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Matthew P. Richardson is a professor of applied economics and finance at New York University's Stern School of Business. He co-edited the book "Regulating Wall Street: CHOICE Act vs. Dodd-Frank."

The wirehouse said recently it plans to stop recruiting experienced advisers, but made an exception if talks with recruits started before June 1.

Advances in technology and better informed clients are forcing firms to adapt their strategies to a changed business environment.

Overall, the nation's wealthy are expected to add to their growing fortunes in the years ahead.

The rep was suspended for 18 months and fined $7,500 for allegedly adding his wife as a 50% primary beneficiary to a customer's variable annuity without the customer's knowledge.

Rabitz is a partner at law firm Stroock in New York.

Holob is a partner at law firm Stroock in New York.

What’s a planner to do when clients say their child, a new advisor, is asking them to invest?

Harry Zhang is a reporter for Financial Planning.