Wirehouses

Jason Chandler will oversee the firm’s roughly 6,900 advisors.

Andy Sieg, head of Merrill Lynch Wealth Management, will join the management team of the company, reporting directly to CEO Brian Moynihan.

The firm will test markets in a few cities next year in a bid to keep pace with a shifting wealth management landscape.

The broker-dealer has also appointed a new northeastern regional director for its independent contractor division.

Ameriprise scores big in its latest round of recruiting.

With 27,000 advisors on the move this year in wealth management, the industry remains in a period of flux.

The firm has seen a number of planners exit in recent months.

The fully-independent channel remain a competitive threat to IBDs attempting to retain top advisors while dealing with lost revenue.

'Know which problems you are trying to solve,' says InlVest speaker Kabir Sethi.

Competitive pressures from the industry’s smaller players are changing the wirehouse playbook.