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CEO James Gorman unveiled a new cost cutting program that could shave off at least $1 billion in costs companywide by next year.

Judging from the questions executives fielded about everything from the slowdown in China to the bank's energy exposure to the potential for another 2008-style crisis, worries are running high.

Merrill Lynch reported that fourth quarter revenue had fallen due to market impacts on both fee-based and transactional revenue.

Investors pulled more than $2.1 billion out of U.S. ETFs that invest in emerging markets last week, the most since August. China and Hong Kong led the losses.

The independent firm founded by several former wirehouse managers picked up two recruits who generated $1.5 million in annual production.

After his roller coaster ride with troubled RCS Capital-owned Cetera Financial Group, Steve Dunlap returns to his entrepreneurial roots.

The largest independent firms to make the cut.

CEO John Taft warns that regulatory scrutiny will increase, but adds that the long-term goal a unified fiduciary standard of care will still benefit clients and advisors.

One contributor takes exception with the idea that many Americans are in trouble with their savings; Plus, clients should ignore calls to 'sell everything!'

By deepening relationships with clients, a goals-based approach can lead to more business.