RBC to Buy City National, Boost U.S. Wealth Operations
The U.S. operations of the Canadian bank currently include about 2,000 reps and $280 billion in assets.
Morgan Stanley Misses Earnings Target; Gorman Highlights Wealth Results
Financial advisors at Morgan Stanley are "on a path" to achieve higher profits, the CEO says.
JPMorgan Profits Drop in Q4; Wells Fargo Sees Modest Improvement
One bank is hit by continued legal costs, while the other has loan and deposit growth.
Morgan Stanley Picks Up Ex-Merrill Institutional Team in Chicago
Raymond James adds independent RIA group, while HighTower brings on a former UBS group.
Morgan Stanley Said to Uncover Theft After Ad Sought Speedcoins for Data
Data on 900 wealth management clients was posted on Pastebin, which led the wirehouse to investigate the case.
Morgan Stanley Fires Employee Accused of Stealing Client Data
Morgan Stanley fired an employee it said stole data, including account numbers, for as many as 350,000 wealth management clients.
UBS Reps to See Bigger Wealth Bonuses
The 7,000 reps are set to receive more fees and commissions tied to insurance, lending and planning work.
LinkedIn Yields Next-Gen Wealth Transfer Clients
Advisors are using LinkedIn to successfully reach younger wealth-management clients, says the National Bank of Canada and Hootsuite.
Morgan Stanley Courts Athletes, Singers With New Wealth Unit
The wirehouse targets top entertainers with about 70 financial advisors.
Morgan Stanley Payouts in ’15: Will a Boost in Deferred Comp Hurt Reps?
Industry experts are divided on the impact of this pay shift on advisor retention and recruiting.