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November 9, 2018

Merrill Lynch Doesn’t Share My Idea of a Client-First Approach as Closely as RBC
A caravan of advisors has migrated to this Canadian bank.
Wells Fargo to Combine Private Bank and Ultra High Net Worth Units
The new entity will be run by someone yet to be named.
Best Interest = Fiduciary: Final Reg BI Rule Must Spell This Out, Says Watchdog Advisory Committee
The broker-dealer and investment advisory business models can remain distinct even under a uniform fiduciary standard, the committee says.
Wells Fargo Ends Investigation into Alleged Gender Bias in WM Unit
After a months-long investigation, the company apparently found no evidence of gender bias.
Former Merrill Lynch FA Charged Over Alleged $4.4 Million Fraud
Advisor could face up to 25 years in prison if convicted.
Credit Suisse Ordered to Pay Ex-Broker Close to $1 Million
The former Credit Suisse broker left for rival UBS in 2015.
Goldman Sachs Appoints New Regional Head of Wealth Management
Rob Barlick is replacing Greg Ferrero.
Midterm Elections' Outcomes Leave Financial Advisors Mostly Happy
Advisors look forward to more “constructive legislation.”
RIA Channel Tops Growth in Managed Assets and FA Ranks
In 2017, RIA assets grew 20.4% and RIA advisor numbers increased by 4.8%.