Economy

A 33-year industry veteran heads the three-member group.

The firm recruited three advisors to its employee and independent channels from rivals Edward Jones, Wells Fargo and MetLife Securities.

A father-and-son team from Janney Montgomery Scott joined the wirehouse.

Dwight Freeney, who played with the San Diego Chargers last season, claims the bank set him up with an unqualified private banker and her "notorious financial predator" boyfriend, according to court documents.

The two advisors were banished from the industry late last month for allegedly stealing money from customers, joining nine others who have been barred by FINRA so far this year.

Wealth management firms are implementing more behavioral bonuses while also making a larger share of comp deferred.

The wirehouse landed five recruits from Stifel, Morgan Stanley and RBC.

Advisors face a shifting landscape on both competitive and economic fronts. Many argue that it's time to scrap the AUM fee altogether.

Raymond James added a Wells Fargo advisor who managed $175 million in client assets.

The advisor, now barred from FINRA, allegedly violated his firm's policies and FINRA rules when he borrowed money to build a oceanfront vacation rental.

Four advisors joined the firm from rival brokerage D.A. Davidson.

The partnership will help the bank expand the financial advisory services available to business owners in the New York metro area.

An arbitration panel confirmed that a former advisor will pay back a promissory note to Morgan Stanley - almost 10 years after leaving the firm.

Launching another volley in the fight over a national fiduciary standard, an investor advocate group argues that brokerage firms are misleading investors.

Traditional firms must boost their digital wealth management tools or risk being overrun by those that already do.

Northwestern Mutual, the nation's second-largest life insurance company, is buying LearnVest, an online financial planning start-up founded in 2009.

Affiliated Advisors Group, which manages approximately $600 million in assets, will operate as an OSJ branch within Royal Alliance, part of the AIG Advisor Group network.

John Lipari and Richard Ribek say they chose Raymond James' "client-first culture."

By poaching Ruth Porat from Morgan Stanley, it's clear Google wants to forge closer relationships with banks. That's because banks hold the key to helping Google expand Google Wallet.

Lendio, an online lending marketplace for small business, raised $20.5 million of equity capital in a recently completed funding round.