Economy

The regional BD’s new hires in January have averaged more than $100 million in AUM.

If these black financial advisors meet the goal, it will defy the industry's stark racial disparities: early career growth at that level just “doesn't happen in our demographic,” one partner says.

Some of Wall Street's most prominent executives have this in common: a long tenure.

The wirehouse boosted profitability even as advisor headcount dropped.

The bank is an aggressive recruiter of HNW and UHNW talent.

The firm plans to entice new customers through its stock plan administration and financial wellness businesses.

The firm typically trains its own advisors in lieu of recruiting talent from the competition.

The firm added 40,000 new accounts last year and hit a record $3 trillion in client balances.

The size of the firm's class compares with 145 last year.

The recruits include a father-son duo from UBS.

The bank continues to struggle with attrition due to scandals, regulatory scrutiny and a graying workforce.

Planners — and RIAs that want to hire them — have faced hurdles tied to client solicitation rules.

The regional broker-dealer is among the industry’s most aggressive recruiters.

The No. 1 IBD adapted the Envestnet planning software to its digital advisor workstation as it looks for ways to maximize advisors’ efficiency.

The Avantax Wealth Management parent views HK Financial as another way of working with CPAs and tax professionals branching into the field.

The bank created a new unit that houses its Marcus online lending business and credit-card venture with Apple.

The changes are the firm's latest steps in a broad reorganization of its wealth management business since it hired Iqbal Khan from rival Credit Suisse.

Rivals will be waiting to seize on any changes that may irk some 4,400 representatives poised to operate under a new parent IBD network.

The record level of transactions — as well as long-term industry shifts — often prompt advisors and other wealth management professionals to assess their options.

The advisors left Wells Fargo, signaling Stifel’s recruiting push will extend into 2020.