Andrew Welsch

One of the new hires has more than five decades of industry experience.

The advisor had been with Wells Fargo for only two years, having previously worked at Credit Suisse.

Critics say SEC efforts to regulate advisor titles could produce a game of whack-a-mole, as non-fiduciary financial professionals adopt other terms intended to blur lines.

FPA leaders say they are sounding out members and looking at where the proposals may fall short of needed investor protections.

Gender discrimination and sexual harassment still occurs in a profession whose history includes scandals such as Smith Barney's boom-boom room.

The firm also reported record revenue and pre-tax income for the recent quarter.

An FPA conference's keynote session began with Tai chi and classical music.

Our annual analysis of starting payouts for wirehouse, regional and national brokerage firms.

Our annual analysis of starting payouts for wirehouse, regional and national brokerage firms.

The regulator's proposal is set to remake compliance standards for brokers and advisors.

The wirehouse recently reported advisor headcount shrank by 258 advisors year-over-year.

The firm also opened a new office in Lancaster, Pennsylvania.

The hiring plans coincide with the firm's rollout of its digital advice offering, UBS Advice Advantage, which is offered through its call center.

Timothy Scheve will complete the term of John Thiel, the former head of Merrill Lynch, who left FINRA's board earlier this year.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

The brokerage ranks shrank by 258 from the year-ago period.

"If our profession truly cares about the well-being of our clients to the extent that the profession professes, then we need to swing this pendulum in the other direction," Elwyn says.

Collaboration is key to the effort since there “is no competitive advantage to be the only firm engaged in data protection."

The firm pulled in 11 new advisors in the first quarter of 2018, building on the 65 brokers hired last year.

The advisor, a former employee, has been soliciting more than two dozen clients at the bank, JPMorgan says.