Raymond James invests in training, even as other firms cut back
DALLAS (Reuters) - At a time when some larger Wall Street firms are trimming training programs to cut costs, Raymond James Financial Inc is bulking up its plan to develop...
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Wall Street has fewer bolting brokers amid stronger markets
NEW YORK (Reuters) - Fewer Wall Street brokers appear to be jumping ship in 2013, as strong markets kept more teams in place in the first quarter, financial-services recruiters said...
After blasts, financial firms seek to reopen Boston offices on Tuesday
(Reuters) - Financial services firms like Wells Fargo and Loomis Sayles said they are hoping to re-open their Boston offices on Tuesday, but will also allow employees to work remotely...
As gold prices drop, U.S. shoppers, investors ponder options
NEW YORK (Reuters) - With gold prices at three-year lows, Scott Simon, whose family owns 18 pawn shops in Long Island and Queens, New York, is noticing a significant slowdown...
Raymond James introduces pay plan for hybrid advisers
(Reuters) - Raymond James Financial Inc plans to begin offering a pay plan that allows high-end financial advisers to manage money for a fee as well as collect commissions from...
Barclays’ Americas wealth management head steps down
NEW YORK (Reuters) - Mitch Cox, a former Merrill Lynch executive who Barclays Plc hired in 2009 to revive its Americas wealth business, has left the British bank, not long...
Dow Jones record may boost spending by wealthy; others still wary
NEW YORK (Reuters) - About an hour after the Dow Jones industrial average hit a record high on Tuesday, Overland Park, Kansas-based financial adviser Brad Stratton got an e-mail from...
Veteran Merrill Lynch broker jumps to Morgan Stanley
(Reuters) - A veteran Florida-based adviser from Bank of America Corp's Merrill Lynch has moved to rival brokerage Morgan Stanley Wealth Management, joining the firm's Miami office. Adviser Victor Camara,...
Whistleblower files federal lawsuit against Morgan Stanley, FINRA
NEW YORK (Reuters) - A former Morgan Stanley broker who tried to blow the whistle on what he called unethical sales practices, and was later ordered to pay $1.2 million...
UBS lands veteran broker duo from Morgan Stanley
(Reuters) - UBS AG's Wealth Management Americas has expanded its broker force in Rhode Island with a veteran team from rival brokerage Morgan Stanley Wealth Management. Advisers Jamie Hilton and...