Economy

Revenue increased 4% from 2015 even as the number of advisers fell by 10%.

The changes are the first under David Kowach, who became president of the wirehouse's traditional employee broker-dealer late last year.

An internal memo informs the firm's 15,000 advisers about the move, which builds on management changes made earlier this year.

Envestnet CEO Jud Bergman says experts plus machines deliver better outcomes than experts or machines alone.

Though some say the rule's future is in doubt, the firm is going ahead with sweeping changes it hopes will make its advisers more competitive.

Plus: A Morgan Stanley grab totals $410 milllion in combined AUM and more than 30 other job changes.

Silicon Valley-based Addepar says it is in talks with other wirehouses for use of its software, too.

The wirehouse alleges two arbitrators failed to disclose key information about their professional and personal histories.

Exclusive: Advice Period, the newest RIA platform model, offers star power and IBD qualities. Is it enough?

The planner, joining from Robertson Stephens, also has worked for UBS and Merrill Lynch.

Advisers will create strategies and communicate the advice. Software will handle the execution and maintenance of the strategies.

The new recruit, who started with the wirehouse's predecessor firm Smith Barney, has been in the industry since the late 1990s.

The expansion of hybrid platforms and bank digital advice promises big changes and fierce competition in automated wealth management.

Women need help in investing, and new niche robo advisers are providing a means to achieving financial confidence.

The executive suite transition has been years in the making.

Black employees at the firm say lucrative client accounts were often steered toward financial advisers who weren’t black.

On Wall Street's editors have compiled the raw data behind the latest annual ranking. Here's their take on what to expect before the unveiling of this newest group of elite, young advisers.

The benefits of transitioning to a full-service independent platform are clear, but the process can be tricky and firms must take great care when making the switch.

One of the recruits has more than two decades of experience.

The group is led by a veteran adviser who started her career in the late 1980s.