Going independent

In the latest clash after Morgan Stanley's exit from the Broker Protocol, the firm notched a win as the case heads to FINRA arbitration.

The four-member group previously generated about $2.5 million in annual revenue.

The bank is removing hurdles to employee advisors switching channels among other recent initiatives.

The planner wasn’t happy with the direction his former firm was pushing its advisors.

The firm, which has roots going back 130 years, sees a way to potentially turbocharge growth.

Advisors such as Greg Hersch have long found professional fulfillment by leaving wirehouses to start their own firms. But will they soon find that path cut off?

Ex-UBS advisor Greg Hersch says opening his own RIA has been among the most challenging tasks of his career.

The combination of the three practices will establish a key fiduciary advisor in the retirement planning industry.

Wells Fargo, Merrill Lynch, UBS and Morgan Stanley all lost talent in 2017.

The group, which oversaw approximately $300 million in client assets, joined the firm's independent broker-dealer.

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.