Economy

Recruiting "is as competitive as I've seen it in the last 10 years," says LPL exec.

One goal is to fully automate LPL's roughly 20 million pages it uses each year and eliminate the experience of working in an office over-filled with files.

Merrill has lured away other big producers from rival wirehouses in recent months.

Two former employee advisors with $240M in AUM join independent firm.

“The changes we announced today makes the [robo] cost issue go away,” LPL Chairman and CEO Mark Casady tells Financial Planning.

A recruit from the banking channel at Wells Fargo moves to the regional's independent broker-dealer.

UBS lost a two-decade veteran to rival Merrill Lynch.

For the third time in the past year, the wirehouse discharged a long-time advisor with a big book of business, this time alleging "inappropriate workplace behavior."

The departure comes as the British firm prepares to transition its advisors over to Stifel, which is acquiring Barclays’ wealth management operations.

A $1.6 million producer left J.P. Morgan to rejoin the Canadian bank's U.S. brokerage.

The firm reported solid growth and record advisor productivity in its wealth management business.

Recruiting stayed strong as Raymond James reported a 6% increase in quarterly profits for its wealth management unit year over year.

The top rankings change considerably when the B-D networks are considered as single operations. Here's an all new top 10 list.

The bank generated $97 million in second-quarter revenue from its brokerage, trust and insurance operations, up 7.8% year-over-year.

Established wirehouse advisors have more choices than ever before, but these mistakes can abort potentially lucrative new relationships before they even get off the ground.

The wirehouse picked up three advisors from rivals Morgan Stanley and UBS.

Three recruits from the wirehouses join the hybrid RIA Washington Wealth.

James Simons, who founded Renaissance Technologies, hired Ashvin Chhabra to run his family office, leading to a shift in executive roles at Bank of America Merrill Lynch.

The advisor agreed to a lifetime bar from the industry after a hacker who impersonated a client persuaded him to illegally transfer $160,000 of client funds.

Holding special events and activities for clients can strengthen relationships with wealthy individuals in your business, as long as advisors keep within compliance.