Updated Thursday, December 18, 2014 as of 6:07 PM ET
Ex-N.Y. Yankees: Our Advisors Stole Millions
An attorney for Jorge Posada and Jose Contreras says ballplayers were "victims of fraud, taken advantage of at every turn."
More in Wirehouses
Regulators penalized both the independent and employee channels of Wells Fargo for failing to properly screen over 200,000 customer accounts. more »
Raymond James' independent broker dealer lured away two advisors producing $1.85 million from Morgan Stanley. more »
Wells Fargo Advisors is increasing several advisor bonus awards, while its core payout grid will remain unchanged next year. more »
Raymond James recruited advisors with about $2 billion in combined assets, including a Merrill Lynch team with $535 million in AUM. Meanwhile, UBS hired a $2.5 million producer and Wells Fargo grabbed a team managing more than $400 million in assets. more »
An advisor joined BB&T Scott & Stringfellow to become the firm's latest wirehouse recruit. more »
With nearly 16,000 firms managing $2.4 trillion in assets, Cerulli predicts the RIA industry will capture 28% of retail investor assets by 2018. more »
The wirehouse named former football pro and advisor William Thomas to head the firm's San Francisco complex. more »
UBS advisors with growing practices may earn more money in 2015. more »
An advisor managing $181 million in assets left Morgan Stanley for the Swiss firm. more »
Merrill Lynch compensation remains mostly the same next year, with some tweaks to smaller accounts. more »
Mega teams spend months, sometimes years, in the effort to find a new home and transition their oversized books. more »
This year saw a number of mega teams with outsized AUMs switching firms. Here are the biggest recruiting moves of 2014. more »
The wirehouse brought over five advisors from UBS and Citi Personal Wealth Management. more »
The December Issue is now online!


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