First-year analysts will now earn at least $100,000, up from $85,000. Their second-year counterparts will make $105,000, up from $90,000.

The latest funding round was lead by Singapore-based Temasek along with many repeat investors, including Blackstone, UBS, BNY Mellon and Wells Fargo.

The Charles Schwab 2021 Benchmarking Study predicts AUM will double for firms who continue to employ digital strategies.

GenXFinancial and Boston Partners Financial Group are coming together to create the largest super OSJ at Advisor Group's Royal Alliance, with $9 billion in total assets and 180 advisors.

Michael Farr, CNBC contributor and founder of Farr, Miller & Washington, will join Hightower as its chief market strategist.

George Tamer, managing director of the sales team at TD Ameritrade Institutional, and Dan Cronin, who led sales for Schwab Advisor Services, were among the latest to lose their jobs this week as Schwab continues to integrate its former rival.