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What would former baseball star Alex Rodriguez do with $100,000? “I would keep it in T-bills right now.”

The banking and trading group is expected to shoulder many of the reductions. Morgan Stanley employs about 82,000 people.

Daniel Murphy and his team left Wells Fargo to establish Great Lakes Private Wealth with capital, resources and technology support from Summit.

Schwab-backed Dynasty is now offering M&A advice and financial support to firms outside its network.

First Republic’s private wealth-management platform will become part of JPMorgan Advisors, which JPMorgan inherited from Bear Stearns when it bought that firm in 2008.

Errors in a software update to MoneyGuidePro and a Tamarac outage got advisors talking and tweeting.

The veteran executive will work to consolidate, standardize and scale the West Coast RIA.

JPMorgan acquired about $173 billion of First Republic’s loans, $30 billion of securities and $92 billion in deposits.

USI adds to its retirement and investment advisory business with actuarial and benefits consultant H&H.

The Cynosure Group's plans to build an RIA for wealthy clients got a fortuitous boost in the wake of Silicon Valley Bank’s downfall, even as its chairman has come under scrutiny for his role in the collapse.