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

The bank has made no secret that it planned to put more pressure on vendors.

This massive outflow points to the use by institutional investors, which had in the past tended to gravitate toward similar products.

With Brexit and the presidential elections sending stocks into the biggest tailspins since the flash crash, almost everyone lost their nerve at some point. But investors who didn’t flinch are reaping the rewards.

One barred broker borrowed funds from clients without approval, according to FINRA.

The move to reintroduce legislation that seeks to adjust the cap on Social Security wages and to raise the payroll tax is a step in the right direction in fixing the program's solvency woes, says expert.

Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.

The wealth manager opened a new office in northern Virginia and expects to hire 8 new advisers over the next couple of years.

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

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

The new recruits joined the firm's independent and employee channels.

The world's largest asset manager is making the move in an effort to lower costs for clients, the company said in a statement.

A revenue boost for the firm's asset-management unit is key and could play a role in raising capital that's been eroded by misconduct charges.

Firms seeking to adapt need to keep these four points in mind.

Valuations are high from a fundamental perspective, but increasing consumer confidence has historically pushed them even higher.

Too much growth has led to a slowdown in business efficiencies. Smart firms need to fix their operating models.

The industry will experience an acceleration of the technology as firms meet data challenges, says Todd Moyer, an executive vice president at Confluence.

More retirees are expected to join the gig economy and go on trips that offer unique experiences.

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.