Industry

The new recruit is joining Corient Capital, an independent firm founded a year ago by ex-Merrill Lynch advisers.

The firm bought the unit, which has over 600 advisers, as part of a $150 million acquisition deal to boost its overall broker ranks.

It’s time for professional planners, as opposed to sales agents, to define themselves accurately in the public mind. To do it, you need to use key words and phrases with crystal clarity.

Banks are lining up behind Capital One to launch robo platforms even as they gird for an initial hit to their brokerage business.

LPL touts its size and scale as a plus to attract advisors, but the company's heft can also work against it, consultants say.

Now is the time to prepare your clients to toughen up (and yourself, too).

Meanwhile, the SEC hints that more actions could follow the $425 million in penalties levied against the brokerage firm.

Wells Fargo, Morgan Stanley, Bank of America and J.P. Morgan Chase were among the dissenters, people familiar with the matter said.

The wirehouse was hit with sanctions from the SEC and FINRA for disregarding securities rules, misusing clients’ cash and not disclosing product costs.

A court will soon decide if an appeal by Jeffrey and Kimberly Camarda, who allege mistreatment by the professional organization, can move forward.