All News & Articles
Latest advisor moves, industry news, and analysis from Advisor News Network
Don't Underestimate UBS's Latest Field Leadership Hire
UBS has recruited Rick Penafiel, a longtime J.P. Morgan Wealth Management executive, to serve as market executive for a newly created South Florida division encompassing key markets in Miami, Aventura, Fort Lauderdale, Boca Raton, and Palm Beach. Penafiel, who is still waiting out his notice period, will arrive with three decades of industry experience and a loyal following of advisors. His impact should be felt almost immediately, given his reputation and ability to build strong relationships with advisors and prospective hires.
Morgan Stanley Poaches $1.5B JPM Team in Manhattan
Morgan Stanley landed TruCore Advisors, a J.P. Morgan Securities team overseeing approximately $1.5 billion in client assets, at its Midtown Manhattan Wealth Management Center.
Rockefeller Global Family Office Adds Morgan Stanley's Graves Group in New York
Rockefeller Global Family Office continued its recruiting streak Friday, landing a Morgan Stanley team managing $500 million in assets in New York City.
How a $642 Super Bowl Platter Turned Into a $4.25M Problem for J.P. Morgan
A FINRA arbitration panel ordered J.P. Morgan Securities to pay former broker Brent Bodner more than $4.25 million after he alleged the firm wrongfully terminated him over a $642 Super Bowl sandwich platter.
The State of Affairs at UBS Wealth Management: A Franchise at an Inflection Point
UBS Wealth Management U.S. is in the midst of a major transition. New leadership is pushing for a reset that has already created disruption but is beginning to reveal a clearer long-term strategy, including aggressive recruiting deals and a national bank charter.
Why It's So Hard to Stand Out Inside a Big Firm - And Why It Matters
One of the least talked about realities of working at a large wirehouse is this: It's incredibly difficult to differentiate yourself. Not because advisors lack talent - but because the system isn't designed for it.
FINRA Poised to Deliver Relief from Burdensome Outside Business Rules
FINRA's proposal to revise its outside business activity rule is in its final stages now awaiting approval from the SEC. If the new rule passes, this will provide welcome relief for brokers who have found themselves caught up in FINRA's enforcement process over seemingly innocuous outside work.
Why Breakaways Are Ditching Their FINRA Licenses
The migration from broker-dealer models to independent RIAs has been well-documented, but in a newer twist, many of those advisors are choosing to relinquish their FINRA license as part of the move.
ChatGPT's Personal Finance Preview: A Double-Edged Sword for Clients and Advisors Alike
OpenAI has rolled out a preview of a new personal finance experience in ChatGPT, allowing users to connect bank, brokerage, and investment accounts via Plaid. For financial advisors, this marks a pivotal moment in the AI-consumer finance convergence.
Rockefeller Lands Billion-Dollar Morgan Stanley Team in Florida as Talent War Intensifies
Rockefeller Capital Management's wealth management division has added a Florida-based advisory group, Coplin Wealth Partners, overseeing roughly $1 billion in client assets from Morgan Stanley, underscoring the intensifying competition for top wirehouse talent in one of the country's fastest-growing wealth markets.
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