Bruce Kelly

Just weeks after losing one executive vice president, Osaic Inc. is watching another leave, with the firm confirming Monday afternoon that Kristen

Paul V. Morris worked at multiple firms across Wall Street and most recently in Manhattan for Merrill Lynch.

For decades, LPL Financial Holdings Inc. has remained mostly in the shadows when it comes to broad marketing and advertising its brand, a rapidly

UBS Group joins the long list of financial advice and wealth management firms that have eliminated staff positions, cutting several hundred

“Wall Street is building dynamite and charging clients a fortune when they buy it,” one executive said.

Demand for digital assets from retail investors and their advisors is likely to keep increasing.

“BCRED is a huge fund, so thousands of people must have been trying to sell their shares,” said one industry executive.

It is the latest in a series of stunning and multi-million dollar FINRA arbitration awards that Wall Street firms have lost in the past few years.

“The father even shared office space with the son and used a Medallion Guarantee stamp on the client’s account statements,” an attorney said.

“AI is clearly having an impact on the level of staff firms need to operate,” a recruiter said. “The other issue hurting jobs is consolidation."