Wirehouses

Compensation related to financial advisor recruiting fell 22% for the second quarter.

Banking scandals are playing only a small role in advisor attrition, the firm says.

While the business is producing steady profits, the lender rejigged financial targets this year after investors argued Ermotti should do more to improve returns after the shares languished.

There’s no obvious reason to row back from the bank's strategic commitment to focus on wealth management while keeping a leash on the investment bank

The regional broker-dealer has stepped up its expansion this year.

Advisor attrition is up at the beleaguered firm, but it doesn't have to be.

The regional firm has opened five new branches and hired at least 73 advisors year-to-date.

As turnaround plans at peers such as Credit Suisse gather speed, some investors are asking whether UBS is doing enough to sustain its lead.

Six of the top 10 advisor recruits — managing roughly $13.2 billion in client assets — have walked out of the wirehouse so far this year.

These mega brokers managed $18 billion in assets at their previous firms.

Wirehouse policy changes are bearing fruit and leaving advisor career options in flux.

The firm is, all of a sudden, Wall Street’s big spender.

Here’s what the two seemingly contradictory trends mean for advisors.

Jim Senderling and John Robbie had been with Merrill Lynch for 27 and 25 years, respectively.

The firm’s FA ranks at 14,820 were down by only nine brokers from the previous quarter.

Despite loosening regulations and the president’s tax cuts, BofA continued a string of lackluster second-quarter earnings for the big banks.

Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Bruce Keebeck Lee has repeatedly been ranked as a top advisor by both Barron’s and The Financial Times, but he was fired in April for a failure to file compliance paperwork.

Morgan Stanley’s advisors are already helping clients deal with emotional issues. What if AI could help out?

The firm's two new hires are the latest in aggressive recruiting efforts and joined from rivals RBC and Wells Fargo.