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.

At least 270 advisors with $11.1 billion in client assets have left NPH firms since the acquisition.

The firm aims to maximize its value to advisors, but observers caution that it faces big challenges.

The wirehouses have lost teams overseeing more than $12 billion in client assets over the past month, according to recent hiring announcements.

New firm registrations have soared by 75% over the past five years, according to Schwab.

The firms dominate the space, but they face headwinds in a changing industry, Cerulli says.

The move marks the second wirehouse grab this year for Kestra PWS with more to come, its CEO says.

As technology forces rapid evolution, conditions will improve for entrepreneurial women.

Advisor Kevin Keith pointed to HighTower’s technological capabilities and a fiduciary culture in his decision to leave the wirehouse.

As RIAs and regulations reshape the industry, the concern is real, a new Cerulli report says.

Greg Fleming was tapped to become CEO of the newly formed Rockefeller Capital Management.