Three advisers managing $565 million at Merrill Lynch in Bloomington, Minnesota, have moved to RBC Wealth Management and its Wayzata, Minnesota branch, which is outside Minneapolis. The three advisers are Mark L. Johnson, who has nearly 30 years of experience ...

Recognizing the growing popularity of model portfolios among financial advisers, Capital Group and Vanguard Group have partnered to offer 10 active-passive strategies for Morgan Stanley’s platform. The models, which are two-thirds allocated to Capital Group’s actively managed American Funds strategies ...

With the bulk of Merrill Lynch financial advisers on their way to their best years ever producing revenues, management has yet again adopted an outlook on compensation and pay that could be summed up with the saying, “If it ain’t ...

The financial advice industry, with roughly 320,000 brokers and advisers selling and recommending products, is desperate to appear more diverse. The call to diversity is all around the industry. There are more women adviser conferences than you can shake a ...

Stephen P. McGovern, who managed $800 million at Merrill Lynch in Stuart, Florida, has moved to RBC Wealth Management. Moving with him are his two assistants, Donna M. Childress and Melanie Rivera. McGovern joined Merrill Lynch in 2009 after 12 ...

Matthew T. Leone, Kevin M. Heck and Emily Barbe, who managed $890 million at Merrill Lynch in New York City, have joined UBS. Also making the move in midtown Manhattan are the team’s three client associates. All three advisers had ...

After calling a timeout on training due to Covid-19, Merrill Lynch & Co. Inc. is ramping up its new adviser development program that launched in June with 750 advisers, and hiring is underway. The program, called ADP internally at Merrill ...

First Republic Bank, a destination for wirehouse advisers moving to a different employer in recent years, saw a slowdown in recruiting in the third quarter, nabbing just one team for the three months ending in September. In the first two ...

Bank of America Corp. is offering $200 awards to Merrill Lynch Wealth Management branch employees who return to the workplace and confirm they’re fully vaccinated against Covid-19. The company will give the award to client associates, administrative support and operations ...

Twenty-one financial advisers managing more than $3.1 billion joined Janney Montgomery Scott during the third quarter, with most of the new arrivals coming from Truist, Wells Fargo Advisors and Merrill Lynch. Two teams and two solo advisers joined from Truist, ...