Economy

Wells Fargo's elite Abbot Downing unit is adding a senior consultant to the team overseeing client education programs for ultrawealthy clients.

Two Morgan Stanley advisors managing $348 million in assets have left to join Wells Fargo Advisors.

Credit unions generated more revenue from investment sales based on deposits than did banks large enough to own their broker dealer.

The St. Petersburg, Fla.-based firm's independent broker/dealer has recruited veteran advisors James L. Switzer and Eric M. Cobb from Morgan Stanley.

The FPA’s new president-elect, Pamela Sandy, wants to help create a more diverse face of the advisory profession, raise the organization’s profile among lawmakers and build a culture at the organization to attract a new generation of planners.

A Raymond James advisor has left the firm to join U.S. Capital Advisors, a small regional wealth management firm experiencing rapid growth.

A set of mid-1990s recommendations aimed to reform Wall Street's culture. They didn't, however -- and the real losers were investors.

Several factors are pressuring margins for everyone in planning, says LPL Financial's Bill Morrissey.

Employee Stock Ownership Plans can provide company owners with a long-term exit strategy that offers cash flow, tax advantages and an opportunity to pay back employees.

A former Merrill Lynch advisor has joined Abbot Downing, a unit of Wells Fargo that serves ultra-wealthy clients.

Federal Reserve Bank of Boston President Eric Rosengren said brokerage regulation needs a “major re-examination” to prevent funding shortfalls during a crisis and that brokers should have higher capital requirements.

'Our main objective is organic growth,' says Larry Roth, chief executive of Cetera Financial Group.

HighTower recruited a Merrill Lynch advisor team managing $800 million in assets.

Advisors must make several key business decisions to go independent, says Shirl Penney, founder of Dynasty Financial Partners.

As a FINRA task force is scheduled to review the regulator's arbitration process, critics are charging that firms are using U5 termination forms to sully advisor reputations.

The CEO of one of the largest planning firms makes his own estate planning move.

When work isn't perfect, advisors should seek change, but be flexible about it. Here's how to get started.

Stifel Nicolaus picked up a Baird advisor managing over $170 million in assets.

Wells Fargo Advisors picked up an advisor team with $300 million in client assets from Morgan Stanley.

To meet rising client demand for digital services, Wells Fargo appointed Devon McConnell as its new head of Wells Fargo Advisors Digital to oversee development of the firm's mobile and online client platforms.