Industry

RBC's newest recruits oversee about $132 million in client assets.

"Your best people are everyone else’s best prospects,” said John Burns, CEO, Exencial Wealth Advisors.

Opinion: Contributor Allan S. Roth is “more than a bit concerned” that this marriage of a low- and high-fee provider will not be good for investors.

"Position a plan of life phases rather than life stages," trend researcher Kim Lear says at Schwab Impact.

Baby boomers will continue to be the nation's wealthiest generation for the next 15 years and remain the largest fee pool for banks and financial services firms, according to new report.

The agency is using data analytics to scrutinize broker-dealers and advisors who are recommending an increasingly complex array of products.

The new recruits join Baird from Wells Fargo Advisors and Stifel.

An advisor overseeing $355 million in client assets joined Morgan Stanley.

“It’s the most important thing you can do for your business, the single greatest value driver,” said Rick Schwartz, managing director for business consulting at Schwab Advisory Services.

The executive will serve wealthy families in the eastern Florida region, including Jupiter, Palm Beach and Miami, as the bank looks to expand GenSpring, its ultrahigh-net-worth business.