Economy

The firm agreed to pay $225,000 for failing to adequately supervise its registered representatives, one of whom allegedly bilked elderly clients of over $300,000.

Raymond James & Associates tapped a former Morgan Stanley exec and RIA co-founder as regional director.

Advisors Patti Brennan and Judy Rubin offered tips on communicating value to new clients.

Wealth managers from separate teams moved to the wirehouse.

Advisors must do a better job nurturing new women advisors and engaging female clients. Even so, AIG Advisor Group CEO Erica McGinnis has high hopes for women in the industry moving forward.

CFO moves up as departing exec heads to asset management shop.

Management roles at the wirehouse have shifted following the announced departure of a key executive.

James Gorman and other executives got performance-based stock awards that have more than doubled in value since they were granted three years ago.

To court young talent, banks are reimagining their ads for positions like call center agents and video tellers as YouTube clips. They are also finding ways to make applications easier to fill out on mobile devices.

Two groups representing five advisors left Morgan Stanley to join RBC.

After 18 years with LPL, veteran advisor Edward Metz leaves for more personalized service at the smaller BD.

"Some of the volunteer work that I was doing early on just kept growing on me and I found that I love being able to create change," says Russell Goldstein.

Here's how the industry's leading experts say you can protect your data and your practice.

In a rare independent-to-employee move, four independent advisors joined the employee channel of Raymond James.

After the company combines its custodian and clearing businesses and launches a new tech division, advisors should be alert to any service changes.

Wealth-management profits fell 2.1% to C$230 million, after recording C$27 million in restructuring costs for its U.S. and international operations, while insurance earnings rose 18% to C$185 million.

The liabilities your broker-dealer faces when supervisors oversee wealth managers both inside and outside your practice.

Just after a $150 million deal to acquire rival Sterne Agee was announced, quarterly profits in the firm's wealth management division were up 6.5% year-over-year.

Retail advice revenue accounted for roughly two-thirds of RCS's total full-year revenue of $2.8 billion, but the company's 2014 loss was almost 100 times greater than in 2013.

John Stanton Verble is suing Morgan after he says he was fired for helping federal authorities investigate one of the firm's clients.