Economy

Cerulli predicts that market share gains in the RIA and dually registered channels will likely come at the expense of wirehouses and independent broker-dealers.

The firm recruits a team with advisors from Wells Fargo and JP Morgan.

Three of the four formed a team with $218 million in assets under management.

The advisor was with Raymond James for five years without any customer complaints noted by FINRA.

The latest Schorsch bombshell "makes quality advisors super uncomfortable," says executive recruiter Mindy Diamond.

Nicholas Schorsch has resigned from RCS Capital, New York REIT and 11 other non-traded real estate investment trusts and direct investment programs sponsored by AR Capital.

The Bogart Group was previously with RBC Wealth Management-U.S., managing client assets of more than $600 million.

Winthrop H. Smith Jr., son of Merrill Lynch pioneer Win Smith, gives his take on "Mother Merrill," and how the firm's old culture impacts the present.

Ameriprise advisor Joe De Sena explains how getting involved in a charity changed his practice. "It's about making contributions to their lives in a way that has almost nothing to do with the money."

Merrill's newest recruit managed more than $185 million in client assets while at UBS.

Margaret Towle was most recently a partner and managing director with HighTower Advisors. She's also editor-in-chief of The Journal of Investment Consulting.

A complaint that Schorsch instructed ARCP executives to shift numbers in the company’s second-quarter results to cover up errors from the first quarter is part of a defamation suit against ARCP, Schorsch and former ARCP Chief Executive David Kay, according to The Wall Street Journal.

An attorney for Jorge Posada and Jose Contreras says ballplayers were "victims of fraud, taken advantage of at every turn."

Regulators penalized both the independent and employee channels of Wells Fargo for failing to properly screen over 200,000 customer accounts.

Raymond James' independent broker dealer lured away two advisors producing $1.85 million from Morgan Stanley.

Wells Fargo Advisors is increasing several advisor bonus awards, while its core payout grid will remain unchanged next year.

From the family feud that rocked Nicholas Schorsch's REIT and IBD empires to LPL's regulatory lapses and a wealth management crisis sparked by a CEO's private fund, the advisory industry had a healthy share of lowlights in 2014. Here are some of the most memorable.

"He clearly wouldn't be walking way [from American Realty Capital] if things were business as usual,” says Aite Group analyst Alois Pirker. “The optics are just not very good."

An advisor joined BB&T Scott & Stringfellow to become the firm's latest wirehouse recruit.

With nearly 16,000 firms managing $2.4 trillion in assets, Cerulli predicts the RIA industry will capture 28% of retail investor assets by 2018.