Economy

The recruit and an already independent advisor opened their own wealth management practice on the independent side of Wells Fargo.

UBS' latest hires managed approximately $1.3 billion in client assets while at Merrill.

By taking a 6.3% stake in LPL, activist investor Marcato Capital is expected to push for big changes, as it has at public companies such as BNY Mellon and Sotheby's.

United Capital plans for a white label version of its financial life management platform and the firm will be announcing an acquisition of a robo solution in the fourth quarter.

The new recruit had generated $2.7 million in production before switching wirehouses. A second advisor from UBS who had $1.9 million also went to Morgan.

The former wirehouse advisors joined Raymond James' traditional employee broker-dealer.

The wirehouse lured away seven advisors from Morgan Stanley.

Three wirehouse veterans joined the super regional's employee channel.

The wirehouse's latest hire also had previously worked two decades at Morgan Stanley, On Wall Street reports exclusively.

The recruit comes from BB&T Scott & Stringfellow, and was previously at Morgan Stanley, according to this On Wall Street exclusive report.

The accused broker worked at Oppenheimer & Co. when the scheme began in 2009.

Two advisors who oversaw more than $220 million in client assets have switched wirehouses.

The former wirehouse advisor declined to participate in the arbitration case filed against her by the firm.

The new recruits opened a new office for Raymond James & Associates, the firm said.

The Canadian-owned brokerage firm promoted a branch manager with 16 years of industry experience.

Panel envisions a recognizable credential that would help investors distinguish between financial professionals committed to clients' best interest and those pushing products.

Greg Hersch, who has been featured in On Wall Street's Top 40 Under 40, has left the wirehouse.

The firm's new hires come from J.P. Morgan.

The firm's latest hires come from Wells Fargo and Edward Jones.

The wirehouse recruited two Morgan Stanley advisors, one of whom was previously terminated by Merrill in 2001, according to FINRA records.