Wirehouses

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.

The Connecticut office tallied 14 new hires in the past twelve months, the firm said.

The Labor Department has indicated that further revisions to the regulation could be forthcoming.

This year has seen more moves, bigger moves and more expensive moves.

Regulators are contacting the bank after financial details of some 50,000 clients were inadvertently sent to an outside party, according to a person with knowledge of the matter.

Social Security numbers and portfolio information for some high-net-worth clients and advisors was provided inadvertently as part of a lawsuit.

The four advisers joined the more than 500 lost by the wirehouse in the last nine months.

Rising markets boosted revenues for wealth- and asset-management arms at the largest U.S. banks to $18.4 billion in the second quarter, according to data compiled by Bloomberg.

What used to be a complex and expensive barrier to entry for independent RIAs has now become much simpler and cheaper.

The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.

The new complex manager will oversee 43 advisers at the regional brokerage.

The firm also said it has benefited from low attrition and its training program.

The advisers previously worked at RBC Wealth Management, with one of them making the firm’s Chairman’s Council.

The two advisers bolted in a quarter that saw their ex-firm lose 130 advisers.

This is the second time Jefferies has poached Miami-based adviser talent from the wirehouse.

Despite hiring pullbacks at the larger firms, there's been no shortage of multibillion dollar moves.