilities.