Merrill Trims Fees for Some Clients With Less Than $1M
The cuts could bring charges down to roughly 2.2% of assets, saving clients some $5,000 a year.
Triad Adds OSJ With 11 Reps, $5B in Assets: Recruiting Roundup
Meanwhile, Cambridge promotes executive; Echelon Partners taps ex-LPL M&A specialist, others for new roles.
Wells Fargo Fires Managers, Denies Bonuses in Account Probe
Bank doesn’t specify what prompted four managers’ termination; board may yet release more information, source says.
BofA Hikes CEO Moynihan’s Pay 25% as Citigroup Cuts Corbat's
Bank of America shares climbed most in bank index last year; Citi trims CEO's 2016 compensation 6.1% to $15.5 million.
FINRA Panel Says UBS Must Pay $9M to Puerto Rican Muni Investor
The arbitration ruling comes just one month after an $18 million ruling, with more decisions expected.
First Republic, FiNet Grab Reps From Rivals: Recruiting Roundup
A UBS advisor moves firms in SoCal, while two registered reps with LPL and Edward Jones join Wells Fargo Financial Network.
Morgan Stanley Taps New Chief Stock Strategist
The decision follows the departure of an executive to a hedge fund.
Morgan Stanley to Pay $8M Over Inverse ETFs
SEC says the wirehouse failed to get signed disclosure statements from several hundred clients who bought the "typically unsuitable" products.
Raymond James Adds $5M Morgan Stanley Team
The four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
New Digs for Morgan Stanley?
The wirehouse is reportedly looking to move its Times Square headquarters to 50 Hudson Yards, on the west side of Manhattan.