Industry

A Merrill Lynch advisor managing $230 million in assets has left the wirehouse to join RBC Wealth Management.

Regulators have been clamping down on auditors of broker-dealers in recent years in response to the lack of meaningful audits of Bernard Madoff’s investment firm and other scandals uncovered during the financial crisis.

A new research paper identifies several elements tied to the most satisfied dealmakers. See the takeaways for advisors.

Wirehouse advisors managing more than $1.1 billion in assets have moved over to Wells Fargo.

John Taft, head of RBC wealth management in the U.S., weighs in on extending fiduciary responsibility to broker-dealers, saying any extension must account for the distinct business practices of the sector.

BB&T is back in the business of buying banks for the first time in several years, even though most of its peers think regulators are opposed to big-bank M&A. BB&T's investments in compliance improvements make its executives feel confident about getting new deals done, CEO Kelly King says.

Two Florida planners drop antitrust claims against CFP Board to shield clients; Board still wants client names

In a two-week period, Ameriprise has recruited five advisors managing more than $600 million.

One year later, Forbes' growth plans have been stymied by a difficult market for acquiring firms.

For advisors looking to break out of wirehouses, legacy firms or banks, going independent doesn’t necessarily mean they have to go it alone.