Economy

Schwab sought restitution in arbitration after an advisor left its Private Client Group to join Merrill.

Two wirehouse advisors generating almost $1.7 million jumped to Steward Partners, an independent firm affiliated with Raymond James Financial Services.

Two complex directors moved up the ranks at the wirehouse.

Ted Cruz's wife Heidi is taking an unpaid leave to join the campaign of the Republican presidential candidate.

The recruit generated $614,000 in production at his former job.

If regulators can't tell the cultural differences between wirehouses and independent RIAs, Bob Veres has put together a few survey questions they can use.

LPL's "lagging earning results" led the company's compensation committee to cut Mark Casady's bonus by 40%. But Casady also got $6 million in stock options.

For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.

A FINRA arbitration panel also orders the expungement of the advisor's termination records.

The firm left John Stumpf's pay unchanged at $19.3 million after the firm generated a bigger profit than any other U.S. bank for a second straight year.

The wealth manager was ordered to pay back Wells Fargo, while he still faces seven client complaints coinciding with UBS' Puerto Rico bond troubles.

Wealth managers who managed over $800 million in combined client assets have joined the wirehouse, according to a spokeswoman.

The elite Bank of America brokerage unit created a new executive role to oversee philanthropic services.

Will the firm's latest deferred comp measure drive advisors away and hurt recruitment? Recruiter Danny Sarch weighs in on the new plan.

The heads of the employee and independent advisory channels will report to Ameriprise CEO Jim Cracchiolo when Don Froude steps down as president of the firm's Personal Advisor Group.

Leaders at the biggest firms are looking to deferred compensation and other ways to grow shareholder value and control costs.

Behind the scenes, tension was building in the executive suite, according to insiders. And Moore's departure appears to have been the result of an internal rivalry with the man who replaced him as president.

An avid surfer, this wirehouse recruit made the move to Integrated Wealth Management.

A wealth manager has been hit with 14 customer disputes since entering the industry in 2005, FINRA records show.

The wirehouse grabbed a group that produced $2.5 million at RBC.