Merrill Lynch

Morgan Stanley, Merrill Lynch and the other wirehouses gained and lost several standout recruits.

The move is intended to better satisfy clients who are increasingly asking for more clarity, according to the firm.

The new recruit generated more than $1 million in annual revenues, according the regional firm.

The recruit generated $2 million in annual production, according to Merrill.

The wirehouse's new hires oversaw $466 million in client assets, according to a spokesman.

The adviser reversed course after Merrill Lynch unveiled plans to phase out commission-based retirement accounts as part of its plan to comply with the Department of Labor's fiduciary rule.

On Wall Street's annual ranking of successful young planners.

Growing RIA now has over $3 billion in assets as footprint expands.

On Wall Street's annual ranking of successful young planners.

One of the bank's new recruits comes from the wirehouse's elite Private Banking & Investment Group, which serves ultrawealthy clients.

Their attorney said he would instead file claims in arbitration.

The business, which includes Merrill Lynch, said profits were up 1.8% year-over-year, but down 9% from the previous quarter.

Plus: A Morgan Stanley grab totals $410 milllion in combined AUM and more than 30 other job changes.

The recruit oversaw $110 million in client assets while working for the wirehouse, according to the regional firm.

Both recruits have more than two decades of experience.

The biggest advisers to go it alone this year managed over $13 billion in client assets.

Many would argue the retirement fund is archaic, inelegant and user-unfriendly. Is it time for something new?

Collectively, this year’s mega movers managed more than $23 billion in client assets.

The group of industry veterans had $1.7 million in annual production, according to the regional BD.

From regulators to technology providers to CEOs, these are the players who will remake wealth management in 2017.