Merrill Lynch is the latest investment firm to reach a settlement with regulators over the messy Jay Peak ski resort visa fraud scheme, agreeing to a settlement in two parts Thursday: one for $4 million with the Jay Peak receiver ...

This article is one in a series of outlooks for 2022 by the InvestmentNews team. The fight for — and over — financial advisers in 2022 will be vicious and costly. Financial advisers are going to want to continue to ...

Executives at Wells Fargo Advisors are rolling out the firm’s 2022 compensation plan for its 12,552 financial advisers and registered reps this week, in what they hope will be viewed as a simpler and potentially more lucrative plan than in ...

As the pandemic enters its third year and everyday life takes on some semblance of normalcy, the InvestmentNews team looks back at the most interesting industry developments of 2021. Wall Street and its array of outposts from Phoenix to Austin ...

Raymond James announced Monday that the Clauss & Ellison Group, a team of three advisers that had managed $670 million in assets at Merrill Lynch, has joined its employee advisor channel. The group, which is based in Greenville, South Carolina, ...

Colton Etherton was determined to carve out a unique niche for his Beaverton, Oregon-based financial planning practice, Out of the Office Planning, but it took a leap of faith before he convinced himself he could build a business focusing on ...

Two advisers managing $189 million at Truist in Dalton, Georgia, and a trio managing $119 million at Merrill Lynch in Fayetteville, Georgia, have joined the employee unit of Raymond James. Joel Theis and Zach Theis were formerly at Truist. Joining ...

Francine Payson and Tarek Salhab, who managed $215 million at Merrill Lynch in Fort Myers, Florida, have joined the employee unit of Raymond James. The two were joined in the move by client service associates Gail Siebenmorgen and Lynda Demarco. ...

As the grip of the Big Four wirehouses — Merrill Lynch, Morgan Stanley, UBS and Wells Fargo Advisors — on financial advisers has lessened over the past 10 years or so, one of the main arteries for attracting new financial ...

A Merrill Lynch team managing $216 million has moved to the employee unit of Raymond James in Manalapan, New Jersey. Gus Fingado, a 37-year veteran of Merrill Lynch, and Matthew Walter, who has 32 years of experience as an adviser ...