Financial institutions

While large brokerage firms pilot digital advice platforms, D.A. Davidson is holding back to see what works and doesn’t, says a top executive.

He will join a team of ex-Merrill advisers that will oversee more than $370 million in client assets at Snowden.

The firm is not launching a standalone robo service, but says new technology will empower its roughly 7,100 advisers to better meet client needs.

The independent firm affiliated with Raymond James recruits a veteran with nearly 40 years of industry experience.

The firm's newest hire was an ex-Morgan Stanley complex manager.

Truxton Trust has just one office, in Nashville, but it boasts clients in some of the wealthiest locales in the country, including Silicon Valley and New York.

The wirehouse will consider the move if “conditions remain as they are or grow worse,” CEO Sergio Ermotti says.

There's a chance clients won't be able to tell the difference if brokerages adopt uniform standards on investment products.

Earnings have been soft for the industry's biggest brokerages, but lending has helped bolster performance.

The latest intelligence on which wirehouses and regional broker-dealers are offering the biggest recruiting packages to advisers.

The proposal, which would allow more consumers to join class-action lawsuits over disputes, could drive up compliance costs. Agency director Richard Cordray wants more accountability.

Competition is driving up what wealth management firms are willing to pay advisers looking to move, leading recruiters say.

Wealthbalancer's developers say the multiple question approach employed by competing platforms is too general.

Stung by a 16% year-over-year decline in transaction-based revenue, the wirehouse looks to loans, bank products and a contingent of former Credit Suisse advisers for a bounce back.

The bank suffers net income declines, while volatility causes a slump in trading across the firm.

‘Just because you can sell, it doesn’t mean you have to sell.’

Here are wealth management's elite leaders, responsible for landing the best talent and helping to shape the industry’s future.

Tidjane Thiam, seeking to reassure investors about his ability to turn around the troubled firm, pledged to continue efforts to cut costs.

Also, Merrill gained teams with $1.5 billion in combined AUM, while UBS said farewell to a $426 million team.

Financial planners moving to new jobs are jumping less hurdles and increasing AUM, a new study says.