Wirehouses

JPMorgan sued six former executives who defected to rival Morgan Stanley, seeking a court order blocking them from enticing clients to follow.

Three industry veterans left the wirehouse space to join U.S. Capital Advisors, a small dually-registered broker-dealer and RIA.

Two advisors left the wirehouse to join the large regional brokerage, representing the latest in a recent string of mega teams that have switched firms.

Two brothers working for Merrill Lynch, where they had overseen $620 million in client assets before making the move, join the rival wirehouse.

Independent financial advisors list the advantages they have found tailoring fee structures to their and their clients' liking.

Some breakaway advisors duplicate some of the rah-rah found at their former employers, others relish the newfound informality, but either way, they get to set the tone.

More than two-thirds of brokerage and RIA executives say there aren't enough young advisors to go around, according to a Fidelity survey.

The wirehouse pulled in recruits from rival firms UBS, Morgan Stanley, J.P. Morgan and Barclays.

The brokerage model as the industry knows it may be pushed aside by a future fiduciary standard.

Wells Fargo Advisors hopes to have 5,000 out of its 15,000-plus advisors using social media tools next year.

Aggressive transition packages, expiring contracts and deals adding up to a 400% payout for some advisors are helping wealth management firms recruit new teams.

Bank of America's Keith Glenfield says clients at the firm's Merrill Lynch wealth management unit are using alternatives to take a more deliberate approach to core allocations.

The Bank of America unit for ultrahigh-net-worth clients hired a 20-year industry veteran to oversee a key team of advisors.

To what extent do advisors push for the last piece when going independent?

A FINRA arbitration panel ruled in Merrill's favor and against the former wirehouse advisor, although one arbitrator dissented in awarding the firm about $200,000 in attorney's fees.

The team generated nearly $4 million in annual revenues while at Morgan Stanley and joined Raymond James' employee channel.

Advisors choosing independence do well as a pack.

Gregory Fleming, president of Morgan Stanley Wealth Management, says advice and advisor training will always have a role in the advice sector, which also must address its diversity problem.

John Lang and Michael Taylor of Morgan Stanley left their firm to launch a new ultrahigh-net-worth wealth management unit at BankPlus.

The regional broker-dealer lured away the wealth managers from Wells Fargo.