Andrew Welsch

In the latest in a series of cases, an arbitration panel has sided with a client against UBS, ordering the wirehouse to pay nearly $1.5 million in damages related to UBS' sale of Puerto Rican bonds and closed-end funds.

It's never easy to talk to strangers, but establishing a swift rapport with prospective clients is vital for building your business. Advisors share their best tips for getting these conversations underway.

Janney Montgomery Scott hired six advisors, moving the firm closer to its goal of 50 new recruits this year.

Raymond James lost another advisor to Wells Fargo’s IBD, while several Morgan Stanley advisors made the jump to independence.

The wirehouse lost a veteran advisor who generated $1.5 million in annual revenue.

The departure comes two months after Deutsche Bank agreed to sell its U.S. Private Client Services unit to Raymond James.

The brokerage firm adjusted its comp plan for advisors in its employee channel, reflecting similar measures taken by Merrill Lynch.

The advisors left Credit Suisse, passing on an offer to join rival firm Wells Fargo.

The fund was purportedly a safe investment based on a computer algorithm. In fact, clients dumped millions of dollars into a fund, which later lost 80% of its value in a single month, authorities say.

It was the first major executive shake-up at the wirehouse since President Greg Fleming quit.

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.