Merrill Lynch and two units of Wells Fargo have agreed to pay $60 million in combined penalties to settle Securities and ...

For its part, Raymond James recently welcomed a father-son advisor team from Wells Fargo to its independent advisor channel ...

Coming from Merrill Lynch, financial advisors David Towers and Jason Capron joined Wells' Private Client Group in Syracuse, New York. The team, known as the Towers Capron Group at Merrill, has $1.6 ...

Bitwise CIO Matt Hougan has said major financial institutions will soon start soliciting Bitcoin ETF investments from their clients. Hougan believes Bitcoin ETFs will see record ETFs this year.

In what may be viewed as a pre-emptive move, Morgan Stanley raised its advisory sweep interest rate from 0.01% to roughly 2% as of August 1, 2024—joining other firms aiming to ease regulatory tensions ...

Longtime Wall Street financial advisors Paul Carlson and Thomas Fautrel formed a private firm eight years ago just to serve ...

Only two out of nine firms included the total amount of money involved in revenue sharing — a practice critics say should be ...

Wells Fargo announced it attracted an advisor team from UBS with nearly $800 million in assets under management and about $6.7 million in trailing 12-month revenue.

Michael Wursthorn wrote about retail brokerages for The Wall Street Journal, including Morgan Stanley Wealth Management, Merrill Lynch, Wells Fargo Advisors and UBS Wealth Management Americas.

The outcome is a stark contrast to earlier cases involving Merrill Lynch and two Wells Fargo advisory affiliates. These firms agreed in January to pay a combined $60 million in civil penalties to ...