Industry

Months before the law is phased in, "traditional firms are beginning to look more and more" like independents.

Clients are “getting into more aspects of their clients lives,” says Schwab EVP Bernie Clark.

A new pilot program will test whether clients will be drawn to a voice-controlled technology the retailer's customers know as Alexa.

CEO Wayne Bloom says the threat of lawsuits in the wake of the new regulation prompted the change, which could be a first among IBDs.

“Q3 2016 is the eighth successive quarter of 30 or more transactions,” says David DeVoe, managing partner at DeVoe & Co.

One recruit started in the industry more than two decades ago.

With investors increasingly moving to lower-cost, passively run funds, the firm says it plans on countering the resulting record redemptions by merging with Henderson Group.

It's unknown how many of Scottrade's 1,000 brokers and 800 RIAs will ultimately be part of the new firm

The new recruits come from Morgan Stanley and Wells Fargo Advisors.

The online platform deal is the Canadian bank's latest move to strengthen its wealth management business and grab more wealthy American clients away from traditional brokerages.