The firm completed a round of financing and added two new directors to focus on recruitment.
Janney has picked up a former Morgan Stanley duo with over $1.5 million in production.
The firm added five advisors, with one from Raymond James and one from Morgan Stanley, to further expand in the region.
The Financial Services Institute gained traction with a new round of advisors from Capital Investment Companies.
Thomas Welch knows theres a better chance he will be fired than retire. So he spent his vacation interning at Merrill Lynch Wealth Management to prepare for a second career to sustain him for the next 40 years.
Baird has bolstered its advisor force with two wirehouse teams with $800 million in assets.
The Securities America move underscored the intensity with which advisory firms are competing for talent, executive search experts said.
Breaking into the brokerage business is getting tougher as declining fees make small accounts less profitable and government restrictions on unsolicited calls make phone sales taboo. Thats leaving big firms struggling to replace a retiring generation of advisors.
Two former branch managers at Raymond James have moved to Stifel and LPL in Austin, Texas.
The new hires join the firm in Jackson, Tenn., and Mount Kisco, N.Y.
The St. Louis-based firm, which now has 30 offices, opened its third Florida location with an office in Destin and made inroads into Alabama with a new branch in Birmingham. It also added an advisor to its White Plains, N.Y., and Chattanooga, Tenn., location.
The Louisville, Ky., firm picked up two advisors with a total of $200 million in assets.
If your practice needs a push, it may be time to get professional help. Just make sure you find the right partner.
The firm has reorganized its branch leadership with two promotions and a new hire from Morgan Stanley.
Merrill Lynchs ultra high net worth business, the Private Banking and Investment Group, has snapped up two Morgan Stanley Private Wealth Management advisors in Houston, Texas.
A proposed rule requiring advisors to disclose their transition packages when switching firms could change the tone of the conversations in the war for top industry talent.
Morgan Stanley has hired three advisors from Deutsche Bank, Merrill Lynch, and Wells Fargo who combined for more than $3.2 million in production.
J.P. Morgan Securities announced Wednesday it has added eight advisors to its offices in Boston, New York City, and Florham Park, N.J.
Mindy Rosenthal has been promoted to president from executive director of the Institute for Private Investors (IPI), Campden Wealths U.S. subsidiary, and David Berger was hired as CEO for the Americas.
An arbitration panel has ordered Wells Fargo to pay Stifel $800,000 in the latest dispute over alleged raiding of former A.G. Edwards advisors.
The addition of four legacy Morgan Keegan advisors in Austin marks renewed hiring momentum, according to the firms director of retail.
The majority of Wells Fargos hires hail from Morgan Stanley, while one advisor joins from Edward Jones.
Stifel has snapped up 11 former Wells Fargo advisors with more than $1 billion in assets.
RBC Wealth Management added a branch manager with three decades of experience to its Denver Tech office.
After the successful completion of the Morgan Keegan technology integration, the firm is eliminating 160 positions due to overlap in the information technology segment.
Sometimes it takes a "human capital strategy" to develop top talent. One firm has already used this strategy to multiply revenue by more than four times since 2004 with 30% expansion in staff.
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Morgan Stanley Wealth Management hauled in nine new advisor hires on Friday with more than $765 million in assets and $9.2 million in fees and commissions.
UBS Financial Services has picked up three financial advisors from Morgan Stanley in Arizona and Indiana who managed $467 million in client assets.
Expanding its New England presence, the firm added a three-decade industry veteran in Connecticut.
Four advisors with over $3.7 million in total production have jumped to Morgan Stanley from Wells Fargo and Merrill Lynch.
RBC Wealth Management has strengthened its presence in Pittsburgh with the addition of five advisors with $2.8 million in combined production.
The happiness of the independent advisor appears to be slightly overrated. By a slight but significant margin, advisors in RIAs arent as happy with their careers as those in wirehouses.
American Century Investments has named Joseph Schultz head of intermediary sales, responsible for the firms field and internal sales businesses, including wirehouses, regional and independent advisors, registered investment advisors, insurance company advisors and broker-dealer key account management.
This latest addition follows RBCs hiring of four Morgan Stanley advisors to the new San Diego office in November.
A Financial Industry Regulatory Authority arbitration panels rejection of compensatory damages requests from both Morgan Stanley and one of its former brokers is the latest example of how deals for sign on bonuses can sour when a new position does not work out.
Headhunters say they believe the new plan, which will allow dually registered financial advisors with at least $100 million in discretionary client assets under management to retain 100% of their advisory fees, will help Raymond James retain and attract top hybrid advisors.
UBS latest hires come after Morgan Stanley hired several UBS advisors earlier this month.
Recruiting and hiring experienced, client-facing advisors with ultra high-net-worth experience is extremely difficult right now, with demand high and supply low, say a number of executive search specialists.
Wells Fargo has hired 17 advisors to its standalone branches and added nine advisors to its independent brokerage business, Financial Network.
The firm continues to expand its presence in Florida with the addition of a second Wells Fargo broker.
Raymond James is going after more top advisors -- and it's changing its payout structure to do so.
Mike Papedis of HighTower advisors says there is a trend toward independence among advisors and it will continue.
HighTower Advisors' Mike Papedis talks about why adivsors leave the wirehouse and what they they look for when going independent.
Mike Papedis of HighTower Advisors talks about some of the hurdles wirehouse advisors face when making the move to independence.
Washington, DC.-based Convergent Wealth Advisors has hired a new managing director of advisor recruiting.
