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The generation gap may not be as wide when it comes to young recruits and their elder counterparts.
The industry takes on the challenge of mentoring young recruits by focusing on the senior wealth managers who guide them.
A group with $4 million in production moved between the wirehouses, saying it wanted access to the banking and lending capabilities at Bank of America.
Independent advisors are bucking the broader trend and going to work for wirehouses and regional firms, ditching managerial tasks for simplicity and payoff.
Two veterans left the wirehouse this week for different firms, including Janney Montgomery Scott.
Authorities allege that two self-proclaimed "licensed retirement strategists" made false claims in order to resell $4.3 million in life insurance policies to clients.
Four advisors made the move between the wirehouses.
Morgan Stanley led the wirehouses on profitability during the first quarter, even as advisor headcount declined.
Two advisors left the wirehouse where they generated more than $1.1 million in annual revenues.
Two advisors that produced $2.15 million in annual revenue joined Raymond James Financial Services, the firm's independent broker-dealer.
The head of UBS' Client Advisory Group Bob Mulholland is set to retire, and will be replaced by fellow executive Brian Hull according to an internal UBS memo.
Profits fell 1% at the wirehouse's Americas wealth management unit this past quarter, as advisor headcount continued to slide.
Two other groups that managed more than $300 million also move to the wirehouse.
The trio collectively supervised about 200 advisors who oversaw more than $17 billion in client assets for UBS and Wells Fargo.
This year's elite leaders, nominated by their staffs and selected by a panel of judges, reveal their strategies for helping advisors and boosting AUM.
A strong dollar and difficulties finding value have pushed advisors to look overseas.
Two wirehouse advisors who oversaw $140 million in assets joined the super regional's employee advisory ranks.
LPL's net income dropped 4.6%, as the firm recorded $11 million in regulatory and legal bill for the first quarter.
Using insights from behavioral finance, advisors can better help clients answer the question: What do you really want your money to do?
Asking the right questions early on, especially when a client runs a business, can avoid headaches down the road, says James Bergeron of Nuveen Investments.