Jed Horowitz

SEC probes Schwab, Merrill, for anti-money laundering violations, sources say

August 25, 2021 at 5:11 a.m.

U.S. regulators are investigating Charles Schwab Corp. and Bank of America Corp.'s Merrill Lynch brokerage over whether they are doing enough to learn about their clients' identities, sources said, the...

Jefferies names ex-MStanley banker Armstrong to run wealth unit: sources

August 25, 2021 at 5:00 a.m.

NEW YORK (Reuters) - Jefferies Group has hired Michael Armstrong, a former head of private wealth management at Morgan Stanley, to run its small wealth-management group, according to several industry...

Morgan Stanley picks new leader for sales to the very wealthy

August 25, 2021 at 4:59 a.m.

NEW YORK (Reuters) - Morgan Stanley on Wednesday named Eric Benedict, an 18-year veteran of the brokerage firm, to run its U.S. private wealth management business for clients with $20...

UBS sets new cost target in U.S. wealth business

August 25, 2021 at 4:39 a.m.

NEW YORK (Reuters) - UBS AG has set tighter expense control targets for its Americas wealth management business, Switzerland's biggest bank said Tuesday as it reported a 7 percent rise...

TD Ameritrade 2nd quarter profit up 35 pct on net new assets

November 4, 2021 at 1:40 a.m.

NEW YORK (Reuters) - TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 million on record revenue...

TD Ameritrade 2nd quarter profit up 35 pct on net new assets

December 23, 2018 at 11:32 p.m.

NEW YORK (Reuters) - TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 million on record revenue...

Wells ignited first-quarter brokerage profit with managed account sales

August 25, 2021 at 3:56 a.m.

NEW YORK (Reuters) - Strong sales of fee-based managed investment accounts by Wells Fargo & Co. brokers fueled a 41 percent jump in net income in the bank's "Wealth, Brokerage...

New Morgan Stanley brokerage sales chief reorganizes leadership

August 25, 2021 at 3:48 a.m.

NEW YORK (Reuters) - Six weeks after being named to lead Morgan Stanley's brokerage force of more than 16,000 financial advisers, managing director Shelley O'Connor has streamlined the sales organization...

Rich North Americans abandon asset advisers at faster pace: study

August 25, 2021 at 3:46 a.m.

NEW YORK (Reuters) - Despite a surging stock market that made North American brokers and their clients wealthier in 2013, investors left their brokers at a higher rate than in...

Broker’s insider-trading woes may hurt Morgan Stanley, Oppenheimer

November 4, 2021 at 1:34 a.m.

NEW YORK (Reuters) - Vladimir Eydelman, the former Morgan Stanley and Oppenheimer Holdings broker arrested on insider trading charges last week, could expose some former clients and the firms to...

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