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Convincing advisors "why they should stay" and continue to grow with Cetera will be a priority for Ballard.

A 33-year industry veteran heads the three-member group.

A father-and-son team from Janney Montgomery Scott joined the wirehouse.

John Horner will succeed Craig Delany, who announced his retirement last month.

The wirehouse landed five recruits from Stifel, Morgan Stanley and RBC.

Ronald O’Hanley, who stepped down last year as head of Fidelity Investment’s asset management business, is set to run State Street Corp.’s $2.45 trillion investment arm.

Nearly half of Americans are saving no more than 5% of their incomes, while 18% are saving nothing at all, according to a new report.

Raymond James added a Wells Fargo advisor who managed $175 million in client assets.

The pace of RIA dealmaking has leveled off over the last few years, with no increase in the number of deals over the previous year and aggregate AUM acquired ticking up only slightly to $47.4B from $43.7B, according to new data from Schwab Advisor Services.

Long, who oversaw 400 advisors at Wedbush, parted ways with the firm earlier this month.

Four advisors joined the firm from rival brokerage D.A. Davidson.

Outlook for the planners -- who were recruited with a promise that they would "not [be] required to sell" -- seems to depend on whether you talk to Northwestern Mutual or LearnVest.

Northwestern Mutual, the nation's second-largest life insurance company, is buying LearnVest, an online financial planning start-up founded in 2009.

John Lipari and Richard Ribek say they chose Raymond James' "client-first culture."

Jonathan Pruzan is expected to replace Ruth Porat as CFO next month, five years after succeeding her at an investment banking unit that serves other banks.

Two wirehouse advisors generating almost $1.7 million jumped to Steward Partners, an independent firm affiliated with Raymond James Financial Services.

"I’m delighted to be returning to my California roots and joining Google," Porat said of her move back home to Silicon Valley.

Two complex directors moved up the ranks at the wirehouse.

The recruit generated $614,000 in production at his former job.

This week's notable news from the asset management industry includes a recent SEC roundtable meeting where some participants discussed the potential "unintended consequences" of universal proxy ballots, global ETP flows in February reached a record $50 billion, the fastest start to any year on record, and leadership at Vanguard were tasked with new roles within the firm.