Wells Fargo
Wells Loses Teams Managing $796 Million to RayJay, Ameriprise
Quasi-independent team in Richmond with some $2.7 million of production joins RayJay’s “AdvisorSelect” channel, while 21-year Wells complex director in Omaha brings team to Ameriprise employee channel.
Wells Duo Managing $500 Million Forms RIA in San Francisco
After 24 years at wirehouses, Fritz Glasser and his business partner Meghan Railey say they learned to “understand new wealth” but now want to give their clients sourced largely from startup tech companies the “benefits of unbiased advice.”
Why I Left That Firm: Brokers Use Videos to Explain Move to Clients
Heads of $450-million Merrill team and $340-million Wells Advisors team explain their motivations in frank messages to former clients about their new and old firms.
At Wells Fargo, Executives Push for Interim CEO to Keep Job
While Wells Fargo & Co.’s board looks far and wide for the bank’s next leader, some of the company’s most senior insiders have an alternative proposal: Why not keep the interim chief?
Morgan Stanley Lures Back Michigan Manager, Loses Six Advisors
Wirehouse hires veteran Mark Feiler to run Bloomfield Hills, confirms recent broker departures in Texas, New Jersey, Pennsylvania, Illinois and Florida.
Wells Teams in Texas, North Carolina, Washington Go Independent
Dallas team shifts to firm affiliated with Raymond James, Greensboro group joins broker-dealer Woodbury and $650-million AUM team in Seattle stutter-steps to Wells’ RIA channel.
Wells Fargo Advisors Shrinks Regional Management Structure
n effort to remove “unintentional silos” that slow down decisions for 12,000 private client group and bank-based brokers and affect client experience, Wells Advisors cuts regions to 14 from 21.
Morgan Stanley Loses $10.8 Mln Group in Texas, Three More Boca Teams
A Morgan Stanley team in Houston managing $6 billion left to form an independent advisory firm on Friday, the same day a branch in Boca Raton lost three advisors collectively producing $2.8 million to Wells Fargo.
Wells Fargo’s Interim CEO Faces Hecklers’ Shouts of ‘Frauds’
C. Allen Parker was interrupted more than a dozen times during Wells Fargo & Co.’s annual meeting by activists who called executives “frauds” and “criminals” and demanded the interim chief executive officer turn the scandal-plagued bank around.
Wells Fargo’s Annual Meeting ‘Less Relevant’ Amid Search for CEO
Wells Fargo & Co.’s top managers and board members are set to face investors Tuesday, and the conspicuous absence of a CEO has damped expectations that the bank will say anything new about how to emerge from the shadow of customer-abuse scandals or revive a lagging stock price.
Merrill and Morgan Stanley Brokers Shift to Stifel, RayJay and Wells’ FiNet
Merrill loses three “next-gen” advisors under the age of 40, while six brokers at Morgan Stanley and Merrill go independent.
