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The stock picker, known for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, will buy Legg Mason's stake in LMM, an investment adviser that he and the company jointly own.

Paul Morris is one of a growing number of recruits that the wirehouse has rehired after they had previously left the firm.

David Kowach oversaw approximately 11,000 advisers as head of the Private Client Group.

A Triad executive says the firm aims to work with more advisers who want to go independent but who need help dealing with increasing regulatory burdens.

WealthSource Partners joins regional broker-deal’s Investment Advisors Division.

The regional brokerage firm also said it recruited three advisers overseeing more than $150 million in client assets.

Six executives were recently tapped to lead wealth management and related investment services groups at Huntington Bank, BNY Mellon, SunTrust and U.S. Bank. Find out who they are and what their new roles entail.

The recruit switched wirehouses again after 7 years.

Retired air traffic controller and former FPA president Richard Salmen was named to a one-year term in 2018, succeeding Blaine Aiken.

The regional broker landed three recruits from First Allied Securities, Edward Jones and U.S. Bank.

Four elite advisers who left the independent channel to launch their own RIA deliver blow to Wells Fargo's target of a best-ever recruiting year.

Also, Dynasty lured teams managing nearly $1 billion in client assets to independence.

The seven recruits made the move from three wirehouses, Raymond James and Stifel.

With core business down and adviser headcount shrinking, the brokerage nets a profit by selling non-essential divisions.

The legendary money manager is losing his No. 2, Kumar Palghat, who will become co-manager of a new Janus Short Duration Income ETF.

Seven recruits made the move to either the firm's employee or independent channels.

David Paterson, who was the Empire State's top executive from 2008 to 2010, has joined a group that includes former wide receiver Wayne Chrebet.

The turn to an outsider marks the latest twist in a struggle to regain footing after a steep decline.

The recuits joined the wirehouse from Deutsche Bank, which is selling its U.S. Private Client Services unit to Raymond James.

The regional BD also recruited a complex manager from J.P. Morgan.