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Although most advisors and brokers see both pros and cons to operating outside the office, few are ready to abandon their new schedules.

After around 14 years at the helm, Gorman will transition to executive chairman and his successor will be one of three internal candidates.

But the firms continue to close faster than new ones open, suggesting consolidation remains an industry trend.

The banking giant's asset and wealth management arm boasts more than $4.3 trillion of client assets.

In letters to the FTC, financial planners contend that noncompetition and nonsolicitation provisions can leave them 'handcuffed' to bad firms.

In setting up a breakaway firm, a group of advisors tried not to step over lines when recruiting colleagues and clients. But a lawsuit argues they still went too far.

Although the new leaders at Merrill could offer advisors new hopes, the firm could well suffer further attrition after Andy Sieg's defection last week to Citigroup.

Plaus had planned to leave the bank after March 31. But Merrill head Andy Sieg's sudden departure for Citigroup triggered an executive shuffle.

In a sudden shift, Merrill's leader of the past six years is heading back to rival Citi, where he will be head of global wealth and drive its expansion.

Employees of the collapsed bank are using LinkedIn, and old-school means, to find new jobs.

Headhunters are finding that many employees of the cratered bank's wealth management arms are waiting to see what happens to the parent firm before plotting their next moves.

The panel plans to take through 2024 to complete its 'everything's-on-the-table' review of experience, education and exam standards.

The test for independent advisor representatives will have novel sections on IPOs and SPACs.

Two brokers who left Charles Schwab to join the rival firm thought they were safe to bring their client books with them. FINRA says they were wrong.

In addition to the major robo-advisory deal, this week's recap features new partnerships for Vestwell and Riskalyze, and a new leader at Advisor360°.

Following Don Plaus's retirement announcement last week, Merrill is moving around longtime veteran insiders to fill his role.

Don Plaus, a Merrill veteran who oversaw the Private Wealth advisors' expansion in Florida, came from a "modest background" but over a long career, rose to lead teams advising many of the world's richest people.

The founders of the Financial Professionals Coalition contend that most industry groups back firms and big players. They plan to stand up for the little guy.

Merrill Video Pro wants to transform planners into their clients' most clickable content creators

Nathan Stibbs will be the midsize independent firm's first director of corporate strategy after it picked up more than a dozen teams in 2022.