Wirehouse advisors

The decision is effective immediately and was made within hours of the Department of Labor issuing new regulatory guidance on the fiduciary rule's implications.

Morgan Stanley and RBC lose two recruits to the regional firm.

The regional firm’s latest recruit spent 16 years at the wirehouse.

One recruit started in the industry more than two decades ago.

The new recruits come from Morgan Stanley and Wells Fargo Advisors.

Will RBC's Christopher Vollmer, the current No. 1 on the regional ranking, return to the newest list? Or will a new young professional take the top spot? Advisers now have more time to join this elite group.

"Optimizing choice for our clients … is critical to how we operate as a firm," CEO James Gorman said during an earnings call where the wirehouse reported net revenue was a record $3.9 billion last quarter.

A $2.2 billion Morgan Stanley team's move to independence shows how breakaways use shell companies to take advantage of the legal pact, and why more than 1,500 firms have signed on.

Headcount rises for the 11th consecutive quarter for the wirehouse, which is prepping for the Department of Labor's fiduciary rule.

The regional firm’s latest recruit joined its employee channel after 17 years at the wirehouse.

Will Morgan Stanley's John Perry, the current No. 1, return to the newest ranking? Or will a new young professional take the top spot? Here's a chance for advisers to join this elite group.

The firm's latest recruit has more than three decades of industry experience and previously worked at Wells Fargo Advisors.

The advisers are industry veterans who joined the regional firm in two offices.

Eight advisers opened a new office for Merrill Lynch's Private Banking & Investment Group, which serves ultrawealthy clients.

The new recruits join from RBC and Wells Fargo Advisors.

The main objection seems that regulators just don't like the unseemly business of selling products to customers who might not want them.

Relura Horton, former regional managing director at Fidelity Custody and Clearing, hopes to attract more women clients to her new firm.

Keith Rowling rejoined this elite group for a second year in a row.

One last look at this year's elite young advisers. Plus, details on when the new campaign begins.

Plus, Merrill Lynch grabs UBS planners who managed $750 million in client assets.