One of the least talked about realities of working at a large wirehouse is this: It's incredibly difficult to differentiate yourself. Not because advisors lack talent - but because the system isn't designed for it.

FINRA's proposal to revise its outside business activity rule is in its final stages now awaiting approval from the SEC. If the new rule passes, this will provide welcome relief for brokers who have found themselves caught up in FINRA's enforcement process over seemingly innocuous outside work.

The migration from broker-dealer models to independent RIAs has been well-documented, but in a newer twist, many of those advisors are choosing to relinquish their FINRA license as part of the move.

OpenAI has rolled out a preview of a new personal finance experience in ChatGPT, allowing users to connect bank, brokerage, and investment accounts via Plaid. For financial advisors, this marks a pivotal moment in the AI-consumer finance convergence.

Rockefeller Capital Management's wealth management division has added a Florida-based advisory group, Coplin Wealth Partners, overseeing roughly $1 billion in client assets from Morgan Stanley, underscoring the intensifying competition for top wirehouse talent in one of the country's fastest-growing wealth markets.

Corient has agreed to acquire Tulsa-based Capital Advisors, adding $7.8 billion in assets under management and extending its footprint across the South and Southwest in its first Oklahoma office.