Industry

The deal with newly launched Global Retirement Partners is a "great opportunity to add scale," says LPL exec Bill Morrissey.

Morgan Stanley CEO James Gorman wants to reduce advisor compensation relative to revenues, but experts warn that changing comp isn't without pitfalls.

As part of the FP50, Financial Planning tracks the percentage of reps producing more than $150,000. Many of the firms with the greatest number of top producers, it turns out, are smaller boutique firms.

Ameriprise enticed away a Morgan Stanley advisor who generated $1 million in annual revenue, according to a spokesman for the regional broker-dealer.

A complex manager at Merrill Lynch was promoted to market president at Bank of America.

Two advisors managing more than $160 million in client assets have jumped from Merrill Lynch to Bison Financial Group, an independent practice of the Wells Fargo Financial Network.

Opponents argue that the long time horizon and heated controversy could convince the White House to back away from the retirement plan proposal.

Two UBS advisors managing more than $300 million in assets have joined Wells Fargo.

The high-profile hiring of David Bach creates a revved-up marketing engine for Edelman Financial, which already has $13 billion in AUM. Can other firms use the same technique?

Triad believes it can attract advisors who are "more entrepreneurial" with its hybrid model.