Industry

The deal should be a signal to robo platforms they need to pair their technology with traditional advisors to remain competitive, analysts say.

Stifel expects just 95 to 105 Barclays advisors will stay on, compared to 180 when the deal was announced in June, the firm said.

A new recruit generating about $1 million in annual revenues made the move from UBS, the firm said.

A team that oversees $750 million in client assets made the move from Morgan Stanley to UBS, the firm said.

Recruiter Mindy Diamond says the historic accord forged a bond of trust between advisors and their firms that the industry cannot afford to lose.

An advisor managing $195 million in client assets left Wells Fargo Advisors for Raymond James & Associates.

Wells Fargo's elite brokerage unit picked an attorney as its new chief fiduciary officer.

BlackRock has agreed to purchase an $87 billion money-market fund business from Bank of America as it builds scale in an industry grappling with new regulations.

Just as robos seek to bring lower-income, self-directed investors into the advisory realm, the administration is looking to extend the retirement safety net through no-fee, no-risk savings plan.

FINRA moved to banish the broker for failing to cooperate with an investigation into allegations that he borrowed thousands of dollars from a 70-year-old customer without Wells Fargo's prior approval.