Merrill Lands $1.4B Ex-Morgan Stanley Team, Advisor
Meanwhile, LPL-affiliated Stratos Wealth recruits a former Morgan Stanley team and an ex-Wells Fargo rep.
HD Vest Improves Tax Tool for Advisors
Even advisors who don't do tax returns are using the tool to facilitate conversation with clients, HD Vest's Scott Rawlins says.
Advisor Headcount Falls 5 Years in a Row: Cerulli
While total numbers fell, RIA and hybrid channels added advisors and are expected to keep growing over the next five years, the research firm says.
UBS Cites FA Recruitment Pay for Q4’s Profit Drop in Americas
Average advisor fees and commissions went up, though, topping Merrill’s for the quarter.
Raymond James Backtracks on Chargebacks
The firm will cover the cost of mutual fund fee rebates to retirees and charities, rather than having advisors do so.
Ex-Broker Charged With Stealing $1M From Retired Doctor, Wife
The former UBS broker persuaded a retired pediatrician and his wife to invest $1 million in a purported fund, New York Attorney General Schneiderman says.
Raymond James Nabs $2.6M Ex-RBC Team
In addition, a former Merrill Lynch rep affiliates with LPL Financial, and Baird adds an ex-UBS team.
3 Alt Investments That Deserve an Oscar: Morningstar
These three alternative fund categories are on track for compelling — but not necessarily uplifting — performances this year, analyst Josh Charlson says.
Merrill Clear Adds Client Travel Service, Boosts Training
The firm adds travel services for clients and longevity training for advisors.
Wells Fargo Advisors Names New Compliance Chief
Jim McHale used to head compliance at E*Trade and served as counsel to SIFMA.