UBS

Adviser recruiting was not expected to be affected, according to people with knowledge of the matter.

Market volatility and industry changes have had a chilling effect on advisers' career plans.

'It's wise to pause,' says Eugene Qian, referring to what he has told clients.

The brokerage firm promoted one of its own to replace a retiring senior vice president, while picking up two branch managers from rival firms.

Analysts and industry insiders are divided as to what impact the wirehouse's revamped plan may have on rival firms and breakaway advisers.

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 recruit was overseeing 100 advisers responsible for $15 billion in client assets before joining the breakaway firm.

An arbitration panel ruled in UBS' favor, after the wirehouse alleged that a former adviser stole client data before moving to Wells Fargo.

Previous investors were happy to let a Canadian firm be the sole investor, says Bill Harris, CEO of Personal Capital.

A deep dive into millennial's financial habits shows a stark generational difference from boomers when it comes to leaving the nest.