Morgan Stanley Tightens Its Overseas Client Service
The wirehouse says 400 U.S.-based reps will be allowed to serve international clients with at least $500,000 in assets.
Fidelity National Agrees to Buy SunGard for $9.1 Billion
The deal combines a banking and payment firm with a software maker, while pushing Fidelity into the wealth space.
BofA’s Biggest Reshuffling Since Krawcheck’s Exit Keeps Getting Bigger
Days after CFO's high-profile resignation, general counsel Gary Lynch seen as likely to leave his post; wealth chief David Darnell recently announced plans to retire.
Credit Suisse to Shrink Investment Bank, Focus on Wealthy
Regulatory issues continue to plague some of the bank's operations, CEO Thiam says.
Raymond James, Ameriprise Beat Estimates on Strong Advisor Results
Raymond James boosts private client revenue 9%, while Ameriprise improves wealth profits 13%.
Morgan Stanley Q2 Wealth Profits Up 20% as Advisor Headcount Falls
CEO Gorman said the advisor recruiting environment was "pretty stable" and that the firm was unlikely to pursue an acquisition.
Wells Fargo Profits Flat, but Wealth Unit Jumps
The wealth unit’s Q2 results had an 11% rise in profits on higher asset-based fees.
Merrill Adds $750M Ex-Barclays Group in Houston
The group was part of Lehman Brothers until 2008.
Stifel Agrees to Buy Barclays’ U.S. Wealth Management Unit
The deal should add some 180 advisors to the company, which recently bought Sterne Agee.
Focus Financial Obtains $1B for Growth
The credit facility is available to all Focus firms and will fund programs to support efforts to go independent and plan for succession.