Economy

After several annual losses and FINRA fines, call center magnate John Sykes to sell JHS Capital to the country's second-largest IBD.

Collectively, the new recruits from Wells Fargo, Morgan Stanley and A.G. Edwards managed a total of $600 million in assets before joining the firm.

A recent coaching seminar has me recalibrating my understanding of practice management. You may need to adjust yours, too.

These leaders are finding it more difficult to keep a balance between advisors and their firms.

Three advisors were stripped of their CFP designations, 13 were suspended and seven were publicly admonished for technical infractions.

After 20 years with UBS, the nearly 40-year industry veteran will now head a Baird branch in the Midwest.

An advisor's move to HighTower sheds light on an issue that bedevils those making the transition: Whether to risk losing partners -- and possibly clients.

The recruit oversaw $160 million in client assets while at Merrill, according to a UBS spokesman.

The group was responsible for about $425 million in client assets.

Better technology, cultural differences and bigger deals have enabled regional firms to recruit more competitively and keep up the momentum.

CEOs, when questioned in recent earnings calls, offered first impressions of the impacts the proposal may have on the industry.

The company's Private Client Group reported a 2% decline in quarterly profits as the firm continued to ramp up its advisor recruiting.

Recruits from Edward Jones, Morgan Stanley and Barclays leave for the wirehouse.

The firm's wealth management division also reported that pretax operating earnings rose 16% from a year ago.

The wirehouse picked up the Blaustein Clancy Financial Group in New York.

Both wealth managers, who left UBS, also had a combined $289 million in client assets before making the move, RBC said.

One of the advisors managed about $200 million in client assets while working for the wirehouse. The other joins a $500 million team at Janney, the firm said.

About a quarter of fee-only advisory firms we surveyed in February said they had changed their fee structure in the past year (as did 20% of all independent firms). So what did they do? We combed through respondents' individual comments to identify several of the changes firms have made.

"We're betting on financial advisors and personalized financial advice delivered by people," says RJFS President Scott Curtis.

After selling Cetera for a rich $1.15 billion, Donald Marron's Lightyear Capital picks up a $4.7 billion hybrid RIA.