Industry

Among the new recruits is an 11-person team.

More often than not, wirehouses were on the losing side of these moves.

This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.

“Everything’s on the table for consideration,” the bank's chief financial officer told investors. “He’s certainly not beholden to decisions that we made previously.”

The additions came amid a revamping of the firm’s independent advisor compensation.

The new hires signed on with the firm’s employee broker-dealer.

With Portfolio Intelligent Income, the discount brokerage is shifting some of its focus toward clients ready to spend their investments.

These shortcomings were primarily due to “systemic, longstanding, governance-level weaknesses,” a new report says.

While these 20 dizzying changes will throw some for a loop, financial advisors and their clients grow more powerful each year.

One size fits all? The single form for disclosure of client-advisor relationships applies even if firms offer multiple products and services.