Economy

The wirehouse hires recruits from Credit Suisse and Merrill Lynch.

Three veteran advisors left the wirehouse to join the super regional.

Both wirehouses also see client assets shrink.

Voices: The DoL is restricting investor choice and casts an unnecessarily critical light on existing B-D relationships that only follow a suitability requirement.

The addition of the country's largest IBD network demonstrates how much value BlackRock has created from its $152 million deal for Silicon Valley-startup FutureAdvisor last August.

On Wall Street honors the industry's leading branch managers.

Leo Goeas says one of the biggest challenges of coming back home was reinventing his personal brand as an advisor when many still recognized him as an athlete and agent.

Ameriprise lost several arbitration cases in attempt to claw back more than $800,000 in stock awards the firm gave to two former employees.

To get a head start on the new rules, Janus Capital’s Matt Sommer suggests these smart moves.

Exclusive: Top Labor official says, “If we think there is some continued abuse that hasn't been adequately addressed, we'll figure out what to do."

Merrill Lynch's John Thiel was pleased the new regulation addresses several "practical concerns" made during the comment period.

“A great win for the middle class," a proponent says, as others note the changes already occurring at planning firms.

Voices: The fiduciary rule is not complicated. If you don’t want the responsibility of being an advisor, don’t call yourself an advisor or imply you are one.

Private equity firm gets in advice business as another insurance company gets out.

Recruits from UBS and Morgan Stanley left the wirehouses for the independent side of Wells Fargo.

Three former advisors at the wirehouse accuse Merrill of failing to provide them with adequate support to serve international clients.

The duo oversaw $700M in client assets before joining the wirehouse as part of a unit working with clients from Latin America.

A FINRA arbitration panel sided with UBS, which sought damages for breach of promissory notes.

A Fidelity survey reveals who made what in one of the industry's most opaque segments.

Labor Department event planned for next week.