Wirehouses

"I probably spent the first three years in the business not opening my mouth with clients and just learning from him," says J.R. Gondeck of HighTower.

The move marks the second wirehouse poach for the firm in as many months.

Two factors drove Morgan Stanley's Nick Kavallieratos to the top of On Wall Street's 40 Under 40 list earlier this this year.

The advisors come from a firm reported to manage over $5 billion in assets.

A judge issued a ruling after intensely scrutinizing advisors' emails and text messages to clients.

The new hire comes after the wirehouse said it would cut back on recruiting.

Adviser headcount continued a slow, but steady decline, slipping to 6,915 from 7,116 for the year-ago period.

Collectively the four firms provided market access to numerous clients that executed millions of trades per day.

The bank’s attorney who mistakenly released reams of sensitive data about wealthy clients asked a judge to order the records returned and not to be spread any further.

The Swiss wirehouse hit the founding partners of an $8 billion firm with a lawsuit.