Economy

In the latest in a series of cases, an arbitration panel has sided with a client against UBS, ordering the wirehouse to pay nearly $1.5 million in damages related to UBS' sale of Puerto Rican bonds and closed-end funds.

The former broker turned consultant to planners was in financial straits, his wife told police.

The exit comes a month after Cetera filed for bankruptcy, and after the IBD said it’s having trouble with advisor retention.

Voices: Sometimes ‘intimidating’ but valuable ways to boost referrals find new prospects and build stronger relationships with current clients.

Janney Montgomery Scott hired six advisors, moving the firm closer to its goal of 50 new recruits this year.

Two recruits from Raymond James and Merrill Lynch made the move.

Applying for Social Security benefits early doesn't necessarily mean that applicants will receive the benefits early, an advisor explains to 64-year-old widowed client.

Raymond James lost another advisor to Wells Fargo’s IBD, while several Morgan Stanley advisors made the jump to independence.

The firm hired more than a dozen recruits, mostly from wirehouses.

The wirehouse lost a veteran advisor who generated $1.5 million in annual revenue.

The departure comes two months after Deutsche Bank agreed to sell its U.S. Private Client Services unit to Raymond James.

The brokerage firm adjusted its comp plan for advisors in its employee channel, reflecting similar measures taken by Merrill Lynch.

The advisors left Credit Suisse, passing on an offer to join rival firm Wells Fargo.

While the final revenue figure will not be available until late April, data through the third quarter suggests that bank wealth management businesses may match 2014's record revenue.

It was the first major executive shake-up at the wirehouse since President Greg Fleming quit.

LPL CEO Mark Casady expects "continued pressure on brokerage sales."

Don’t take the leap until you’ve asked yourself these questions about compensation and other important factors.

Two veteran wirehouse advisors joined the independent firm Stratos Wealth Partners, an independent firm affiliated with LPL.

Our annual Top 50 was based on a combination of performance metrics. We've reshuffled the deck to list the advisers based solely on annual production.

Voices: Mariner Wealth's Brian Leitner says there are key steps to take to ensure your practice actually benefits from the new (and costly) tech tools you want to implement.