Andrew Welsch

According to a survey of these elite leaders, wealth managers are leaving for more intimate work environments, and more will be making a move.

Wealth management firms are fighting negative perceptions to recruit college students and other millennials to the business.

The generation gap may not be as wide when it comes to young recruits and their elder counterparts.

The industry takes on the challenge of mentoring young recruits by focusing on the senior wealth managers who guide them.

A group with $4 million in production moved between the wirehouses, saying it wanted access to the banking and lending capabilities at Bank of America.

Independent advisors are bucking the broader trend and going to work for wirehouses and regional firms, ditching managerial tasks for simplicity and payoff.

Two veterans left the wirehouse this week for different firms, including Janney Montgomery Scott.

Authorities allege that two self-proclaimed "licensed retirement strategists" made false claims in order to resell $4.3 million in life insurance policies to clients.

Four advisors made the move between the wirehouses.

Two advisors left the wirehouse where they generated more than $1.1 million in annual revenues.

Morgan Stanley led the wirehouses on profitability during the first quarter, even as advisor headcount declined.

Two advisors that produced $2.15 million in annual revenue joined Raymond James Financial Services, the firm's independent broker-dealer.

The head of UBS' Client Advisory Group Bob Mulholland is set to retire, and will be replaced by fellow executive Brian Hull according to an internal UBS memo.

Two other groups that managed more than $300 million also move to the wirehouse.

A strong dollar and difficulties finding value have pushed advisors to look overseas.

Profits fell 1% at the wirehouse's Americas wealth management unit this past quarter, as advisor headcount continued to slide.

The trio collectively supervised about 200 advisors who oversaw more than $17 billion in client assets for UBS and Wells Fargo.

This year's elite leaders, nominated by their staffs and selected by a panel of judges, reveal their strategies for helping advisors and boosting AUM.

Management is pushing advisors in new directions, implementing more behavioral bonuses and restricting payouts on small household accounts.

Two wirehouse advisors who oversaw $140 million in assets joined the super regional's employee advisory ranks.