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

Spot Bitcoin exchange-traded funds have been among the most successful ETF launches in history. But they have also been operating with a handicap. Amid risk concerns, most banks have restricted ...

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 ...

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 ...

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

At Wells Fargo Advisors, Thomas Robinson joined the Private Client Group after departing UBS. With more than two decades in ...

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

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.

Merrill welcomes back an advisor who was last managing a $1 billion book of business at UBS. Meanwhile, Wells Fargo brings on another team from UBS and Focus Financial gives a pair of its top ...

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 ...