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Morgan Stanley rides wealth management train to solid first quarter

Chairman and CEO James Gorman expresses excitement about expanding into workplace plans with purchase of Solium.


For Merrill Lynch, emphasis on new clients and cross-selling paying off

The Thundering Herd is doing more business with new households.


Headcount at Wells Fargo Advisors continues to slide

Firm lost another 140 advisers in the first quarter, compared with 106 the previous quarter.


Will Merrill Lynch plan to add fresh advisers to offices be a boon — or a bust?

Referrals between newer and experienced advisers key to the hiring of 300 new advisers.


Principal to buy Wells Fargo retirement unit for $1.2 billion

Transaction is part of Wells' effort to streamline its operations in the wake of scandals.


Buffett urges Wells Fargo to look beyond Wall Street for CEO

The bank's biggest shareholder says hiring an executive from a financial institution would trigger criticism from Washington, Financial Times reports.


Wells Fargo CEO Tim Sloan steps down

Allen Parker, the bank's general counsel, will serve as interim CEO.


Regional firms provide an alternative to wirehouses

As big brokerages lose their competitive edge, regionals are offering a home to advisers who want to stay in the employee channel.


Wells Fargo taps company veteran as interim head of wealth management

Tim Traudt replaces Jay Welker at the start of next month.


Warren, Brown ask regulators to oust Wells Fargo CEO Sloan

The two senators call on the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau to remove Sloan from the bank's top job


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