Amid a legal barrage over its deferred pay policies, Morgan Stanley is reducing the portion of…
Tag: Industry News
UBS releases advisor comp policies for 2026
Breaking with tradition, UBS is unveiling its 2026 U.S. advisor compensation policies earlier than usual, hoping…
Raymond James sues to retrieve dead advisor’s laptop
Raymond James is taking the widower of one of its former advisors to court for not…
Citi CEO ‘comfortable’ with Sieg investigation outcome
Citi CEO Jane Fraser said she is “comfortable” with the findings of an internal probe into…
DOL takes Morgan Stanley’s side on advisor deferred comp
The Department of Labor has weighed in on Morgan Stanley’s side in a dispute over whether…
Why Raymond James is winning the Commonwealth advisor race
Raymond James’ recent run of recruiting Commonwealth Financial Network advisors has been accompanied by plenty of…
SER Summit tops record for Latino financial advisor event
The ranks of Latino clients and wealth management professionals are growing, if a conference this week…
UBS loses $1.6B advisor team to LPL Financial
UBS advisors keep heading to the exits following the firm’s recent compensation changes, with a prominent…
Matt Middleton on future proofing Future Proof
Now in its fourth year, Future Proof is larger than ever. This year’s event features five…
Citi’s Sieg takes to the airwaves in his own defense
Citi wealth head Andy Sieg took to the airwaves to deny accusations of workplace mistreatment; industry…
RIAs reach record profits with stagnant growth, study says
Registered investment advisory firms reached a record level of profitability and financial advisors notched new highs…
IBD Elite 2025: Fastest growing independent brokerages
In a year of substantial growth for the independent brokerage channel of wealth management, these 10…
RBC wealth revenue rises despite recruiting costs
RBC’s U.S. wealth management business saw a revenue bump in its latest quarter, thanks to a…
Arkadios pulls big teams from Merrill, Morgan Stanley
Advisors teams at Morgan Stanley and at Merrill in southern Alabama have left to start their…
Cit’s Sieg under outside legal investigation
Citi has enlisted a large outside law firm to help it conduct a human resources investigation…
IBD Elite 2025: Top firms for women financial advisors
Over her more than 20 years in the industry, financial advisor Nina O’Neal has seen wealth…
JPMorgan in court again over not stopping fraud
JPMorgan is again being hauled in court over allegations that it didn’t do enough to prevent…
JPMorgan must go before arb panel for fraud case
JPMorgan has lost an attempt to stop an 85-year-old widow from pursuing claims in arbitration that…
Advisors appeal judge’s order in Ameriprise-LPL dispute
A recruiting dispute between LPL Financial and Ameriprise is moving into appellate court as advisors formally…
Wall Street’s dividend tax dodge arrives in fixed-income ETFs
A pair of new bond exchange-traded funds is making it easier than ever for investors to…
IBD Elite 2025: The 15 largest independent brokerages
The largest independent brokerages reaped the benefits of rising asset values and consolidation last year. Those…
IBD Elite 2025: How independent wealth firms use AI
The extent to which independent financial advisors are using artificial intelligence is only starting to catch…