Andrew Welsch

"At least 50% of our assets are three generations or more," explains Bob White of HighTower.

Two factors drove Morgan Stanley's Nick Kavallieratos to the top of On Wall Street's 40 Under 40 list earlier this this year.

A judge issued a ruling after intensely scrutinizing advisors' emails and text messages to clients.

They made the move in part because of the marketing and research resources the firm offers, says new hire Todd Kissel.

The new hire comes after the wirehouse said it would cut back on recruiting.

Adviser headcount continued a slow, but steady decline, slipping to 6,915 from 7,116 for the year-ago period.

"This is a challenging time for the firm with the DoL rule," CEO Paul Reilly said.

The Swiss wirehouse hit the founding partners of an $8 billion firm with a lawsuit.

The Labor Department is receiving a deluge of feedback from advisers and investors on whether to revise its controversial regulation.

Social Security numbers and portfolio information for some high-net-worth clients and advisors was provided inadvertently as part of a lawsuit.

Stan Leavitt said he was drawn to the regional firm for its culture and financial planning capabilities.

The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.

The new complex manager will oversee 43 advisers at the regional brokerage.

The firm also said it has benefited from low attrition and its training program.

The advisers previously worked at RBC Wealth Management, with one of them making the firm’s Chairman’s Council.

This is the second time Jefferies has poached Miami-based adviser talent from the wirehouse.

Depending on business mix, some advisers could see a pay cut.

The firm's headcount has steadily declined since the bogus account scandal came to light last year.

"With 15,000 financial advisors, it's hard to change financial planning software. It's hard to change the day-to-day stuff," adviser Jim Denholm III says.

The deciding factor might be ruthlessness.