Wirehouses

The group includes a father-daughter duo who have worked together for 25 years.

Net income and client assets grew even as the firms' headcount continued its steady decline.

The moves are intended to boost the firm's capital markets abilities in a changing interest rate environment.

Which firms showed “meaningful progress” in improving client experience? And which one slipped?

Wealth management executives command large enterprises at many financial institutions and are getting paid handsomely for it.

A team joined the wirehouse from Wells Fargo Private Bank.

The board also canceled about $47 million of ex-community bank head Carrie Tolstedt’s stock options.

The wirehouse aims to grow its adviser ranks in a potential bid to surpass its larger rival Morgan Stanley, according to Andy Sieg, head of Merrill Lynch.

The executive, who oversees the investment bank and retail brokerage units, was paid $15.3 million in 2015.

The firm's latest hire is an industry veteran of more than two decades.