News
Merrill Recruits Citi Private Banker in SF, Loses Teams to Janney, Sanctuary
Merrill Lynch hired a team said to be managing $17 billion in client assets at Citi but on the same day lost a $1.35 billion-asset Maryland team to Janney and a $350 million-asset Connecticut team to independence
First Republic Hires $4.6-Mln Morgan Stanley Team in NYC
Eight-person team had been overseeing around $500 million in client assets, according to a person familiar with their move.
Morgan Stanley Joins Bank Bond Bonanza With Three-Part Sale
Morgan Stanley is joining its peers in issuing bonds after earnings, adding to a record borrowing spree for Wall Street’s biggest banks.
Morning Brief: Retail Frenzy Adds $10 Billion to Betterment’s AUM
Top stories from around the web.
This Week’s Top 5: Merrill Targets Seasoned Brokers in Key Markets, J.P. Morgan Advisors Replaces CEO, and More
Most-read stories from April 11 to April 17.
Focus Financial Cuts Exec Comp, CEO Pay Falls 16.6%
CEO Rudy Adolf’s total compensation package was valued at nearly $5.7 million in 2020, down from $6.8 million the previous year.
Morgan Stanley Net New Assets Hit Record $105 Billion in First Quarter
Net new assets rose 43% from the prior quarter and 185% from a year ago thanks to new self-directed and workplace clients and asset aggregation by traditional brokers.
Rockefeller Lures $2.2-Million Merrill Team in Michigan
The four-person Low Group in the Detroit suburb of Bloomfield Hills, Mich., left Merrill on Friday
Morgan Stanley Burned by $911 Million Hit on Archegos Blowup
Morgan Stanley surprised investors with a $911 million loss tied to the collapse of Archegos Capital Management, staining what was otherwise a record quarter for revenue and profit.
Morning Brief: Robinhood Sues after Massachusetts Revokes B-D License
Top stories from around the web.
UBS Hires $3-Million J.P. Morgan Advisors Duo in NYC
Manhattan-based brokers Matthew Hoffman and Scott Rappaport, who managed a $1.4 billion book at J.P. Morgan, moved a block north on Park Avenue to UBS.
