Portfolio

Elena Milianta joined the firm’s Alex. Brown division, which caters to wealthy clients.

The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.

The move comes as competitors cut prices to entice RIAs to leave the platform.

The firm has bulked up organically. But now it’s time to buy.

The move is a bid to gain more say over what advisors recommend to clients.

Studying leaders in other industries reveals many ways to be successful, says Merrill Lynch’s Stephen Bealer.

The onetime king of the bond market doesn’t blame his personal ordeals for poor investment decisions; in fact, he says, they probably made him better.

Succession planning, reputation and technology proved to be important in the decision-making process for these advisors.

More wealth management pros are joining mastermind groups, driven by the growing realization that the isolation that comes with running a business can hold back the business’s success.

If the client makes a mistake, they are advised to take the RMD as soon as they discover it so they can ask the IRS for a waiver of the penalty.