Economy

Ameriprise had a busy recruiting month in July, adding four advisors managing over $350 in assets to its franchise channel.

UBS is considering buying a wealth-management firm in Brazil as it seeks to expand that business sevenfold by 2020, said Sylvia Coutinho, chief executive officer of the lender’s Brazil unit.

Walk into any wealth management firm, and chances are there won't be any African-American advisors at all. What's causing the diversity gap - and how can the industry fix it?

In an exclusive interview, Tash Elwyn, president of Raymond James & Associates, explains why the firm is enjoying recruiting success and where its future growth will come from.

The SEC charged an ex-UBS broker with defrauding elderly clients of $730,000, which she allegedly used for vacations, a country club membership, vehicles and clothes.

Raymond James has picked up a UBS advisor team that had annual fees and commissions of about $1.9 million.

Derek Bruton takes the top job at a firm with historical ties to an advisor that the SEC has barred from the industry.

Focus Financial Partners named Dan Sontag, a former president of Merrill Lynch's global wealth management unit, to its board of directors.

Wunderlich Securities picked up an advisor with $70 million in client assets from Raymond James & Associates.

It's a busy recruiting season for Wells Fargo, which announced that it has added four wirehouse advisors managing about $450 million in assets.

Merrill Lynch has transitioned more than $100 billion onto its new platform, Merrill Lynch One, which executives say is the biggest technology upgrade in decades.

Increased operating expenses and higher than anticipated regulatory costs and fines contributed to a 4.4% drop in second-quarter net income at LPL Financial.

The $400,000 Social Security question; Generating income in low-yield world; When conventional wisdom is good enough

Entrepreneurial advisors are leaving the wirehouses and constructing new business models the industry hasn't seen. But before joining these trailblazers, other advisors should think about what it is they want to change.

UBS Wealth Management Americas reported record revenues of $1.89 billion, but profits slipped 3% year-over-year, due in part to higher compensation expenses.

After leaving LPL for NFP, Washington Wealth brings its breakaway advisor total to seven for the year thus far.

HighTower has expanded its West Coast market by picking up an independent team with $400 million in assets in Bellevue, Wash.

Merrill Lynch's expanding financial boot camp deepens relationships by helping wealthy clients ensure that the family fortune lasts beyond this generation and the next.

Raymond James is launching a new education campaign to arm the firm's advisors with tools and techniques based on research from MIT's AgeLab.

As the firm pursues growth, Raymond James executives are striving to maintain its intimate feel and regional firm culture.