Three years after Morgan Stanley and UBS left the Protocol for Broker Recruiting, advisors are wondering if, and when, Merrill Lynch will follow suit.
Wells Fargo's wealth division saw profits jump 157% compared with previous quarter in the throes of the pandemic, while Bank of America's Merrill Lynch and Private Bank units posted profits up 20% over the second quarter of the year.
Assets under management at BlackRock surged to a record $7.81 trillion in the third quarter, buoyed by a rising stock market and flows into all of its product lines. Retail clients added a net $19.6 billion to BlackRock funds in the period.
The UBS x Luminary Fellowship Program will be given to 55 candidates, and is aimed at assisting businesses that are owned and operated by women of color to help them withstand the pandemic's impact.
The additions will be in areas including financial advisers and customer service agents
Morgan Stanley's acquisition of asset manager Eaton Vance for $7 billion would allow the wirehouse's financial advisors to better customize and enhance their product offerings, according to industry analysts.
Don McDonald and Tom Cock, hosts of the 'Talking Real Money' podcast and co-founders of the RIA Vestory, will expand Apella’s West Coast footprint.
Following last week's closing of Schwab's TD Ameritrade acquisition, XYPN is looking to see if the custodian's actions match its words.
SkyView, the Minneapolis provider of bank financing to RIAs that also runs a list of firms for sale, added an investment bank Monday.
The free, virtual conference is scheduled for December and is open to Northwestern Mutual and outside attendees.