Economy

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.

The regulator sanctioned the brokerage firm for supervisory failures that stretched over a nearly two year period.

The firm was "cut out" from an entire class of advisers, says CEO Alexandra Lebenthal.

Rick Ulmer, the former regional executive for insurance services in the Mid-America region, will now oversee insurance operations in 10 states.

Former Philadelphia Eagles player Merrill Robertson Jr. funded "luxurious" lifestyle with life savings of football coaches, complaint says.

Paul Morris is one of a growing number of recruits that the wirehouse has rehired after they had previously left the firm.

Arbitrators for the regulator also awarded an expungement to Dale Cebert, who claimed a campaign to damage his reputation followed his termination from the wirehouse.