In wirehouse-to-wirehouse move, brokers in Atlanta and suburban Cleveland jumped over the long weekend to Morgan Stanley, while Stifel landed a $1 billion-asset team in Fort Worth.
Head of Bank of America’s wealth unit credits carrots and sticks in new “growth grid” for rise in new accounts that drove record revenue and productivity.
Los Angeles advisor worked for more than 20 years with now-estranged husband who was dismissed by J.P. Morgan in September.
California woman says distribution of her late husband’s Silicon Valley-focused client book without compensation to him or his estate violates his employment contract and Family Medical Leave Act.
Firm allowed a small number of brokers to distribute Facebook, LinkedIn, Twitter and other offerings to immediate family members and customers who were brokers at other firms over eight years, Finra said.
“Special” award of 200 to 500 restricted shares will go to full- and part-time workers grossing $100,000 to $350,000, following cash gifts already paid to those earning less than $100,000.
Anthony Grosso, who spent much of his 36-year career soliciting Silicon Valley wealth, will focus on recruiting private wealth advisors to Greg Fleming’s newly capitalized family office.
Failure to follow up on suspicious emails and garnishment orders could have alerted firm to risks posed by broker who catered to pro athletes and who was later convicted of felonies.
After a 21-year brokerage career at Merrill and predecessor firms, the former Southwest division head will take early retirement, several sources said.