Andrew Welsch

The regulator proposes new rules to protect aging clients.

The firm's digital advice service, to be piloted in early 2017, is a bid to give RIAs unprecedented scale.

The new recruits are the 10th team to join HighTower this year.

Net income for the wealth management unit rose to $677 million from $606 million for the year-ago period.

Aging billionaires are expected to transfer approximately $2.1 trillion to their heirs over the next 20 years, according to a new study by UBS and PwC.

Advisers and clients stockpile cash while waiting for better buying opportunities.

The wirehouse's latest hire will help ultrawealthy clients with estate planning and other services.

The firm's latest recruit has more than three decades of industry experience and previously worked at Wells Fargo Advisors.

The advisers are industry veterans who joined the regional firm in two offices.

Eight advisers opened a new office for Merrill Lynch's Private Banking & Investment Group, which serves ultrawealthy clients.

The wirehouse, which is embracing the new regulation, is the first to unveil its strategy in depth.

The new recruits join from RBC and Wells Fargo Advisors.

The long-serving executive will step down Jan. 1.

A firm contest incentivized about 30 advisers to push lending products to clients and created conflicts of interest, according to officials.

The firm's newest recruits have been in the business for two decades.

Mounting regulatory pressure will push firms to decrease the number of products available due to compliance risks, Cerulli Associates says in a new report.

As rules pile up, industry leaders are looking for ways to help advisers navigate what they say has become a regulatory labyrinth.

Mary Jo White also said that the commission lacks sufficient resources to provide oversight of investment advisers.

The new recruit has been in the industry for nearly 3 decades.

The wirehouse's newest recruits operate from two offices on both coasts.