Joanna Rotenberg, recently of Fidelity Investments, will lead Vanguard's newly created advice and wealth management division starting in 2025.

President-elect Donald Trump will loom large over financial services next year. But new CEOs at Vanguard and LPL Financial, new heads of professional organizations and other key players will also drive change.

The wirehouse is accused of not doing enough to prevent employees of its Smith Barney unit from making unauthorized transfers.

A 20-plus-year veteran replaces Manish Dave, who left the post in October.

Ex-CEO Dan Arnold's deal is estimated to be worth about 15% of what he would have received had he not been fired.

Recruiting moves, M&A deals, influxes of capital, internal rollups and business pivots are fueling the industry's race to scale.

Wealth Enhancement Group is the second large OSJ to go separate ways from LPL, following Merit Financial Advisors

Raymond James and Merrill also announce recruiting deals, while LPL hires a head of cybersecurity from PayPal.

Top items include the fallout of a massive continuing education cheating scheme, UBS' pay cuts for producers across the organization and more.

Even though Citizens lost its bid to acquire First Republic in 2023, it has recruited frequently from the now-defunct regional bank.