'We kind of think we’re creating—and not to be arrogant about it—but a new mousetrap,' said CEO James Gorman. 'You’ve got three legitimate channels pouring assets into the house.'

A senior Merrill Lynch executive said the bank expects single-digit growth in headcount as it focuses on its advisor training and development programs.

While the brokerage's headcount keeps dropping, those that stay at the firm are becoming more productive and raking in additional client assets.

The deal with Oakwood Capital Management represents Wealth Enhancement Group’s second acquisition in Southern California, adding five advisors and $1.04 billion in client assets.

Independent broker/dealers are expanding their affiliation models, with many following advisors into the fee-only RIA space—does it signal the end of the IBD as we know it?

Melville, N.Y.–based Keith Ryan, a former UBS advisor with $140 million in client assets, is the first to join under Commonwealth’s new pricing model for breakaway advisors. 

The deal represents a continuation of Stratos' acquisition strategy, which is to take nonvoting minority interests in RIAs and offer them the same infrastructure that's available to its affiliated advisors.

The multiday program will include the traditional WealthStack and Inside ETFs events, as well as RIA EDGE, designed for executives and advisors at growth-oriented registered investment advisory firms.

CEO Christopher Walters laid out his plans to bring together Blucora's tax software and wealth management businesses.

Eight advisors break away from Wells Fargo, following its exit from international business, and join Sanctuary's global wealth management business.