Economy

What used to be a complex and expensive barrier to entry for independent RIAs has now become much simpler and cheaper.

The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.

The increase in real estate exposure is an “extraordinary move," according to an industry observer.

The new complex manager will oversee 43 advisers at the regional brokerage.

Convinced that clients want as much human interaction as ever, the Wall Street firm is using machine learning to help its financial advisers stay informed and work efficiently.

"I don’t have one yet, but I want one," says Tom Halloran, president of Voya Financial Advisors.

The firm also said it has benefited from low attrition and its training program.

The advisers previously worked at RBC Wealth Management, with one of them making the firm’s Chairman’s Council.

The two advisers bolted in a quarter that saw their ex-firm lose 130 advisers.

The nation’s largest IBD plans to launch a platform with load-waived shares from 20 companies.

This is the second time Jefferies has poached Miami-based adviser talent from the wirehouse.

Depending on business mix, some advisers could see a pay cut.

Despite hiring pullbacks at the larger firms, there's been no shortage of multibillion dollar moves.

Marketing and sales strategies are better received when firms provide information advisers are actually seeking.

The firm's headcount has steadily declined since the bogus account scandal came to light last year.

The engine of future growth for the top independent broker-dealers is likely to be fees.

"With 15,000 financial advisors, it's hard to change financial planning software. It's hard to change the day-to-day stuff," adviser Jim Denholm III says.

The broker now operates from Ameriprise's independent side, according to the company.

Naureen Hassan says tools in development will make advisers "faster and smarter" in serving clients.

The deciding factor might be ruthlessness.