Economy

Clients opened 142,000 new accounts last month after Schwab escalated the brokerage industry's price war.

Clients overpaid more than $12 million because of operating flaws and coding failures in an automated device advisors relied on for executing mutual fund orders.

By signing a deal with iCapital Network, the regional brokerage aims to provide clients "a more comprehensive set of solutions."

Little can keep the search engine giant from entering wealth management. But advisors still have weapons at their disposal. They just need to use them.

The acquisition of Ladenburg Thalmann for $1.3 billion would take the private equity-backed firm into the realm of the largest firms in the sector.

The new hires came at the expense of Merrill Lynch and Wells Fargo.

Fresh off rebranding its wealth management business to Avantax, the firm aims to support its smaller but more productive force.

Advisors keep fleeing the wirehouses but given a fair deal, established RIAs make a good landing pad, observers say.

The IBD network's AdvicePay integration could help the firm convert more retirement plan business into wealth management clients as it completes a record year for new assets.

The wirehouse is making changes ahead of an expected wave of baby boomer departures.