Industry

Industry arguments against the DoL’s fiduciary rule proposal do not consider the digital revolution in financial advice.

The new recruits join the firm's now $650 million Simmons Wilkes Investment Advisor team.

Two veteran advisors left the wirehouse to form an independent firm with help from Dynasty Financial Partners.

Four veteran advisors joined UBS from Morgan Stanley where they generated $5.6 million in annual revenue, according to a UBS spokesman.

Historically private on recruiting specifics, LPL hopes to attract new advisors by publishing names of advisors who've just joined.

Originally a small group of female financial professionals, the firm's annual event for women advisors expects more than 260 participants.

A Morgan Stanley branch manager, told by his mother to do his best before her passing, works to inspire others in wealth management to do the same.

Two former advisors allege they were punished and eventually fired for reporting misconduct including trainees and interns entering trades as well as misleading clients during cold calls.

In a rapid market downturn, advisors have to suss out the motivation for wanting to sell, while remembering that, ultimately, a client's decision prevails.

"BlackRock is potentially a very powerful partner for advisors," says Sean McDermott, Corporate Insight analyst.