Economy

A hiring binge is pushing headcount to record highs at firms including Baird and Raymond James. But can it last?

On Wall Street takes a closer look at the work routines and feats of this year’s Top 40 Under 40 class.

Woodbury Financial Services has added 572 advisors with $22 billion in client assets since the fall of 2017, CEO Rick Fergesen says.

An established name in muni markets, the company hopes to expand its footprint in the wealth management industry.

New technology is making it difficult for funds that fail to combine low costs, strong returns and brand equity to earn spots on investment lineups.

UBS advisor Michael Lorenzo is carefully eyeing “the impact that systematic strategies had on the markets, especially as 2018 is the new normal.”

Even as BDs transition from their commission roots, too many still treat advice as a liability.

The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.

Studying leaders in other industries reveals many ways to be successful, says Merrill Lynch’s Stephen Bealer.

Succession planning, reputation and technology proved to be important in the decision-making process for these advisors.

Even as Nevada, Maryland and New Jersey press ahead with their own proposals, the IAA seeks exemption for SEC-registered advisors.

More wealth management pros are joining mastermind groups, driven by the growing realization that the isolation that comes with running a business can hold back the business’s success.

Bill Drew had been with Morgan Stanley and predecessor firm Smith Barney since 1995.

One of the recruits has 46 years of industry experience.

Investors with this trait are a lot easier to work with, says UBS advisor William Wilson.

Portfolios constructed with companies betting on industrial and social transformations are besting rivals.

The husband-wife team left LPL after 11 years with an eye toward its rival’s tech and service offerings.

The FPA has a drastic proposal to dissolve local chapters. There may be a better way forward.

It’s the toughest part of the job, says Mihir Patel, who ranked No. 6 on the Top 40 Under 40 list.

Asset managers are increasingly using the products for targeted adjustments and risk management, a survey finds.