Economy

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.

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.