Mason Braswell

Wells Fargo Advisors sent another signal over the past week that the career opportunities for producing managers on Wall Street are shrinking.

DiMedio Wealth Partners, including (clockwise from top left) Christopher A. DiMedio, Jonathan Battillo, Anthony Farrandino, Sean R. Moreland, Sean B. Arnold, Percy L. Mason, and Patrick T. Sweet.

The Securities and Exchange Commission’s Division of Examinations on Monday highlighted an increased focus on dually registered advisors and artificial intelligence among its priorities for its 2025 fiscal year.

After rolling out advisor-friendly changes to its broker pay plan for this year, Merrill Lynch Wealth Management is keeping compensation steady for 2025.

David R. Poole, head of Citigold and Citigold Private Client in North America.

John W. Thiel, who on Monday announced his plans to start an RIA with former Merrill Lynch colleagues.

Wells Fargo Advisors is establishing a new policy requiring independent brokers at its Financial Network channel to seek approval in some cases before selling stakes in their practices, according to several sources at the firm.

Merrill Lynch executives have told brokers that they need to “reestablish” their value as industry fee compression trends appear to be taking a tougher toll on the wirehouse compared to its peers.

The Financial Industry Regulatory Authority is seeking to raise member fees to help keep pace with the rapidly increasing cost of overseeing the brokerage industry, according to a proposal filed with the Securities and Exchange Commission on Tuesday.

(L to R) Adam Ours, John Koch, Jr. and Padma Jambunath, who joined Raymond James from Merrill Lynch on November 7.