Andrew Welsch

The advisers are also balking at the firm's insistence that former advisers seeking to claim comp go through its dispute resolution process instead of FINRA.

The firm's newest recruits generated $3.5 million in annual revenue.

Wealth managers report being divided on whether to allocate more client funds to global or domestic stocks.

The wirehouse terminated the broker two days after losing a $34 million arbitration case brought by the client's widow, who alleged elder abuse and other misconduct.

The acquisition hungry firm added nearly 800 independent and employee advisers over the previous year.

The two veteran wirehouse advisers joined Wells Fargo's independent broker-dealer.

Stung by a 16% year-over-year decline in transaction-based revenue, the wirehouse looks to loans, bank products and a contingent of former Credit Suisse advisers for a bounce back.

Michael Armstrong, who has been serving as Global Head of Wealth Management at Jefferies, will take over as CEO of RBC's wealth management business.

The debate has spread far beyond planners and regulators, suggesting to some that public consciousness, and widespread change, might be on the rise.

Mark Immel had been awarded $450,000 in arbitration but faced further legal battles.

Seeing "great bargains," advisors have been upping client allocations to equities.

Hiring and acquisition misfires can set you back. Here's what RIA leaders say you can do to avoid their mistakes.

Cost controls helped the firm boost revenue.

Raymond James CEO Paul Reilly says firms face higher compliance costs under the rule.

Client assets also rose 3% at the fast-growing firm, which reported quarterly earnings on Wednesday.

Expanded scope for litigation is a cause for concern among wealth management firms, experts say.

The new recruits joined the firm from Morgan Stanley, where they previously generated almost $1 million in annual revenue, according to Raymond James.

The deal also brings $4 billion in client assets under administration and management, according to a spokeswoman.

Edward Jones and Raymond James, among others, are steering clear.

Management blamed falling profits on weak markets and "muted client activity."