Raymond James Grabs $1M Rep From Morgan Stanley in Miami
Meanwhile, Lebenthal Wealth adds a manager and a branch in Michigan.
Time for Broker Crackdown as Abuses Cost Retirement Savers Billions: Obama Aide
A leaked White House memo estimates the cost to 401(k) savers of broker practices like excessive trading and calls for tighter rules.
ECB's Draghi Commits to Trillion-Euro QE Plan to Fight Deflation
“This is a very important first step and a necessary step,” Morgan Stanley CEO James Gorman said.
New Hire Roundup: CFP Board Names Richard Rojeck Chairman
Meanwhile, Incapital named John DesPrez III CEO, Rene Chaze became COO of Edelman Financial and Morgan Stanley named two commodities chiefs.
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.
An Investor-Friendly Way to Switch Broker-Dealers
Advisors can use some creative techniques when telling clients why they changed broker-dealers or custodians. Start with your new firm's financials.
Raymond James Adds $1.1M UBS Rep, Ex-RBC Team
Meanwhile, Focus Financial affiliate adds an advisor with some $200 million in assets.
8 Oddest Enforcement Cases of 2014
Office equipment trafficking, a broker who gave client money to charity and more offbeat cases from the SEC and other regulators.
FINRA Enforcement: Monex Fined for Letting Unregistered Reps Advise Clients in Mexico
Meanwhile, Merrill was fined $300,000 for supervisory failures.