Economy

Morgan Stanley has turned to Wells Fargo and UBS for new advisor hires for the second time this month.

A $1 million producer has jumped from Morgan Stanley to Raymond James in Columbus, Ga.

The 12 largest bank broker dealers boosted their revenue by 8% to more than $1.5 billion in 2012, marking the fourth consecutive annual increase.

First Allied Holdings, an independent broker-dealer, is set to be acquired by RCAP Holdings.

John Hancock Financial Network is picking up another 280 registered representatives?with the acquisition of Symetra Investment Services.

Janney continues to emphasize its focus on the Southeast with the addition of two former Stephens advisors in Columbia, S.C.

Industry leaders will gather in Palm Beach, Fla., for TD Ameritrade's advisor conference to discuss wealth management trends and the future of financial advice regulation.

A National Financial Partners Corp. shareholder sued to block the firm’s $1.3 billion sale to Madison Dearborn Partners LLC’s, a Chicago-based private equity firm.

Hilliard Lyons continues growth in North Carolina with the addition of two former UBS advisors.

Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, named Rich Hunter president and chief operating officer on Friday and also announced new affiliation models for its nearly 1,500 financial advisors.

Payden & Rygel is looking to tap into the broker dealer channel with a new partnership.

Sean E. Ekiert has joined Raymond James as a managing director in Richmond, Va.

Financial Planning released its annual list of the largest independent broker-dealers in June. Here's a list of the top 28 smaller firms based on revenue.

LPL hired Michelle Oroschakoff as chief risk officer and managing director.

The financial services industry has one of the hardest glass ceilings for women to break through according to a recent survey from Edward Jones.

Advisors are wary of BNY Mellon's plan to provide private banking services to RIAs.

With the multitude of challenges confronting investors today, consumers need financial advice more than ever before. But advisors must first capture their attention and engage them. Steve Dowden says advisors need to build a platform to shout their message from.

Stifel nabbed two UBS advisors and opened a new office in Tampa, Fla.

UBS Wealth Management Americas has picked up a financial advisor from regional wealth management firm Hilliard Lyons with $475 million in assets under management.

Are you a wirehouse advisor with at least $93 million in assets under management? Then you are the kind of advisor asset management distributors most want to reach.