Wirehouses

The Swiss wirehouse hit the founding partners of an $8 billion firm with a lawsuit.

The Connecticut office tallied 14 new hires in the past twelve months, the firm said.

The Labor Department has indicated that further revisions to the regulation could be forthcoming.

This year has seen more moves, bigger moves and more expensive moves.

Regulators are contacting the bank after financial details of some 50,000 clients were inadvertently sent to an outside party, according to a person with knowledge of the matter.

Social Security numbers and portfolio information for some high-net-worth clients and advisors was provided inadvertently as part of a lawsuit.

The four advisers joined the more than 500 lost by the wirehouse in the last nine months.

Rising markets boosted revenues for wealth- and asset-management arms at the largest U.S. banks to $18.4 billion in the second quarter, according to data compiled by Bloomberg.

What used to be a complex and expensive barrier to entry for independent RIAs has now become much simpler and cheaper.

The firm needs a digital advice offering for clients who don't want a traditional relationship, CEO James Gorman said.

The new complex manager will oversee 43 advisers at the regional brokerage.

The firm also said it has benefited from low attrition and its training program.

The advisers previously worked at RBC Wealth Management, with one of them making the firm’s Chairman’s Council.

The two advisers bolted in a quarter that saw their ex-firm lose 130 advisers.

This is the second time Jefferies has poached Miami-based adviser talent from the wirehouse.

Despite hiring pullbacks at the larger firms, there's been no shortage of multibillion dollar moves.

The firm's headcount has steadily declined since the bogus account scandal came to light last year.

"With 15,000 financial advisors, it's hard to change financial planning software. It's hard to change the day-to-day stuff," adviser Jim Denholm III says.

Naureen Hassan says tools in development will make advisers "faster and smarter" in serving clients.

The deciding factor might be ruthlessness.