Andrew Welsch

“How I do retirement plans today is very different from how I did it 15 years ago,” says Merrill Lynch adviser Jason Ting.

The firm's newest recruits generated $3.6 million in annual revenue.

The department is defending the rule in three cases brought by Wall Street trade groups, which are aiming to dismantle the new regulation.

The agency also proposed a rule to permit cities to create their own savings plans.

The wirehouse is also reorganizing how it deploys a number of product and service consultants and technology specialists.

The veteran supervisor got his start at Merrill Lynch in the early 1980s.

The adviser, who was ranked in On Wall Street's Top 40 Under 40, is accused of conducting more than $1 million in private security transactions without notifying his employer, Hilliard Lyons.

The advisers, one of whom is a former football coach, are among the first to join the wirehouse since UBS unveiled sweeping changes to its comp plan.

The firm is among the first to detail how its 14,000 advisers will comply with the new regulation.

The chief executive of Foothill Securities said he was motivated to look for a buyer for some assets because of rising compliance costs.

Two veteran advisers opened a new office for the firm.

The firm was "cut out" from an entire class of advisers, says CEO Alexandra Lebenthal.

Paul Morris is one of a growing number of recruits that the wirehouse has rehired after they had previously left the firm.

David Kowach oversaw approximately 11,000 advisers as head of the Private Client Group.

A Triad executive says the firm aims to work with more advisers who want to go independent but who need help dealing with increasing regulatory burdens.

Clients are hesitant to invest more in the face of global upheaval, advisers say, citing the recent coup attempt in Turkey, terrorist attacks and the outcome of the U.S. election.

One of the alleged fraudsters used client funds to pay off gambling debts, according to authorities.

The regional brokerage firm also said it recruited three advisers overseeing more than $150 million in client assets.

"I think the DoL rule has a disproportionate impact on the independent business, and that affected our decision-making," says Ron Kruszewski.