Economy

The wirehouse is also reorganizing how it deploys a number of product and service consultants and technology specialists.

The wirehouse advisers generated a combined $2 million in annual revenue at the time of their departure.

The country's largest independent broker-dealer says compliance with the new fiduciary rule will offer competitive advantages.

The case, filed on behalf of an on-call branch office manager who works with advisers, follows similar retirement plan-related litigation recently filed against other firms, including Morgan Stanley.

Veteran Jason Miller was named to a new post as head of Wealth Planning in the U.S. He is supported by four regional leaders who are also new to their roles.

This in-house position helps one firm attract larger clients and build contractual relationships with descendants.

The firm says it has put regulatory fines in its rearview mirror, has invested in tech upgrades and has devoted resources to helping advisers adapt to the DoL fiduciary rule.

Plus, Benjamin F. Edwards and Ameriprise each add recruits with more than $600M in combined AUM, and Morgan loses a $500M group.

How many women advisers work for the leading independent broker-dealers?

The advisers, one of whom is a former football coach, are among the first to join the wirehouse since UBS unveiled sweeping changes to its comp plan.

The veteran wirehouse recruit has 34 years of industry experience.

The chief executive of Foothill Securities said he was motivated to look for a buyer for some assets because of rising compliance costs.

These 12 program managers from our ranking have logged a combined 375 years in the wealth management industry.

The platform provider has added an estimated $1 billion in assets in two months.

Doris Meister, formerly president of U.S. Markets for BNY Mellon Wealth Management, also joined the bank's 15-member management group.

The new member of Cetera's executive committee is knee-deep in efforts to ready institutions and their advisers for the implementation of the new regulation.

In a rare interview, Andrew Ceresney reveals the commission's beefed-up efforts, and what advisers should know.

Profits and revenues are down for all but one of the brokerages.

ValueAct likes Morgan Stanley’s shift to asset-light, fee-based businesses such as wealth and investment management, and said CEO James Gorman has shifted the bank to “growing fee streams that do not require much equity capital to grow.”

After taking away CFPs' right to sue the board, it makes two concessions to critics. Still, the process points to governance problems at the board, Michael Kitces says.