Dan Shaw

LPL, JPMorgan and Bank of America Private Bank were also among the recruiting winners this week.

An industry recruiter sees RBC Wealth Management's appeal as lying in its international presence and clean reputation.

Regulators allege First Horizon Advisors violated Reg BI when it continued recommending complex investments even though it was struggling to bring over customer information from a recent acquisition.

If successful, previously banned brokers might be free to "fleece your grandma" again, an expert warned.

Edward Jones is also lowering its fees on certain asset ranges and seeing faster-than-expected adoption of the MoneyGuide investing systems.

UBS, Morgan Stanley, Ameriprise, Bank of America and Cetera were all on the losing end of some of the biggest recruiting deals this week.

A FINRA settlement accuses the firm of failing to supervise a broker who recommended frequent purchases and then resales of various investment products.

The "reverse churning" case highlights the regulatory gap investors can fall into when moving between brokerage and advisory relationships.

Within days of a colleague's retirement and having been introduced as their new advisor, Corbin Hoffner left for Raymond James.

A lawyer suing Wells and other firms argues the recent rate changes do nothing to repair harm already suffered by his clients.

Lawyers allege the 92-year-old victim's daughter begged Schwab to freeze her mother's account, but to no avail.

The groups managing hundreds of millions are coming over from Merrill, Northwestern Mutual and Wells Fargo.

The private equity-backed firm's acquisition of Levy Wealth, with its more than $1 billion under management, falls in line with the trends driving industry consolidation.

DNA Behavior's onboarding tool creates digital proxies of clients to determine behavioral finance traits.

LPL presses forward with deals that have made it one of the fastest-growing firms in recent years.

Lawyers note the kinds of grievances the firm allegedly withheld are what potential clients look at when choosing advisors.

Schwab vehemently denied allegations that it mishandled clients' uninvested cash, calling the putative class action just the latest in a series of "unsound, copycat lawsuits."

Industry groups see the new AML requirements as unnecessarily redundant and burdensome on small firms.

In an earnings call, an RBC executive says the firm decided to raise its account yields in response to higher Fed rates because "the right balance was to allocate some of that rising rate to our customers."

The wealth management giants join their rivals Wells Fargo, Morgan Stanley, UBS, LPL Financial and Ameriprise in being accused of using uninvested cash in advisory accounts to boost their bottom lines rather than benefit clients.