Andrew Welsch

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."

Ameriprise lost several arbitration cases in attempt to claw back more than $800,000 in stock awards the firm gave to two former employees.

Jim Weddle, head of the firm, says the new regulation "will increase the public's trust and confidence in what we do for them."

Rep. Ann Wagner of Missouri called on Congress "to stop this ill-advised rule."

The timeline for implementation is extended, and proprietary products won’t be effectively banned.

Three former advisors at the wirehouse accuse Merrill of failing to provide them with adequate support to serve international clients.