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William Heinzerling, who has led Stifel’s fixed-income business since 2009, is leaving the firm, according to people with knowledge of the matter.

President Tom Naratil says the firm will recruit less, spend more on advisers already at the firm and give additional power to branch managers.

The decline could be attributed to poor market returns and the plans' auto enrollment feature.

The president makes good on his vow to kill legislation that would roll back the new regulations on retirement plans.

Wealth management "is the least tech literate of all financial services," says Michael Spellacy of PwC.

The regulator also says that the firm suffered from supervisory failures during a four-year period.

George Lemmon serves as senior vice president and national head of employee benefits distribution at Voya Financial. In this role, he is responsible for establishing and implementing the long term strategy of employee benefits group and voluntary sales initiatives as well as managing the EB sales team. Prior to this role, he served as executive regional manager of Voya’s Chicago regional sales office where he managed the sales, service and support personnel serving parts of Illinois, Wisconsin, Iowa and Indiana. Under George’s direction, the office was responsible for over $100M in group and voluntary in force with annual sales goals over $25M.

Here are ways to engage them in more positive thinking when the market gyrates.

Choosing where to allocate resources is never easy, but a grid, similar to this one used by Commonwealth’s Joni Youngwirth, can help.

Rick Rummage is the founder and CEO of the Rummage Group, which specializes in helping financial advisers discover career opportunities within their market.