The four largest national brokerages dropped advisor head count by over 1,000 brokers during the past year, according to the most recent round of earnings reports, as each tries to bring advisory services to new types of clients.
Former CEO John Stumpf agreed to a $17.5 million penalty and an industry ban.
Lakeside Wealth's Kelly Shikany describes why she decided not to hang her hat as a solo advisor and instead navigate existing established advisory firms.