Going independent

The five consultants spent a combined 55 years at the No. 1 IBD, and they set up shop near two of its main corporate offices.

Some brokerage firms are concerned that the tax overhaul could spur their employee advisors to set up their own shops or switch firms to lower their tax bills.

Nearly two dozen mega teams switched employers, but few went to a wirehouse.

Despite Merrill Lynch’s recent decision to stay in the Broker Protocol, Greg Fleming sees a long struggle ahead.

The buyer of the broker-dealer to some 1,200 hybrid advisors is not a private equity firm.

Brokers' top questions and concerns about the protocol's demise answered.

A massive acquisition, the possible end of the Broker Protocol and other issues will shape the industry in 2018.

Morgan Stanley alone lost 11 teams managing about $7 billion after its abrupt exit from the protocol pact, according to recent hiring announcements.

The wirehouse advisors joined the firm's independent broker-dealer.

While it was driven by the big firms’ desire to avoid litigation costs, there was a catalyst, without which I believe there would have been no pact.