Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Outliers aside, fundamental indexing is still more expensive than old fashioned capitalization-weighted indexing.

Investors slammed the sell button on passive products in February amid the return of volatility that saw a record jump in Wall Street’s fear gauge.

The tax-focused planning IBD is shedding low-producing advisors while retooling its pitch to prospects.

The No. 1 IBD has completed the NPH acquisition, but CEO Dan Arnold unveiled further growth initiatives amid challenges to its dominance.

The firm is prioritizing its most productive advisors after shedding some 30% from its headcount.

The firm also reported record revenue and pre-tax income for the recent quarter.

The firm’s headcount declined slightly in the quarter, but advisors’ productivity remains strong and growing.

The firm’s CEO is counting on growth at the investment bank to drive future returns.

The bank is seeking to boost efficiency and growth by combining two wealth management businesses into a single one known as Global Wealth Management.