Industry

Management blamed falling profits on weak markets and "muted client activity."

The wirehouse hires recruits from Credit Suisse and Merrill Lynch.

Three veteran advisors left the wirehouse to join the super regional.

In a succession play, Advisor Financial Services gets snapped up by Retirement Advisors of America.

Both wirehouses also see client assets shrink.

Voices: The DoL is restricting investor choice and casts an unnecessarily critical light on existing B-D relationships that only follow a suitability requirement.

The addition of the country's largest IBD network demonstrates how much value BlackRock has created from its $152 million deal for Silicon Valley-startup FutureAdvisor last August.

As digital wealth platforms turn to serve advisors, the trend will help those who are ready to enhance their practices with technological tools.

On Wall Street honors the industry's leading branch managers.

Leo Goeas says one of the biggest challenges of coming back home was reinventing his personal brand as an advisor when many still recognized him as an athlete and agent.