Andrew Welsch

The nation's biggest brokerage firms took a beating last quarter.

The brokerage firm, which has been hit with millions in regulatory fines in recent years, lost another 91 FAs.

The proposal landed at the White House's Office of Budget and Management yesterday for one last review.

Depending on what is permissible under the Labor Department's forthcoming rule, "there will have to be adjustments on the part of the advisor and on the part of the firm," CEO Jim Cracchiolo says.

UBS executive Jason Chandler explains how a determined pitch landed him his first management position and a key mentor.

Naureen Hassan, who oversaw Charles Schwab's Intelligent Portfolios Service, will lead Morgan Stanley's strategy for digital tools and platforms.

J.P. Morgan Securities picked up an industry veteran, the latest U.S.-based advisor to depart from Credit Suisse.

After only two months in the role, Roth is being replaced by a restructuring specialist. RCS recently said it would file for bankruptcy.

CEO Paul Reilly said the fast growing firm's pretax income for its Private Client Group fell 25% year-over-year, and said market volatility was creating headwinds. Yet advisor ranks have climbed to record high.

CEO James Gorman unveiled a new cost cutting program that could shave off at least $1 billion in costs companywide by next year.

Merrill Lynch reported that fourth quarter revenue had fallen due to market impacts on both fee-based and transactional revenue.

The independent firm founded by several former wirehouse managers picked up two recruits who generated $1.5 million in annual production.

CEO John Taft warns that regulatory scrutiny will increase, but adds that the long-term goal a unified fiduciary standard of care will still benefit clients and advisors.

The number of financial advisors at Wells Fargo slipped below 15,000.

John Taft will be the latest head of a major brokerage firm to exit the business, following UBS' Bob McCann and Morgan Stanley's Greg Fleming.

After being burned by a now-barred advisor's $2 million Ponzi scheme, an ex-client is seeking redress from the advisor's former employer.

Another team departed Credit Suisse, this time for William Blair.

A yearly salary and a clear career path are some of the most vital ingredients necessary to attract and keep new entrants, according to a study by Fidelity.

The head of the wealth management business is stepping down, while Colm Kelleher has been named president of Morgan Stanley, according to memos sent to employees.

Four recruits moved between the boutique wealth managers, making them the latest Credit Suisse advisors to pass on an offer to join rival firm Wells Fargo.