Economy

The 'very, very conservative' company is looking for niche deals, not major acquisitions, said CEO Paul Reilly.

UBS grabbed a former Merrill Lynch advisor who managed $500 million in client assets.

The contentious issue of harmonizing fiduciary responsibilities remains high on the agency's to-do list, though a timeframe for when a proposal might materialize is far from certain.

Benjamin F. Edwards snapped up four advisors from Wells Fargo and opened a new office in Pensacola, Fla.

When financial planners launch a firm, success hinges on knowing how to run a business.

Two Merrill Lynch veterans who generated about $1.6 million have left the wirehouse for Raymond James & Associates.

UBS is shaking up its wealth management executive ranks, bringing in Paul Hatch as group managing director, in a move that the brass says will better serve advisors and clients.

In cases heard by an SEC administrative law judge or a FINRA hearing panel, a study finds, 46.7% of broker-dealers, advisors and registered reps succeeded in getting charges dismissed or lowering the sanctions imposed.

Morgan Stanley has lost two advisor teams that managed more than $400 million in assets.

Emboldened by a newfound sense of what their investment programs offer, more banks are turning to wirehouses for recruits.

Morgan Stanley is reshaping its executive ranks, appointing new heads for its private wealth management business and capital markets.

Hoping to catch the baby boomer retirement wave, Merrill Lynch unveils a new approach to financial planning.

Raymond James has recruited a veteran advisor from Morgan Stanley where he managed more than $360 million.

Stifel, Nicolaus & Company picked up two wirehouse teams that managed more than $1 billion in combined AUM, boosting the St. Louis-based firm's presence in the Carolinas to 18 offices from 15.

Market Street will hardly be the only new kid on the block fighting for market share in New York.

Kevin Keefe replaces Adam Antoniades as RCS boss shuffles executives for the first time since buying five IBDs.

A former Morgan Stanley advisor team that managed $600 million in assets has left the wirehouse to join forces with HighTower.

Former wirehouse complex manager Tony Sirianni launches Sirianni Strategy Group, a consulting and marketing firm, to help independent firms attract wirehouse advisors.

Record net income from UBS Wealth Management Americas contributed to strong quarterly earnings for the Swiss bank.

Two former wirehouse advisors that managed more than $80 million in client assets have left Wells Fargo to join Raymond James & Associates, the firm's traditional employee/broker-dealer.