Wirehouses

The wirehouse pulled over four advisors from rivals Merrill Lynch and Morgan Stanley.

The team generated $2.9 million in production before switching wirehouses.

Four advisors left the wirehouse to join regional broker-dealer Benjamin F. Edwards.

The firm said wealth management profits rose to $509 million for the third quarter, boosted by lower compensation expenses.

An advisor who had been at Merrill Lynch for 20 years left the wirehouse to join UBS.

An advisor who moved to a wirehouse from a boutique offers guidance on finding a firm that will offer greater job satisfaction and also benefit clients.

If you take only one message from a rather tumultuous 2015, you might want to consider this: Build your practice with a firm where retail wealth management is a core business.

Wells Fargo reported that even as profits rose, client assets for the firm's retail brokerage unit shrank 4% year-over-year.

Bank of America said profits for its wealth management unit, which includes Merrill Lynch, fell 19% year-over-year. Meanwhile, Merrill's advisor force increased 6%.

An ex-wirehouse advisor sought damages for libel and other misconduct against Merrill.

Credit Suisse's losses include a three-member team that generated $7.2 million in annual revenue, which joined UBS.

Morgan Stanley's move to push more cases to an arbitration system of its choosing tilts the playing field against advisors and curtails their rights, opponents say.

A longtime wirehouse advisor with $48 million in AUM has joined regional broker-dealer Wunderlich.

The group of 5 advisors will be opening a new office for the regional broker.

The team made the move in part to be able to grow in new directions, says senior financial advisor Tommy Boyd.

The team left the wirehouse to form their own independent firm, representing one of the largest groups that Dynasty has helped go independent.

An arbitrator ruled against a former wirehouse advisor who declined to attend hearings or have a lawyer represent him against Morgan Stanley.

The recruit and an already independent advisor opened their own wealth management practice on the independent side of Wells Fargo.

UBS' latest hires managed approximately $1.3 billion in client assets while at Merrill.

United Capital plans for a white label version of its financial life management platform and the firm will be announcing an acquisition of a robo solution in the fourth quarter.