Economy

A team managing over $200 million is the second move this month between the two wirehouses.

Creating a high-end brand from scratch is a daunting prospect, says Jeff Spears, chief executive of Sanctuary Wealth Services.

"We are reasonably confident that going into 2016 regulatory expenses will be down substantially," says LPL's acting chief financial officer Tom Lux.

Wells Fargo adds three recruits, including one from Morgan Stanley, to grow its independent channel.

An arbitration panel ordered the wirehouse to pay two former clients $250,000, a mere 10% of what they originally sought, in a case involving the sale of funds of Puerto Rican municipal bonds.

A former Wells Fargo FiNet affiliate has signed on with Raymond James' independent broker-dealer.

While the group moves between wirehouses, Morgan picks up more recruits from Barclays.

Since last month, Morgan Stanley has lost about a dozen advisors overseeing more than $1.6 billion in client assets to rival wirehouses and regional B-Ds.

After 17 years with LPL, planner says the large B-D's service dropped off.

"This disturbs me to the core," Sheryl Garrett says after FINRA election; new FINRA leader says his views were distorted.

The move "is not part of a broader consolidation strategy," Cetera maintains.

Swiss firm recruits a three-advisor team with more than $400 million in assets after losing over a dozen advisors to rival wirehouses in July.

Analysis: The case of the one-time billion-dollar advisor who was barred from the industry gives cause for wealth managers to make sure they are within the bounds of the rules.

How the wirehouse and a new training program will bring in 1,500 new recruits.

More defections hit the British bank's wealth management unit as it nears its deal to merge with Stifel.

"Make no doubt about it, we are not near a recession," says LPL chief investment officer Burt White.

Advisors keep slipping away from the regional brokerage while it waits to merge its operations with Stifel.

Three wirehouse advisors switch to the super regional's employee channel.

The independent broker-dealer knows it’s in a dogfight to stay competitive in a sellers’ market.