Wirehouse advisors

The XY Planning Network of fee-only advisors and investment advisor Michael Kitces say consumers are being deceived when brokers use labels like “wealth manager” and “financial advisor.”

Brokerages that want to hire someone with a checkered past have to undergo a “consultation” with the watchdog and may have to try to renew their memberships.

Andrew Tasnady shares insights from FP’s annual pay survey and how he expects the grids to shift in the future.

The program has historically been high-stakes and cold-calling friendly. Novice advisors can expect something different now.

Participants will instead be directed to use internal referrals or LinkedIn messages, according to a person familiar with matter.

Two advisors left their prior firm of 10 years after the bank’s wealth and asset management unit generated record net income in the first quarter.

The quartet of financial advisors leaving UBS after a decade also has an advisor with an equestrian specialty.

Advisors and clients at Bank of America's brokerage can now collaboratively create multiple accounts across the firm simultaneously.

The team managed $1.5 billion in client assets with Merrill Lynch, and they chose an RIA with ties to the wirehouse working in its favor.

Advisors who leave wirehouses face key tax considerations to become successful RIAs.