Andrew Welsch

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.

J.P. Morgan Securities agreed to pay $4 million to settle the charges, according to authorities.

Former chief executive Paul Purcell will stay on as chairman of Baird.

On Wall Street unveils the biggest producers under age 40 at the super regional and regional broker-dealers.

See which advisors topped this year's list of the biggest producers under age 40.

See which advisors topped this year's list of the biggest producers under age 40.

A former wirehouse advisor has been building a new firm from the ground up.

The SEC says an advisor with Wells Fargo's FiNet used client funds to help inflate the price of several stocks.

The fast-growing financial firm acquired an RIA and pulled over a wirehouse team.

More than two dozen teams managing $1 billion or more in client assets switched firms this year. See where they landed.

The two wirehouses are taking different approaches in their comp plans for next year, with one aiming to herd its more senior advisors away from smaller accounts.