Mike Abrams, a nationally ranked Silicon Valley-based wealth manager at Wells Fargo Advisors, was dismissed last week over “conduct” standards, according to a bank filing with regulators.
Finra fines broker-dealer for failing to supervise advisors who unsuitably recommended VA sales to fund purchases of mutual and UITs that would generate additional commissions.
For the second time in two weeks, a federal judge rejected a brokerage firm’s claim that it would suffer “irreparable harm” if former brokers are not prevented from soliciting former clients to move their accounts.
Trio with 106 years of experience left Wells Fargo for RayJay’s Alex. Brown UHNW division, while seven-person UBS team opens a Kansas City for Raymond James and Associates.
Wells seeks restraining order against brokers it accuses of pre-soliciting clients to follow them prior to their move last week to RBC Wealth Management.
Finra fines Wells Fargo Advisors for failing to review customer accounts of now-barred brokers who concentrated them in speculative energy stocks.
Merrill loses team in Denver managing more than $400 million to a UBS branch, and a solo practitioner with three decades of experience to Wells Fargo.
Wells Fargo & Co. has started its long-awaited job cuts, breaking with some of its top U.S. competitors that have resisted workforce reductions amid the coronavirus pandemic.
Stifel landed a three-broker team in Texas and has hired a “community markets” manager from Merrill in Colorado to help recruit in the state and oversee an office.
Three brokers who were overseeing about $375 million in client assets at Wells’ independent channel, are teaming up at Stratos, where they say they will have more marketing freedom and higher payouts.