Andrew Welsch

Net income and client assets grew even as the firms' headcount continued its steady decline.

The moves are intended to boost the firm's capital markets abilities in a changing interest rate environment.

The elite brokerage unit picked up three veteran advisers, On Wall Street reports exclusively.

A team joined the wirehouse from Wells Fargo Private Bank.

The boutique wealth management firm picked up three industry veterans from two smaller rivals.

The wirehouse aims to grow its adviser ranks in a potential bid to surpass its larger rival Morgan Stanley, according to Andy Sieg, head of Merrill Lynch.

One brokerage executive likens the situation to changing the rules of a football game after the teams are already on the field.

The firm's latest hire is an industry veteran of more than two decades.

The firm's latest hire has nearly three decades of industry experience.

The Labor Department will now conduct a review with an eye toward amending or rescinding it.