A former private wealth adviser for a unit of Lehman Brothers can keep a lucrative signing bonus he received from the firm three years before it collapsed, a securities arbitration panel has ruled.
A new study out of Schwab's IMPACT conference finds that investment advisors are expecting great growth ... along with a bombardment of competition.
Please don't try this at home.
A federal judge ordered a former Morgan Stanley financial advisor to return client information to the firm and prohibited him from soliciting his prior clients because he subverted the firm's ability to reach those clients.
Stock brokers who are lured to new firms with signing bonuses of at least $100,000 will be required to inform clients under a rule approved by the Financial Industry Regulatory Authority.
Bank of America agreed on Friday to pay $39m to women who worked in its Merrill Lynch brokerage operation, another costly settlement of a discrimination case filed by its employees.
Morgan Stanley set aside $3.66bn to pay employees at its investment-banking and trading division in the first half, 1.4% less than a year earlier.
Here's a look at who has been hiring / promoting this month so far.
Baird has announced that it has added seven veteran financial advisors, all of whom are legacy A.G. Edwards & Sons advisors who were most recently with Wells Fargo Advisors, to its Private Wealth Management business in Houston.
CEO James Gorman is a man with a plan.