Economy

Despite predictions of a coming boom market by Cerulli Associates and others, the leaders of the biggest brokerage firms remain divided about whether to jump into the fray.

The new recruits join from Wells Fargo and Oppenheimer.

Nothing in the 401(k) plan market changes overnight and some caution that while robos may have a valuable role to play in helping prepare employees for retirement, employers need to do their due diligence.

The firm could resurrect its U.S. brokerage business online, analysts say. However, Deutsche executives have said they were unsure about their U.S. plans for automated advice.

The wirehouse recruited the mega team from UBS.

The regional broker-dealer said it completed its acquisition of the British bank's U.S. wealth management unit, but it now expects that less than half of the assets under management will transfer over to the firm.

The recruit previously generated $1.3 million in annual revenue.

Snowden Lane's newest wirehouse recruits opened a California office for the independent firm.

The wirehouse's newest hires come from Credit Suisse, which is looking to exit the U.S. wealth management market.

Employees at the wirehouse learned in a memo Thursday that Chris Wolfe was named CIO, among several other changes.

The firm's 2016 comp plans helps continue an emphasis on growing banking and lending businesses – a top strategic priority for the wirehouse, according to President Greg Fleming.

The wirehouse is increasing thresholds on grid ranges and tweaking some awards.

The institution employs four advisors who have $112 million in AUM.

The fast-growing regional B-D agreed to acquire the brokerage unit of Deutsche Asset & Wealth Management and operate it under the Alex. Brown brand.

The high-ranking recruit will work on the firm's expansion plans and serve as a liaison between branch managers and top brass.

RCS Non-Executive Chairman Mark Auerbach says the decision to shut down its wholesale distribution business is "extremely difficult but necessary."

The recruits include two advisors who joined the employee channel at Ameriprise and three who went over to the firm's independent side.

Here is the best of the best bank advisers, the top half of our Top 50.

One of the 10 largest credit unions chooses Raymond James after an 11-year run with another broker-dealer.

Four advisors from the Swiss firm passed on an offer to join Wells Fargo Advisors.