Advisor attrition dropped by 30% in the quarter to 4.5%, the company announced.

Hightower, Robertson Stephens, Wealth Enhancement Group, Hub International and Sikitch all announced M&A deals this week.

Parsonex Capital Markets failed to tell clients that several of its reps and one of its affiliated firms had checkered regulatory histories, according to FINRA.

Industry sources say Focus Financial Partners' new private equity owner plans to merge the sprawling ecosystem of firms into a small number of its existing entities.

Via a “pass through” arrangement, Bank of Hawai‘i’s $23.5 billion broker/dealer subsidiary will gain access to Atria’s proprietary technology, including Clear1, Unio, and Contour, as well as home office support.

The SEC has been pressing Morgan Stanley to improve its processes and controls to prevent wealthy international clients from laundering money.

UBS moved the assets from the wealth management division to the wind-down unit during the third quarter.

BlackRock sees balance-sheet strength, positive earnings revisions among larger-cap firms.

The industry is racing to secure a share of the trillions of dollars in wealth held by the rising suburban rich.