Andrew Welsch

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.

George Merhoff poured his clients' portfolios into a handful of energy stocks that plummeted in value, ex-clients allege in arbitration cases.

Lending and cost cutting helped drive net income higher during the recent quarter, the wirehouse reported.

David Paterson, who was the Empire State's top executive from 2008 to 2010, has joined a group that includes former wide receiver Wayne Chrebet.

The recuits joined the wirehouse from Deutsche Bank, which is selling its U.S. Private Client Services unit to Raymond James.

Find out where our annual list of financial planning degree programs at colleges and universities fall on the map.

Brokers whose deferred pay has been withheld could soon file claims after the regulator confirmed advisers' right to take disputes to FINRA arbitration.

CEO Paul Reilly says the firm has hired new compliance professionals and is also working with outside attorneys in order to prepare for new regulations.

Two wirehouse veterans opened a new office for the regional firm's employee channel.

"We are not going to have a separate robo adviser that would disintermediate our existing advisers," says CEO Paul Reilly.

Headcount at the fast-growing firm was up 327 year-over-year.

Executives say it's about more than just robos.

The wirehouse has faced a difficult business environment so far this year, and additional headwinds may be coming during the second half of 2016, top executives say.

With more than 15,000 advisers overseeing $1.4 trillion, the wirehouse would be one of the largest entrants into the digital advice space.

The recruit is joining an existing practice, boosting the team's assets to $1 billion, according to the firm.