News Roundup (677)
$2.5B Minority Stake in Osaic Is Reportedly Up for Sale
- Thursday, 07 December 2023
- News Roundup
- Written by PFA News
Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth management firm network Osaic, previously known as Advisor Group, according to sources with knowledge of the situation. So reports Bloomberg.
Read more...UBS Joins List of Firms Advising NFL Players Union
- Thursday, 07 December 2023
- News Roundup
- Written by PFA News
The NFL Players Association has approved UBS to work with current and former players through the union’s registered financial advisor program. So reports InvestmentNews.
Read more...Ex-Wells Fargo CEO Sues Bank Over $34M in Pay
- Thursday, 07 December 2023
- News Roundup
- Written by PFA News
Former Wells Fargo CEO Tim Sloan has sued the bank, claiming it withheld more than $34 million in compensation following his 2019 retirement. So reports the Charlotte Observer.
Read more...Alleged Shooter of Vermont Palestinian Students An Ex-FA
- Thursday, 07 December 2023
- News Roundup
- Written by PFA News
Jason Eaton, who prosecutors accuse of shooting three students of Palestinian descent in Burlington, Vermont, has worked as a financial advisor. So reports USA Today.
Read more...Edward Jones Takes Step Toward Giving Advisors Discretion
- Thursday, 30 November 2023
- News Roundup
- Written by PFA News
For the first time, Edward D. Jones & Co. has opened the door on allowing its financial advisors’ discretion over client assets. So reports AdvisorHub.
Read more...UBS Lands Merrill Lynch Team with $700M in Assets
- Thursday, 30 November 2023
- News Roundup
- Written by PFA News
UBS Wealth Management USA has brought on another advisory team previously affiliated with Merrill Lynch. So reports InvestmentNews.
Read more...Merrill Lynch Headcount Ticks Up Despite BofA Cuts
- Friday, 27 October 2023
- News Roundup
- Written by PFA News
Merrill Lynch Wealth Management has announced that its headcount edged higher in the third quarter in the face of job cuts at parent company Bank of America. So reports WealthManagement.com.
Read more...Morgan Stanley Wins Order Against $5M Breakaway Team
- Friday, 27 October 2023
- News Roundup
- Written by PFA News
Morgan Stanley has secured a temporary restraining order against a breakaway team in Vero Beach, Florida, that produced almost $5 million in annual revenue. So reports AdvisorHub.
Read more...Ex-Raymond James Exec Sues Over Sexual Harassment
- Friday, 27 October 2023
- News Roundup
- Written by PFA News
A former Raymond James executive has sued the firm, claiming she was wrongfully terminated in retaliation for filing an Equal Employment Opportunity Commission complaint alleging sexual harassment and discrimination. So reports ThinkAdvisor.
Read more...FAs Could See Bounce in Charitable Giving: BofA
- Saturday, 14 October 2023
- News Roundup
- Written by PFA News
While a smaller share of wealthy American households gave to charity last year than in 2020, when donations soared, the well-off are still giving more than they did before the pandemic, Bank of America says. So reports Marketplace.
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