Wirehouses

The two wirehouses are taking different approaches in their comp plans for next year, with one aiming to herd its more senior advisors away from smaller accounts.

Tammy Petersen will be on federal probation for three years and will have to complete 200 hours of community service for embezzling more than $118,000 from Bank of America customer accounts.

The new recruits moved over to the independent side of the wirehouse.

After losing dozens of advisors who managed billions in client assets to UBS, scorned Credit Suisse strikes back with legal challenge.

Regulator could make some "immediate" changes; arbitration reform advocate says he's "hopeful."

The recruit and his brother form a team at the wirehouse to revive their retired father's advisor group.

The wirehouse added several new recruits to the firm's offices in Boston, Chicago and Cincinnati.

Despite predictions of a coming boom market by Cerulli Associates and others, the leaders of the biggest brokerage firms remain divided about whether to jump into the fray.

The firm could resurrect its U.S. brokerage business online, analysts say. However, Deutsche executives have said they were unsure about their U.S. plans for automated advice.

The wirehouse recruited the mega team from UBS.

The recruit previously generated $1.3 million in annual revenue.

Snowden Lane's newest wirehouse recruits opened a California office for the independent firm.

The wirehouse's newest hires come from Credit Suisse, which is looking to exit the U.S. wealth management market.

Employees at the wirehouse learned in a memo Thursday that Chris Wolfe was named CIO, among several other changes.

The firm's 2016 comp plans helps continue an emphasis on growing banking and lending businesses – a top strategic priority for the wirehouse, according to President Greg Fleming.

The wirehouse is increasing thresholds on grid ranges and tweaking some awards.

The recruits include two advisors who joined the employee channel at Ameriprise and three who went over to the firm's independent side.

The recruit had $1 million in annual production before leaving the wirehouse.

A financial planner left the wirehouse for the independent channel at Wells Fargo.

The total number of advisors across the industry rose 1.1% in 2014, according to a report from Cerulli Associates. But the research firm warns they may fall again in years to come.