Financial institutions

Industry insiders say wealth management is going through its biggest upheaval in decades.

"It was terribly important to us that we were participating and supporting a partnership with a firm that is innovating and has strong backing," said Richard Steinmeier, head of the Wealth Advice Center at UBS.

Some wirehouse branch managers have made the transition to the independent channel, but doing so takes careful planning, experts say.

The new recruits are opening a new office for the independent firm.

The branch is staffed by 22 advisers, most of whom are recent recruits from Credit Suisse.

The UBS Americas president explains why he thinks the industry's pursuit of top talent has gone too far.

The Gryphon Group generated $1.3 million in production before leaving the wirehouse.

Analysts and industry insiders are divided as to what impact the wirehouse's revamped plan may have on rival firms and breakaway advisers.

President Tom Naratil says the firm will recruit less, spend more on advisers already at the firm and give additional power to branch managers.

Prior to her financial services career, the recruit was a U.S. Army reservist working as a Russian linguist.

The bank, which operates in 12 states, is bringing customers in the door even as it cuts its retail square footage by half. The lure? The offer of a financial "checkup" that tens of thousands of people have accepted.

The wirehouse's latest recruit generated about $1.9 million in production.

The new recruits joined the wirehouse from Merrill Lynch and UBS.

Why advisers should step up their game as the industry goes robo.

Wealth management leaders are weathering current markets while aiming to jumpstart AUM growth with expanded client services and new tech tools.

Yet that wasn't Merrill's only recruiting success, as the wirehouse also picked up a team overseeing more than $500 million in client assets.

The recruits moved to the firm from Morgan Stanley, Wells Fargo, Stifel and Voya.

Vice Chairmen Dan Cummings and Sam Chapin, who helped meld the wealth management firm to the bank after the financial crisis, are stepping down.

The recruits made the move between wirehouses with two client associates.

The head of the advisory group also was returning to where his career started.