Industry

Founders of IHT Management hope to create a wirehouse-like alternative to lure other advisors.

J.P. Morgan enticed advisors from competitors, including Morgan Stanley, Merrill Lynch and Wells Fargo, in a half dozen markets to fuel its nationwide expansion of wealth management.

As part of its FP50 special report, Financial Planning tracks the breakdown between fee and commission revenue. Here are the IBDs with the highest percentage of fee revenue.

Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer.

Despite record revenues from wealth management, Bank of America reported that profits slid 43% due to $4 billion in litigation expenses.

A Morgan Stanley team that managed over $650 million has gone independent using a new consultant.

Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states.

A Morgan Stanley advisor with $200 million in assets under management has rejoined Merrill Lynch.

Richard Gill's departure from Focus follows the exit last month of Michael Paley, who co-led the firm's mergers and acquisitions team.

Many firm founders are deciding that their legacies don't need to be enshrined in their firms' names.