Industry

The firm will "re-focus" its business on Cetera, which will enter into a "strategic relationship" with Apollo Global Management to offer that firm's sponsored alternative investment products.

The wirehouse collects for breach of a promissory note.

After "deep consideration" and despite legal obstacles, Kimberly and Jeff Camarda say they still want to right "grave wrongs."

Robo fears are based on newer technology where the motivation is to replace people, says the CEO of Addepar. Its portfolio analysis platforms currently serve $300 billion in AUM, the firm says.

A year after they teamed up with the goal of building a $1 billion firm, the two best-selling authors split; "That is how life goes sometimes," Edelman says.

A team managing over $200 million is the second move this month between the two wirehouses.

Creating a high-end brand from scratch is a daunting prospect, says Jeff Spears, chief executive of Sanctuary Wealth Services.

"We are reasonably confident that going into 2016 regulatory expenses will be down substantially," says LPL's acting chief financial officer Tom Lux.

Wells Fargo adds three recruits, including one from Morgan Stanley, to grow its independent channel.

Former wirehouse advisor Paul Tanner has struck out on his own with help from TruClarity, a new platform that helps breakaway advisors go independent.