Industry

Independent Financial Partners, an LPL firm, tapped a financial services veteran to recruit advisors from the wirehouse channel.

Janney Montgomery Scott replaces wealth management products chief David Penn, as he steps down to become a financial advisor.

FINRA has promoted one of its own to head the regulator's disciplinary unit, but still has no replacement for Linda Fienberg's other role as head of arbitrations.

The financial services sector as a whole is chasing short-term gains and in the process saddling investors with the costs of higher trading volumes and often not acting in their best interests, says Vanguard founder John Bogle.

A Merrill Lynch advisor managing $230 million in assets has left the wirehouse to join RBC Wealth Management.

Regulators have been clamping down on auditors of broker-dealers in recent years in response to the lack of meaningful audits of Bernard Madoff’s investment firm and other scandals uncovered during the financial crisis.

A new research paper identifies several elements tied to the most satisfied dealmakers. See the takeaways for advisors.

Wirehouse advisors managing more than $1.1 billion in assets have moved over to Wells Fargo.

John Taft, head of RBC wealth management in the U.S., weighs in on extending fiduciary responsibility to broker-dealers, saying any extension must account for the distinct business practices of the sector.

BB&T is back in the business of buying banks for the first time in several years, even though most of its peers think regulators are opposed to big-bank M&A. BB&T's investments in compliance improvements make its executives feel confident about getting new deals done, CEO Kelly King says.