Fresh off rebranding its wealth management business to Avantax, the firm aims to support its smaller but more productive force.

The wealth management unit took in lower revenue from the year-ago period — but executives say its transformation is going according to plan.

The network of five IBDs with 4,400 advisors hasn’t made a final decision, according to Bloomberg News.

CEO Dan Arnold described the firm's multipronged strategy for further growth.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

CEO Jim Cracchiolo says the firm is focused on “holistic advice rather than a free trade” after wealth management client assets reached a new high.

The policy shift affects the wirehouse’s separately managed accounts.

The firm is finding it harder to squeeze more profit out of its wealth management business.

The firm’s shares presumably trailed rivals for a reason — did anything from the third quarter drastically change those views?

Advisors are not "non-for-profits,” CEO James Gorman said.