Economy

Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase’s Gordon Smith won’t be taking the job, according to people with knowledge of the situation.

Even as the wirehouse has cut back on recruitment, the hire of two new industry veterans show it’s still looking for top teams.

Summit Brokerage Services will fold 450 advisors into one of the 41 OSJ regions under Cetera Advisor Networks this summer.

Robert Limmer made the move after less than a year at Gladstone Wealth Group.

Once selected, the chapters will begin a two-year centralized testing process.

The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.

The entrepreneur's OSJ also recruited an advisor named after J.P. Morgan and another new affiliated practice.

Two perennial champions retained their top ranks in 2019 — but the aging demographic poses challenges for all firms, according to J.D. Power.

A barred broker told clients the lifestyle media company was about to be acquired, so “they needed to act quickly,” according to the regulator.

Simple solutions may be a better alternative to customization, says the company's CEO.

A healthy economy and falling mortgage rates are contributing to a more favorable climate for clients in the market for a new home.

Summit Brokerage Services wasn’t feeding the notifications into the transactions blotter while its ownership went into flux, according to the regulator.

An advisor of 36 years, Jay Mastilak moved to Stifel from Wells Fargo.

The custodial bank says it has reimbursed the affected clients with interest.

Clients seeking to recoup some $14 million in damages have received only 12% of their total claims, according to an SEC-appointed receiver.

Recruitment is ongoing — not a one-time sales pitch.

The firm's chief has led growth to an expected $1 billion in revenue this year from $7 million in 1998 when she joined. It's a matter of embracing the sector's evolution, she says.

A successful recruiting strategy isn't enough to keep a financial planner put.

The combined AUM of the top 10 companies has soared by 60% to more than $770 billion over the past five years.

A PKS rep allegedly sold $190 million worth of non-traded REITs and BDCs without disclosing the commissions.