Wirehouse http://wealthmanagement.com/taxonomy/term/39431/more en PIABA Slams Nine Brokerages, But Is Their Report Sound? http://wealthmanagement.com/legal/piaba-slams-nine-brokerages-their-report-sound <div class="node-body article-body">A group of attorneys claims nine major brokerages advertise that they put the investors’ first, but deny any such duty in arbitration cases. But some say their arguments are flawed. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/piaba-slams-nine-brokerages-their-report-sound" target="_blank">read more</a></p> http://wealthmanagement.com/legal/piaba-slams-nine-brokerages-their-report-sound#comments Legal Wirehouse Wed, 25 Mar 2015 21:40:00 +0000 822981 at http://wealthmanagement.com Morgan Stanley Nurtures New Brood of Bankers in CEO Succession Plan http://wealthmanagement.com/wirehouse/morgan-stanley-nurtures-new-brood-bankers-ceo-succession-plan <div class="node-body article-body">Morgan Stanley bid adieu to another senior executive who was thought to be on a list of potential successors to Chief Executive Officer James Gorman, but a new generation of CEO candidates is rising inside the bank.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/morgan-stanley-nurtures-new-brood-bankers-ceo-succession-plan" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/morgan-stanley-nurtures-new-brood-bankers-ceo-succession-plan#comments People Morgan Stanley Wirehouse Wed, 25 Mar 2015 13:03:00 +0000 822131 at http://wealthmanagement.com Copyright Stephen Chernin, Getty Images Wells Fargo to Allow More Advisors on Social Media http://wealthmanagement.com/client-relations/wells-fargo-allow-more-advisors-social-media <div class="node-body article-body">Wells Fargo Advisors will allow 1,000 of its advisors to use social media by the end of 2015 and 5,000 by the end of 2016, the St. Louis-based brokerage said. </div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> WFC </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/client-relations/wells-fargo-allow-more-advisors-social-media" target="_blank">read more</a></p> http://wealthmanagement.com/client-relations/wells-fargo-allow-more-advisors-social-media#comments Technology Client Relations Wirehouse Tue, 24 Mar 2015 15:00:00 +0000 821261 at http://wealthmanagement.com <p>Under the new program, Wells Fargo will enroll about 120 to 150 advisors a month from across the firm&rsquo;s banking, brokerage and independent broker/dealer channels.</p> Copyright Justin Sullivan, Getty Images Ruth Porat to Leave Morgan Stanley, Join Google as CFO http://wealthmanagement.com/people/ruth-porat-leave-morgan-stanley-join-google-cfo <div class="node-body article-body">Morgan Stanley Chief Financial Officer Ruth Porat has decided to leave the firm to take on a new role in Silicon Valley, according to an internal memo seen by Reuters.</div> <div class="field-stocksymbols"> <span>Stock Symbols:&nbsp;</span> MS </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/ruth-porat-leave-morgan-stanley-join-google-cfo" target="_blank">read more</a></p> http://wealthmanagement.com/people/ruth-porat-leave-morgan-stanley-join-google-cfo#comments People Wirehouse Tue, 24 Mar 2015 12:58:00 +0000 821541 at http://wealthmanagement.com <p>Ruth Porat has been <a href="http://9to5google.com/2015/03/24/google-cfo-ruth-porat-morgan-stanley/">named CFO at Google</a>.</p> Copyright Chip Somodevilla, Getty Images UBS Reshuffles Regional Directors http://wealthmanagement.com/wirehouse/ubs-reshuffles-regional-directors <div class="node-body article-body">UBS Wealth Management Americas internally promoted two complex directors to oversee financial advisors in the New York metropolitan area and southwest region. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/ubs-reshuffles-regional-directors" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/ubs-reshuffles-regional-directors#comments People Wirehouse Mon, 23 Mar 2015 21:05:00 +0000 821251 at http://wealthmanagement.com Merrill Lynch Fined $2.5 Million in Massachusetts http://wealthmanagement.com/legal/merrill-lynch-fined-25-million-massachusetts <div class="node-body article-body">Massachusetts' top securities regulator on Monday said that he has fined Bank of America's Merrill Lynch unit $2.5 million for failing to stick to its own compliance rules.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/merrill-lynch-fined-25-million-massachusetts" target="_blank">read more</a></p> http://wealthmanagement.com/legal/merrill-lynch-fined-25-million-massachusetts#comments Legal Wirehouse Mon, 23 Mar 2015 19:15:00 +0000 821161 at http://wealthmanagement.com Copyright Mario Tama, Getty Images Morgan Stanley Shuffles Wealth and Securities Executives - Memo http://wealthmanagement.com/wirehouse/morgan-stanley-shuffles-wealth-and-securities-executives-memo <div class="node-body article-body">Morgan Stanley has moved three executives into new roles in wealth management and institutional securities as part of its effort to get those two businesses to produce more revenue by collaborating, according to an internal memo viewed by Reuters.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/morgan-stanley-shuffles-wealth-and-securities-executives-memo" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/morgan-stanley-shuffles-wealth-and-securities-executives-memo#comments People Wirehouse Thu, 19 Mar 2015 17:40:00 +0000 818951 at http://wealthmanagement.com Copyright Spencer Platt, Getty Images Brokers Managing $850 Million In Assets Go To Morgan Stanley http://wealthmanagement.com/wirehouse/brokers-managing-850-million-assets-go-morgan-stanley <div class="node-body article-body">Three brokers who managed nearly $850 million in client assets at their prior firms jumped ship to join the biggest brokerage on Wall Street, Morgan Stanley, a Morgan spokeswoman said Monday.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/wirehouse/brokers-managing-850-million-assets-go-morgan-stanley" target="_blank">read more</a></p> http://wealthmanagement.com/wirehouse/brokers-managing-850-million-assets-go-morgan-stanley#comments People Wirehouse Mon, 16 Mar 2015 17:57:00 +0000 815361 at http://wealthmanagement.com Copyright Stephen Chernin, Getty Images Merrill Fund Sales Guru Thatch Joins American Funds http://wealthmanagement.com/people/merrill-fund-sales-guru-thatch-joins-american-funds <div class="node-body article-body">Peter Thatch, the chief liaison between Merrill Lynch Wealth Management and mutual fund companies and money managers who want access to its vast client network, has joined American Funds in Los Angeles, according to executives at both companies.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/merrill-fund-sales-guru-thatch-joins-american-funds" target="_blank">read more</a></p> http://wealthmanagement.com/people/merrill-fund-sales-guru-thatch-joins-american-funds#comments People Wirehouse Sat, 14 Mar 2015 01:00:00 +0000 814511 at http://wealthmanagement.com Merrill Lynch's Top Broker in Indiana Leaves Firm http://wealthmanagement.com/people/merrill-lynchs-top-broker-indiana-leaves-firm <div class="field-byline"> Reuters </div> <div class="node-body article-body">One of Bank of America Merrill Lynch's highest producing financial advisers in Indiana, Tom Buck, left the firm last week, according to a Bank of America spokesman.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/merrill-lynchs-top-broker-indiana-leaves-firm" target="_blank">read more</a></p> http://wealthmanagement.com/people/merrill-lynchs-top-broker-indiana-leaves-firm#comments People Wirehouse Tue, 10 Mar 2015 19:49:00 +0000 809121 at http://wealthmanagement.com Copyright Chris Hondros, Getty Images