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February

Classic investment style boxes are out and themes are in, Burt White, LPL Financial’s managing director of research, told advisors.

In the fourth quarter, fees and commissions from trust services generated $22.0 million, a 23% increase from $17.9 million a year earlier.

For RBC Wealth advisor Samir Murty, number 15 on the Top 40 Under 40 list, providing personal advice requires both an understanding of the numbers and effective communication.

The firm has recruited two large wirehouse teams to open a new office in Stuart, Fla.

Revenue and earnings rose for the year as the firm reported solid growth in its wealth division.

The new top executive at Cetera Advisor Networks said he plans to emphasize growth in 2013.

The firm has hired the former head of Wells Fargo’s advisor development group to help open an office in the Northeast.

The bank has been investing heavily in the wealth management business in terms of hiring and training staff as well as new technology.

Cetera Advisor Networks has added a new four-person advisor team to its Virginia region.

Morgan Stanley Wealth Management has snapped up five financial advisors from UBS who previously managed $750 million in client assets.

For J.P. Morgan Securities financial advisor James Odorczuk, who lands at number 16 on the Top 40 Under 40 list, making decisions on behalf of clients is a team effort.

The advisor population is “stagnant and aging;” older advisors may not relish the hassles of a moving to a new firm. Meanwhile, barriers to entry for new financial advisors remain high–less than 15% of trainees succeed in establishing a viable business.

A U.S. judge said the Internal Revenue Service can demand information from UBS AG about U.S. clients of Wegelin & Co., the Swiss bank that pleaded guilty this month to conspiring to help cheat the IRS.

Morgan Stanley financial advisor Jack Riley, number 17 on the Top 40 Under 40 List, says that offering well-rounded services to his corporate executive clients has helped bring him success.

Now that the layoff era is finally over for Wall Street, large financial institutions are beginning to grow their teams again. But they are not the only ones that are on the lookout for fresh talent.

Less than a week after announcing that it had nabbed a trio of Morgan Stanley advisors in Pennsylvania, Raymond James has added another Morgan Stanley team with more than $700,000 in production.

UBS financial advisor David Lugo, number 18 on the Top 40 Under 40 list, says that close community ties in Puerto Rico have helped foster the success of his practice.