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After only two months in the role, Roth is being replaced by a restructuring specialist. RCS recently said it would file for bankruptcy.

The prescription for holding on to top talent at the major brokerages starts with compensation, writes recruiter Mark Elzweig.

The firm has had "significant expansion" with fast-growing teams in Chicago and St. Louis, which it expects to continue.

RBC's newest recruits generated $1.8 million in annual production, the firm said.

Turmoil returned to global markets as oil plunged and U.S. stocks sank to the lowest levels in 21 months, fueling a rush into haven assets.

Merrill Lynch hired Fabio Concesi as an international wealth strategist. Concesi previously worked at Citibank.

The former wirehouse advisor previously generated $1 million in annual revenue, according to RBC.

The independent firm founded by several former wirehouse managers picked up two recruits who generated $1.5 million in annual production.

CEO John Taft warns that regulatory scrutiny will increase, but adds that the long-term goal a unified fiduciary standard of care will still benefit clients and advisors.

John Taft will be the latest head of a major brokerage firm to exit the business, following UBS' Bob McCann and Morgan Stanley's Greg Fleming.

The new recruits formed a new team after leaving Wells Fargo and Davenport & Company.

Hao Zou, a portfolio manager at Pimco, has left to start a firm providing an artificial intelligence platform for hedge funds, family offices and other institutional investors.

See which advisors topped this year's list of the biggest producers under age 40.

Another team departed Credit Suisse, this time for William Blair.

The firm's former correspondent and advisor services supervisor will now oversee consulting operations reaching the firm's 1,900 advisors.

The new recruits move to the independent side of Wells Fargo.

Inspired by his football coach to consider planning, Raymond James complex manager Tony Barrett has focused on team success and the inclusion of African American advisors.

The head of the wealth management business is stepping down, while Colm Kelleher has been named president of Morgan Stanley, according to memos sent to employees.

Four recruits moved between the boutique wealth managers, making them the latest Credit Suisse advisors to pass on an offer to join rival firm Wells Fargo.

A few banks started paying their advisors by salary years ago--now others are considering the same.