Merrill Lynch

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.

The regional firm's new hires generated $2.2 million in annual revenues, according to RBC.

Exclusive: The regional firm picked up two groups of recruits from Wells Fargo and Merrill Lynch.

The model for financial advice "is primed and ready for change," says Cetera CEO Robert Moore.

Further shifts in broker pay could be possible as the industry moves to comply with the fiduciary rule and the Department of Labor issues new guidance.

Stephens recruited an executive with more than 30 years experience, whose career includes stops at Wells Fargo, Credit Suisse, Lehman Brothers, PaineWebber and Merrill Lynch.

Though against the firm's policy, the wirehouse still permitted the purchase of securities with credit lines "on thousands of occasions" during a four-year period, according to the regulator.

The team's three advisers all worked at the wirehouse for more than two decades.

Industry firms taking a similar approach can clarify confusion for clients and stem attrition among adviser ranks.

Keith Banks, president of U.S. Trust, is getting new responsibilities at the firm.

The planners left J.P. Morgan, UBS and Merrill Lynch to go into business for themselves.

The adviser joins the regional BD during a push to grow the firm.