Industry

The largest independent firms to make the cut.

CEO John Taft warns that regulatory scrutiny will increase, but adds that the long-term goal a unified fiduciary standard of care will still benefit clients and advisors.

The number of financial advisors at Wells Fargo slipped below 15,000.

M&A deals in the fee-based RIA space to hit about 250 this year and double by 2019, Tiburon predicts.

John Taft will be the latest head of a major brokerage firm to exit the business, following UBS' Bob McCann and Morgan Stanley's Greg Fleming.

Marcato Capital has sold more than 1.6M shares so far in January, according to an SEC filing.

The new recruits formed a new team after leaving Wells Fargo and Davenport & Company.

Hao Zou, a portfolio manager at Pimco, has left to start a firm providing an artificial intelligence platform for hedge funds, family offices and other institutional investors.

After being burned by a now-barred advisor's $2 million Ponzi scheme, an ex-client is seeking redress from the advisor's former employer.

See which advisors topped this year's list of the biggest producers under age 40.