Industry

Michael Armstrong, who has been serving as Global Head of Wealth Management at Jefferies, will take over as CEO of RBC's wealth management business.

The debate has spread far beyond planners and regulators, suggesting to some that public consciousness, and widespread change, might be on the rise.

Tidjane Thiam, seeking to reassure investors about his ability to turn around the troubled firm, pledged to continue efforts to cut costs.

Also, Merrill gained teams with $1.5 billion in combined AUM, while UBS said farewell to a $426 million team.

Financial planners moving to new jobs are jumping less hurdles and increasing AUM, a new study says.

Find out which of the largest regional firms were represented by the best bosses in wealth management.

Industry veteran Scott Schmid will oversee the San Diego market for its Private Client Reserve beginning May 9; hopes to double headcount in 2 years.

Firms must invest in digital capabilities, says A.T. Kearney's Uday Singh, but they need to balance that evolution to allow for the human touch to remain in a central role.

The firm suffers declines due to below average market conditions, but sees growth in the rank and file.

The firm and industry leaders expect small brokerages to struggle with higher costs, creating recruitment opportunities.