Economy

A couple who bought a business using money from their self-directed IRA faced a big tax bill as the value of the business increased; Plus, how to transition your clients before you retire.

Raymond James & Associates lured away a wirehouse team with $116 million in AUM.

The wirehouse named former football pro and advisor William Thomas to head the firm's San Francisco complex.

From the breakthrough performance of 'robo advisors' to Schorsch's big grab, the advisory industry has seen major changes in 2014. Here's a look at the most important events and trends pushing the industry forward this year.

The National Adjudicatory Council upheld an earlier ruling finding Wedbush liable for failure to file accurate and on-time reports of customer complaints and broker registrations.

RCS Executive Chairman Nicholas Schorsch and two other top executives resigned from American Realty Capital Properties.

A Wells Fargo team left the wirehouse to join Raymond James & Associates.

UBS advisors with growing practices may earn more money in 2015.

An advisor managing $181 million in assets left Morgan Stanley for the Swiss firm.

TK

Merrill Lynch compensation remains mostly the same next year, with some tweaks to smaller accounts.

Mega teams spend months, sometimes years, in the effort to find a new home and transition their oversized books.

The three founders of Concord Equity Group Advisors, a firm LPL bought in 2011 after the RIA allegedly hid commissions from its institutional clients, settled with the SEC.

Raymond James & Associates recruited an advisor managing more than $191 million in assets from regional rival Stifel.

The wirehouse brought over five advisors from UBS and Citi Personal Wealth Management.

The team, known as Madison Street Financial Group, generated $3.5 million in annual revenue.

HighTower recruited a Merrill Lynch advisor to join a group that broke away from the wirehouse earlier this year.

An advisor team generating $6.7 million in annual revenue has left J.P. Morgan Securities for Raymond James & Associates.

An ex-Ameriprise franchise advisor was fined and suspended by FINRA for allegedly copying and pasting client signatures onto documents.

A new addition to Raymond James & Associates helps further the firm's growth plans.