SEC Charges Ex-JPMorgan Advisor With Stealing $20M From Clients
Michael Oppenheim told clients he would buy them safe muni bonds but instead lost their money in "highly unprofitable" options trading, the SEC said.
BofA Misses Q1 Estimates; Wealth Profits Fall 11%
Merrill Lynch boosts its advisor force and faces higher compensation and related costs.
New Hire Roundup: Blundell Joins Northern Trust’s International Wealth Advisory Group
Meanwhile, Rick Golod is now chief global strategist at Behringer, and Marie Swift has joined the Wealthminder advisory board.
Merrill Rehires Branch Manager From Morgan Stanley
Michael Casey returns to the Thundering Herd after six years at rival wirehouses.
HighTower Adds $750M Team From Morgan Stanley
Meanwhile, Focus Financial brings in a $600 million group, and Merrill Lynch grabs a $160 million advisor.
Merrill Adds Janney Advisor, Ameriprise Picks Up 3 Reps
The advisors come on board the two firms in Pennsylvania, Texas, Florida and New York.
The Changing Face of Wealth Management
Wealth management now and in the future will be as different as the makeup of the (changing) wealthy. It will also be very similar.
Ex-NFL Star Sues BofA for $20M
Dwight Freeney, a former Colts and Chargers player, accuses the bank of getting him caught up in a con game.
The Robo-Advisor Battle Gets Personal
The public trash-talking among Schwab, Betterment and Wealthfront is entertaining, but I think our industry would be better served by a return to civil debate.
United Capital’s Duran: Wealth Management Is Dead. Long Live Life Management!
Wall Street is out of step with the public in promising to make people rich—when their real goal is to have rich lives.