Wirehouse advisors

Here’s what the two seemingly contradictory trends mean for advisors.

The recruits oversaw more than $200 million in client assets.

Jim Senderling and John Robbie had been with Merrill Lynch for 27 and 25 years, respectively.

The firm’s FA ranks at 14,820 were down by only nine brokers from the previous quarter.

Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Bruce Keebeck Lee has repeatedly been ranked as a top advisor by both Barron’s and The Financial Times, but he was fired in April for a failure to file compliance paperwork.

Five of the regional BD's new hires come from Wells Fargo.

Morgan Stanley’s advisors are already helping clients deal with emotional issues. What if AI could help out?

The firm's two new hires are the latest in aggressive recruiting efforts and joined from rivals RBC and Wells Fargo.

The wirehouse has lost at least 123 advisors managing $15.7 billion in client assets year-to-date, according to other firms’ hiring announcements.

Industry changes and ongoing bank scandals have tilted the playing field in favor of smaller brokerages.

The decision, involving advisors who jumped to Morgan Stanley from an RIA, holds that those who agree to give their employers advance notice before quitting aren’t absolved of that duty by the terms of the protocol.

Simple readiness strategies can insulate you from protocol fallout.

Creation of the blue-ribbon body draws praise and confusion from CFPs who question its utility.

The move boosts the firm's expansion in the central U.S.

Since early May, the wirehouse has lost at least 27 advisors managing a combined $15 billion.

Advisors recommended that clients sell positions in complex structured products to rack up fees, says the regulator.

The wirehouse's latest initiative is effectively a way for the firm to circumvent the protocol without actually getting out of it.

The regional firm's new additions consist of two veteran advisors from Wells Fargo and a father-daughter duo from Merrill Lynch.

Her fresh criticism comes after FINRA barred her former Morgan Stanley branch manager this week.