Industry

Two former employee advisors with $240M in AUM join independent firm.

“The changes we announced today makes the [robo] cost issue go away,” LPL Chairman and CEO Mark Casady tells Financial Planning.

A recruit from the banking channel at Wells Fargo moves to the regional's independent broker-dealer.

Comparing its authority to that of sororities, country clubs and other trade organizations, the CFP Board convinced a federal judge to throw out planners' fee only lawsuit.

Suggesting that the financial advice industry has evolved into robos, says former SEC Commissioner Steve Wallman, "is like saying the oceans have evolved into swimming pools."

Growth remains sluggish at the firm's wealth unit for another quarter.

With the bank's deal to sell its wealth management business to Stifel still pending, many advisors have jumped to either rival wirehouses or launched their own independent practices.

UBS lost a two-decade veteran to rival Merrill Lynch.

For the third time in the past year, the wirehouse discharged a long-time advisor with a big book of business, this time alleging "inappropriate workplace behavior."

The departure comes as the British firm prepares to transition its advisors over to Stifel, which is acquiring Barclays’ wealth management operations.