Financial institutions

"If we don't grow, then we abdicate that opportunity to our competition," says James Weddle, managing partner of Edward Jones, which hopes to surpass Morgan Stanley as the industry's largest brokerage by headcount.

Customers continue to be underwhelmed by banks’ customer service. Even worse, young customers see very little difference in services from one bank to another.

The wirehouse lured away a team that managed $750 million from Barclays, which recently announced a deal to sell its U.S. wealth management division to Stifel.

The wirehouses aren't fading yet, but many independents argue that these firms will need to change dramatically to retain market share.

Merrill Lynch lured back three advisors after seven years with rival UBS.

Things have changed and will continue to do so; advisors shouldn't be deterred.

KeyCorp in Cleveland has hired Gary Poth as head of its family wealth division at Key Private Bank.

JPMorgan sued six former executives who defected to rival Morgan Stanley, seeking a court order blocking them from enticing clients to follow.

Three industry veterans left the wirehouse space to join U.S. Capital Advisors, a small dually-registered broker-dealer and RIA.

Two advisors left the wirehouse to join the large regional brokerage, representing the latest in a recent string of mega teams that have switched firms.

Two brothers working for Merrill Lynch, where they had overseen $620 million in client assets before making the move, join the rival wirehouse.

Two recruits joined the regional brokerage from rivals Merrill Lynch and Wye Financial & Trust.

Independent financial advisors list the advantages they have found tailoring fee structures to their and their clients' liking.

The three advisors all joined the super-regional firm from Janney Montgomery Scott.

Some breakaway advisors duplicate some of the rah-rah found at their former employers, others relish the newfound informality, but either way, they get to set the tone.

More than two-thirds of brokerage and RIA executives say there aren't enough young advisors to go around, according to a Fidelity survey.

The wirehouse pulled in recruits from rival firms UBS, Morgan Stanley, J.P. Morgan and Barclays.

The brokerage model as the industry knows it may be pushed aside by a future fiduciary standard.

Wells Fargo Advisors hopes to have 5,000 out of its 15,000-plus advisors using social media tools next year.

Aggressive transition packages, expiring contracts and deals adding up to a 400% payout for some advisors are helping wealth management firms recruit new teams.