Industry

Sargent Bickham Lagudis has assumed the name of the smaller firm, Colorado Financial Management.

CEO James Gorman unveiled a new cost cutting program that could shave off at least $1 billion in costs companywide by next year.

Merrill Lynch reported that fourth quarter revenue had fallen due to market impacts on both fee-based and transactional revenue.

The independent firm founded by several former wirehouse managers picked up two recruits who generated $1.5 million in annual production.

After his roller coaster ride with troubled RCS Capital-owned Cetera Financial Group, Steve Dunlap returns to his entrepreneurial roots.

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.