Economy

The settlement is the third major regulatory payment the BD has incurred in the past year. A branch manager associated with the Jay Peak case has also left the firm.

The group includes a father-daughter duo who have worked together for 25 years.

Older wirehouse advisers opting to go independent should keep these factors in mind if they want a richer exit from the business.

Net income and client assets grew even as the firms' headcount continued its steady decline.

To grow, the firm is pivoting from its focus on training new brokers to poaching talent from rivals.

The Houston-based institution will look to Raymond James to expand its investment offerings to clients throughout Texas and Oklahoma.

The moves are intended to boost the firm's capital markets abilities in a changing interest rate environment.

Clients often have unrealistic expectations and approach this big decision more emotionally than financially. These talking points can help advisers field the challenging conversation.

The elite brokerage unit picked up three veteran advisers, On Wall Street reports exclusively.

Which firms showed “meaningful progress” in improving client experience? And which one slipped?

Wealth management executives command large enterprises at many financial institutions and are getting paid handsomely for it.

A team joined the wirehouse from Wells Fargo Private Bank.

The boutique wealth management firm picked up three industry veterans from two smaller rivals.

HighTower and Dynasty added big platform clients as wirehouse brokers continued to flee.

The board also canceled about $47 million of ex-community bank head Carrie Tolstedt’s stock options.

The wirehouse aims to grow its adviser ranks in a potential bid to surpass its larger rival Morgan Stanley, according to Andy Sieg, head of Merrill Lynch.

The executive, who oversees the investment bank and retail brokerage units, was paid $15.3 million in 2015.

Karen Dixon will oversee private wealth management services in Texas.

Alibaba's founder backs digital advice for China, where e-commerce giants already sell mutual funds.

The firm's latest hire is an industry veteran of more than two decades.