Ameriprise’s chief took a 5% cut in his compensation, even as the firm cited notable positive results that buoyed the industry last year.

Moody’s lowered the giant IBD network’s credit rating with sobering words that could resonate across wealth management.

Moody’s affirmed the company’s “B3” rating but signalled the potential wide-reaching impact of the pandemic across wealth management.

Both firms have lower advisor headcounts, higher productivity and relocation plans — but Blucora's acquisitions have boosted its wealth management business.

The exit of David Knoch is the latest change at the growing and rapidly pivoting tax-focused IBD formerly known as HD Vest.

“We are embracing the bank model,” Chief Financial Officer Stephen Scherr said.

CEO Dan Arnold describes the firm’s tech-fueled advisor strategy.

To accommodate its burgeoning brokerage force, the firm opened 42 new branches last year.

Jim Cracchiolo predicts the number of advisors will go back up, but he says the firm places more importance on boosting the size of their businesses.

The firm is drawing heightened interest from advisors generating between $1 million to $5 million, according to CEO Paul Reilly.