Merrill Lynch

Finance gurus see the coming 12 months as a time to dilute concentrations in cash and large firms' stock and consider emerging markets and small caps.

The plaintiff in the class-action suit notes that returns at rival institutions rose when inflation started driving prices up last year. Her rates did not.

Organizational changes come amid the firm's growing wealth management ambitions.

Despite recruiting efforts, firms have struggled to bring in new blood, making retention more important than ever.

The nine-person team specializes in working with ultrahigh net worth clients, including private equity partners and company executives.

Merrill president and co-head Lindsay Hans said the firm is well-positioned for the "largest asset-gathering opportunity that FAs have seen in decades."

A former mentor who already made the move to Janney Montgomery Scott says the Market Street Advisors group will find both freedom and support.

The move comes as the Swiss banking giant continues to push its wealth management ambitions in the U.S.

Advisors and brokers rarely put up fights when a former employer comes for loan paybacks as successes are few and far between.

A staff member in the firm's fraud investigations group found reporting failures dating back to 2009.