Economy

The firm said pretax profits for its global advisory business rose 24% from the year ago period.

Four advisors made the move between the wirehouses.

Two advisors left the wirehouse where they generated more than $1.1 million in annual revenues.

Looking for a new home for your practice? Here's what you need to consider.

An upcoming forum for regulators and industry professionals will discuss the SEC’s compliance oversight, cybersecurity, anti-money laundering, and approaches to supervision and sales practices.

There is an opportunity for the industry to learn from technology and get better, said Merrill Lynch Wealth Management head John Thiel.

Competitors from traditional and digital sectors of wealth management weighed in on the debate over industry disruption at the LinkedIn FinanceConnect conference in New York.

The regional broker-dealer landed a former business director from Lifetime Financial Growth, who also worked for Merrill Lynch and Lehman brothers.

Cetera's assets under management climbed to $46 billion for the first quarter, up 32% from $35 billion for the same period last year. Adjusted EBITDA soared 50% to $36 million.

Envestnet's acquisition of Finance Logix marks the latest in a string of big firms snapping up advisor-focused technology providers.

Andrew Parish, publisher of the wealth management gossip site, admitted he failed to pay more than $341,000 in employment taxes for his recruiting business, Axiom Consulting Group.

Two advisors that produced $2.15 million in annual revenue joined Raymond James Financial Services, the firm's independent broker-dealer.

The head of UBS' Client Advisory Group Bob Mulholland is set to retire, and will be replaced by fellow executive Brian Hull according to an internal UBS memo.

Two other groups that managed more than $300 million also move to the wirehouse.

New hires join the firm's employee and independent channels.

Profits fell 1% at the wirehouse's Americas wealth management unit this past quarter, as advisor headcount continued to slide.

The trio collectively supervised about 200 advisors who oversaw more than $17 billion in client assets for UBS and Wells Fargo.

Sage Private Wealth recruits an advisor with about $1.3 million in annual revenue -- and a family resemblance.

Learn how these leaders are focused on growing the advisor ranks and helping them build bigger businesses.

This year's elite leaders, nominated by their staffs and selected by a panel of judges, reveal their strategies for helping advisors and boosting AUM.