JPMorgan has snapped up a Merrill Lynch advisor team producing $10 million in annual revenue from $28 billion in assets, the hiring firm announced Friday.

The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Federal Housing Finance Agency want to introduce mandatory clawbacks on some incentives in a bid to make ...

AlTi Global, which is expanding rapidly across the U.S. wealth management market, announced late yesterday its second multibillion-dollar acquisition in the past six weeks. The New York–based wealth ...

Cobb joined the financial services industry in 1996, registering as a broker and investment advisor with Merrill Lynch in Spartanburg, South Carolina, according to BrokerCheck and the SEC's Investment ...

Wells Fargo has scored its third clawback victory in less than two months, recovering more than $1.1 million in damages against a financial advisor who was discharged in 2022 while under internal ...

"Our strategy at Raymond James, especially within the financial institutions division, is we aren't trying to be the biggest," Stephen Kruchten, head of the firm's Financial Institutions Division, ...

Wealthspire has signed an agreement to purchase Walden Wealth Partners, a firm founded in 2015, led by Karin Maloney Stifler and Sarah Hannibal, and overseeing about $420 million under management, ...

DeVoe & Co. said it believes 2024 deal activity is set to surpass last year's. Deal activity in the registered investment advisor space has picked up momentum in the last quarter of 2023 into the ...

Hightower's crypto position is the largest so far reported by an RIA firm, according to WealthManagement.com, which adds that the $68,347,000 invested in spot Bitcoin ETFs represents about 0.1% of ...

Wealth Enhancement Group announced that it has expanded its presence in California with the acquisition of San Diego–based hybrid registered investment advisory firm The Retirement Group. The ...

The Financial Industry Regulatory Authority says it has censured New York broker-dealer Oppenheimer & Co. and fined it $500,000 over alleged failures supervising its staff placing trades with mutual ...

A former financial advisor in Maryland is heading to prison for three and a half years for eviscerating the life savings of an elderly client over the course of 16 years. Eddy Ray Blizzard, of Havre ...