Nicholas Yeap

The great wealth transfer might be here, but the top 1% of the 1% are in jeopardy.

Headcount rises for the 11th consecutive quarter for the wirehouse, which is prepping for the Department of Labor's fiduciary rule.

With LPL Financial potentially exploring a sale of itself, we look back at some of the biggest deals over the last few years.

Automated investing platforms are making it tougher to charge for some financial advice, says Tiburon Strategic Advisors.

From recommending wrong share classes to cherry-picking allocations, these are the pitfalls advisers should avoid.

Plus, Merrill Lynch grabs UBS planners who managed $750 million in client assets.

Only 18% of Asian-Americans work with financial professionals, and there is room for growth, a study says.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

The group includes two recruits who began their careers in the late 1970s.

The recruit joined a practice opened by a former complex director from the same wirehouse.

Established firms have an edge as the M&A market moves toward another record year.

Plus, Benjamin F. Edwards and Ameriprise each add recruits with more than $600M in combined AUM, and Morgan loses a $500M group.

Profits and revenues are down for all but one of the brokerages.

Revenue continues to fall for the industry's largest brokerages, but lending remains strong.

The recruit switched wirehouses again after 7 years.

Also, Dynasty lured teams managing nearly $1 billion in client assets to independence.

Net revenues fell 2% in the second quarter compared to a year ago, according to the firm.

The second installment of book recommendations from industry experts that advisers should not miss.

The recruit spent two years researching the move before deciding to leave the wirehouse.

Books that help advisers self-improve and build their practices.