Diana Britton

The consumer group, along with the attorneys general of California, Oregon and New York, are seeking a rehearing by the Fifth Circuit, which vacated the DOL fiduciary rule.

Bank of the West Wealth Management Group opened its first office in New York and has plans to add 100 advisors across the country in the next three years.

The move to offer banking services, like loans, would support the wealth management business, the firm’s CEO said during an earnings call.

A panel of asset managers and advisors say gender lens investing has gained traction in the last six months to a year due to the #MeToo movement.

This time, the former Morgan Stanley executive has scooped up Cadaret, Grant & Co., the privately owned independent b/d based in Syracuse, N.Y., with about 900 advisors.

Morgan Stanley’s wealth management division had a record quarter for pre-tax profits, although advisor headcount declined slightly.

In light of the firm’s difficulties in recruiting NPH advisors and the dissatisfaction of its own advisors, LPL Financial CEO Dan Arnold admits “we have a problem,” and lays out a plan for change.

Merrill Lynch’s turn away from big recruitment packages toward a focus on incentivizing current advisors appears to bear fruit. The number of new households with over $250,000 in assets increased by 60 percent year...