Financial institutions

The firm picked up three recruits from the wirehouse and New York brokerage.

The regional broker-dealer reported profits of $135 million for the past year, up 15% year-over-year.

The challenge for traditional firms like Wells Fargo Advisors, says its new digital head, is taking the reputation it has built through one-on-one client relationships over years and translating that for a digital age.

But net income drops at Merrill Lynch and U.S. Trust, according to first quarter earnings.

How these leaders forge stronger relationships with advisors.

Some of the proposed exemptions could be so expansively interpreted that they permit the egregious conduct that bona fide fiduciary standards are designed to constrain.

The wirehouse reported that wealth management first quarter profits soared 18% year-over-year.

The wirehouse recruited three advisors from rivals Merrill Lynch and UBS.

A Charles Schwab advisor left the firm where he managed about $350 million in client assets, according to a firm spokesman.

The firm says they "are pleased to welcome" Thomas Buck and his team.

The proposed consolidated database would bring together BrokerCheck and IAPD and include data on unregistered financial professionals across the industry.

The fast evolution of technology has many industry leaders trying to figure out whether robo advisors are a threat, a tool or something else entirely.

The two advisors move between the super regionals.

Overall client satisfaction with investment firms held steady, but the J.D. Power report identified at least one missed opportunity for advisors.

Stifel's CEO says his firm is enlarging its footprint in the independent space because clients are migrating there.

Wells Fargo's Mary Mack says advisors should embrace technology as the online retailer and companies like Apple and Uber have changed client expectations.

The allegations, coming from two former clients of the recently dismissed advisor, demonstrate how a big producer could also become a big liability for firms, securities law experts say.

Of the 40 odd banks that own their broker dealer, eight list their wealth management executives among their five highest paid officers.

A former RBC team that had over $1.25 million in combined production has joined Janney Montgomery Scott.

HighTower adds a group led by one of On Wall Street's Top 40 Advisors Under 40.