Economy

The adviser's job is about to get harder, and some old dogs are going to have to learn new tricks in order to survive.

The new recruits joined the wirehouse from Merrill Lynch and UBS.

Why advisers should step up their game as the industry goes robo.

Wealth management leaders are weathering current markets while aiming to jumpstart AUM growth with expanded client services and new tech tools.

Yet that wasn't Merrill's only recruiting success, as the wirehouse also picked up a team overseeing more than $500 million in client assets.

Some insiders at big brokerage firms encouraged the DoL to maintain progress. "That kept us going," Assistant Secretary of Labor Phyllis Borzi says.

Sales commissions may decrease, but new assets are expected to come on the platform.

The recruits moved to the firm from Morgan Stanley, Wells Fargo, Stifel and Voya.

Vice Chairmen Dan Cummings and Sam Chapin, who helped meld the wealth management firm to the bank after the financial crisis, are stepping down.

Firm relaunches as Aretec – Cetera spelled backward; new owners are undisclosed.

The recruits made the move between wirehouses with two client associates.

The recruit generated $1.7 million in annual production before making the move.

Commission staffers are probing how broker-dealers are handling ETFs and the extent to which investors understand the risks of the funds.

Judge’s decision paves way for the Cetera subsidiary’s IBDs to move past RCS troubles; retirement benefits are unaffected, judge says.

The recruits generated $1.8 million in annual production before making the move.

In an unusual move, the two veteran advisers left the independent channel to rejoin an employee broker-dealer.

As Cetera parent RCS Capital moves toward bankruptcy emergence, the IBD will shutter two smaller IBDs, leading to likely loss of unknown number of advisers.

Recent market and economic headwinds have dampened growth at all three firms, which have been striving to grow through recruiting and acquisition deals.

Keeney Financial Group plans to leverage Triad affiliation to grow, firm founder says.

The head of the advisory group also was returning to where his career started.