Industry

Bank of America Corp. is dismantling an electronic market-making unit created last year to serve the lender’s Merrill Lynch wealth-management division, said two people with knowledge of the decision.

Allison Couch's newly created role focuses on sales and distribution strategies across one of the industry's largest broker-dealer networks.

'We were not as proactive as we should have been,' the CFP Board says, rolling out two initiatives aimed at resolving advisors' incorrect fee-only disclosures on its website.

Raymond James & Associates lured away an advisor team from Wells Fargo Advisors that generated annual revenue of about $2 million.

Every firm needs to determine the unique compensation plan that will work best for executives, staff and clients. These guidelines should help you get started.

Most of the new arrivals are employees of larger financial service companies, said president Scott Curtis, and about 25% are already independents.

FINRA CEO Richard Ketchum praised one SEC commissioner for floating a new proposal to beef up examinations of the RIA industry independently of Congress.

City National Bank hired five wealth management pros in its private client group in California’s central coast region.

The firm lures three separate teams who manage a total of more than $500 million in client assets.

The 'very, very conservative' company is looking for niche deals, not major acquisitions, said CEO Paul Reilly.