Industry

The advisory business ended the year on a strong note, boosted by growth in net interest income, which rose 14% year-over-year.

The move comes as a surprise; "active search" for a replacement underway.

The business, which includes Merrill Lynch, said profits were up 1.8% year-over-year, but down 9% from the previous quarter.

Advisers have been warned: SEC's exam guidance to focus on cyber threats and issues involving seniors, leaving little excuse for noncompliance.

OSHA supports ex-broker Johnny Burris’ firing because he allegedly faked company letterhead. Burris says the bank approved the altered letter years before.

The decision vindicates ex-broker Johnny Burris, but also supports the move to fire him. However, a bank document obtained by Financial Planning casts doubts on the reason for his termination.

Which banks are advisers moving to? 15 recently jumped to BNY Mellon, U.S. Bank and M&T Bank from myriad financial institutions.

Technology is getting faster and smarter. Luckily, advisers have a natural-born defense — but first must learn how to use it.

The changes are the first under David Kowach, who became president of the wirehouse's traditional employee broker-dealer late last year.

The new year is off to a busy start with deals worth $250 million.