The slump follows historic lows for the Level II test earlier this year.

After a $70 million fundraising round, the company also plans to begin offering HSAs and emergency savings.

It'a the latest move of a U.S. asset managers expanding into the businesses of private equity and credit.

As independent wealth managers pitch potential recruits on their scale, the IBD network built tools and hired “growth officers” to work with practices.

Hundreds more financial advisors have flocked to the wealth manager this year, driving new highs in headcount, client assets and several other metrics.

Here's what you missed this week in wealth management.

Expenses relating to recruiting and M&A rose at a faster clip than revenue, prompting one analyst to downgrade the company’s stock.

A former Wells Fargo investment advisor stole nearly $3 million from clients, using the money for personal expenses and to buy gold coins, federal prosecutors said.

CEO Ron Kruszewski predicted its independent arm will grow the way the employee brokerage has since the firm hired its first financial advisor in 1997.

Model portfolios gaining steam in wirehouse channel as advisors look to focus on higher levels of client service.

The wealth manager’s financial advisor headcount is rising, along with the productivity of their practices.

The bank's reliance on debt trading caused it to miss out on revenues its peers enjoyed.

One firm made three small changes that could appeal to brokers, while the other company’s overhaul will make it more closely resemble its competitors’ setups.

Despite the continuing smaller financial advisor headcount at the wirehouse, it reeled in record profits and unveiled its latest plans for further expansion.

The acquisition could help Addepar move downstream and better serve RIAs.

Seven former Wells Fargo Private Bank planners left to join a firm seeking to expand where they say large banks and brokerages have pulled back.

Here's what you missed this week in wealth management.

A quartet of advisors with $400 million in assets chose the independent firm out of many suitors.

The Florida-based asset management firm has the low-cost deposits TriState Capital needs to fund its rapid loan growth.

Though the Providence, Rhode Island, bank is in the midst of three deals, CEO Bruce Van Saun said it remains on the lookout for other nonbank purchases that could help boost fee income and generate cross-selling opportunities.