Industry

Morgan Stanley’s wealth management client assets were nearly $4 trillion at the end of the fourth quarter 2020, up 48% year over year, according to an earnings report.

Advisors Michael Brown and Brian Flynn have left Magnus and teamed up with practice management coach Penny Phillips to create Journey Strategic Wealth, a new spin on the aggregator model.

Commonwealth’s new Business Consulting Services will provide dedicated transition support for advisors leaving the wirehouses to go independent.

The charges against Michael and David Sztrom were filed late last week and are one of two complaints against advisors related to a California-based RIA.

The Salvino family has launched Performance Wealth, a registered investment advisor with $2.2 billion in client assets.

Merrill advisors made tail winds with deposits, client balances, assets under management and private banking loans.

Witnessing the insurrection at the Capitol, financial advisor Rianka Dorsainvil couldn't just return to normal. "There's nothing normal or usual about any of this."

With last week's violence at the Capitol and this week's presidential inauguration weighing on Americans' minds, advisors must consider if and how politics should arise in conversations with investors.

Wells Fargo's advisor head count was down 6% year over year, while average advisor productivity crossed $1 million.

Here are the breakaways, mergers and acquisitions announced the week of Jan. 11, 2021.