Mass industry consolidation has left a large number of wirehouse BOMs without a seat in an ongoing game of musical chairs. But as the independent broker/dealer (IBD) and RIA channels grow, they are creating a viable market for those displaced...

The head of Wells Fargo & Co. is reportedly interested in expanding the firm’s wealth business, possibly through acquisition.

While most clients say they are ready and willing to provide a referral for their financial advisors, a lot of them are not actually following through on it, according to a recent report released by Advisor Impact, Charles Schwab Advisor Services...

Bank of New York Mellon Wealth Management will open a new office in Dallas early next year, and is also looking to expand in Florida, Southern California and the Washington, D.C. metro markets, according to chief executive Larry Hughes.

If the cobbler’s kids run around barefoot, the financial advisor’s kids may be a little nervous about their college funds right now. A surprising number of financial advisors are not prepared financially for a year that likely will...

The gift that ultra-high-net-worth investors want most this holiday season is one step closer to reality: imminent congressional action on new estate tax rules.

HighTower Advisors, the fast-growing and well-funded Chicago-based advisory firm, has raised its profile again, hiring top recruiting executives from Charles Schwab and LPL Financial as it plans to open six new offices by April 2011.

Well, this is a first. Edward Jones, which has ranked in at number one for 17 consecutive years in the popularity contest that is Registered Rep.'s annual broker report card, actually saw its rating drop by nearly a full point in 2010, to 8.5 out...

Despite rampant speculation to the contrary, the SEC is not planning to write any new rules on broker recruiting bonuses, SEC spokesman John Nester told Registered Rep. magazine on Friday. At least one firm was already using the threat that...

Late this afternoon, two advisors from UBS’ downtown Houston branch, David Harris and Ann Deaton—principals of Harris Financial Group—resigned from the firm to join their former UBS branch office manager, Patrick Mendenhall, at...