The firm's growth spurt has brought Washington Wealths total AUM, which was at a modest $100 million in December 2011, to well over $1 billion.
The St. Louis firm snapped up a former Morgan Stanley advisor with $114 million in assets.
Kaminsky, who was the cable television networks capital markets editor, will work with Morgan Stanleys financial advisors on client development.
Banks need to keep their customers in mind as just one constituency when designing their compensation plans for advisors
In its second big recruiting move of the year, HighTower has picked up a former branch manager from Morgan Stanley.
Merrill Lynch Wealth Management has lured five advisors with $619 million in assets and about $2.9 million in production in its latest move in the hunt for advisory talent.
Morgan Stanley Wealth Management has snapped up a three-member team from Merrill Lynch with $1.3 million in production in the firms latest acquisition in its hunt for new advisory talent.
Dynasty Financial Partners announced Monday it hired Michael Moriarty as director of investment platforms.
Brown Advisory, an independent investment management firm with $33 billion in assets under management, announced the appointment of Porter Schutt and Bill Dugdale as partners in the firms Wilmington, Del., office.
Since its last major recruiting announcement in November, the firm has extended the reach of its boutique operation with a new office in Beverly Hills, Calif., and a number of new hires in key metropolitan areas nationally.
Some pent up demand could make 2013 a more robust year for recruitment.
The firm is revving up its recruiting efforts as it eyes a growing market.
Are advisors getting it wrong on recruiting and hiring? A new report out from Pershing finds a gap between what advisors say they ought to be doing and what they're actually getting right.
The firm has picked up a 26-year industry veteran to help grow its practice in Florida.
Your practice depends on your employees. Here are 3 ways to help them help you.
Advisors whove been through the deal process offer their recommendations for others considering a deal.
Advisors must adapt to the coming generational shift, TD Ameritrade Institutional president Tom Nally stressed at the company's annual conference in San Diego.
The firm has recruited two large wirehouse teams to open a new office in Stuart, Fla.
Morgan Stanley Wealth Management has snapped up five financial advisors from UBS who previously managed $750 million in client assets.
The advisor population is stagnant and aging; older advisors may not relish the hassles of a moving to a new firm. Meanwhile, barriers to entry for new financial advisors remain highless than 15% of trainees succeed in establishing a viable business.
Less than a week after announcing that it had nabbed a trio of Morgan Stanley advisors in Pennsylvania, Raymond James has added another Morgan Stanley team with more than $700,000 in production.
Three industry veterans with nearly a million in production have jumped from Morgan Stanley to Raymond James in Newtown, Pa.
A former Edward Jones advisor has jumped to Hilliard Lyons in Paducah, Kent.
Who wins when advisors leave wirehouses? Just about everyone.
Malcolm MacColl has left the firm he founded, Crosswind Investments, to join Brown Advisory.
Two former wirehouse advisors have gone independent in Baltimore and Bethesda, Maryland.
RBC has added a group of five former Morgan Stanley advisors with $758 million in combined assets under management.
The firm has brought on three legacy A.G. Edwards advisors from Wells Fargo to open its 27th office.
The three additions in New Jersey include a veteran financial advisor duo from Merrill Lynch and another advisor from UBS.
Raymond James Financial Services, the companys independent broker-dealer, announced Monday it has added a mother-daughter team in Bethesda, Md., with $200 million in assets.
As the calendar turns the page to another year, 2013 offers the four largest U.S. wealth management businesses the opportunity to recapture some of the assets and talent they have been ceding to other firms.
Base salaries for hedge fund and mutual fund managers are projected to increase 3.5% and incentive pay is projected to rise by 0-10% from 2011 to 2012, according to a new study from Greenwich Associates and Johnson Associates.
The San Diego-based firm plans to open three new offices in key California markets over the next 12 to 18 months.
Three industry veterans with 80 years combined experience have joined Raymond James in Fort Lauderdale, Fla.
Two teams with over $1 million in production have joined Merrill Lynch in St. Paul, Minn., and Ithaca, N.Y.
What do breakaway brokers worry about when considering a move into the RIA space? It turns out it's not so different from the concerns of other U.S. workers weighing a job change.
Bank of America Merrill Lynch has refocused on growing fee-based and banking business and boosting client retention.
Beverly Hills Financial Planners, Informative Financial Services, and Ranker-Hanshaw Wealth Management are the newest firms to join Royal Alliance, which has nearly 2,000 affiliated independent financial advisors.
The husband-wife team of Joe and Penny DiRago have been hired by Wells Fargo in San Antonio.
Advisor Partners announced Tuesday it hired Kris McCabe as the national director of sales and marketing.
Morgan Stanley Wealth Management has added eight financial advisors from rival firms Merrill Lynch and Barclays.
Gathering the information needed to make a career move and hiding that research from a current firm can be enough to make some advisors decide to forget it. Thats just where The Advisor Center, an anonymous online recruiting community that launches Monday, comes into play.
Merrill Lynch has snapped up 10 financial advisors from rival wirehouse firms who managed a total of $1.07 billion in assets and had $7.7 million in fees and commissions.
Neuberger Berman hired Brian Layton senior vice president and head of its Boston-based wealth management group.
Long-time advisors Bill Duncan and Ziv Ohel joined Ameriprise in Deerfield, Ill.
Snowden Capital Advisors has added two advisor teams, the DiCiaccio Group and the LaMothe-Gonzalez Group.
UBS Wealth Management Americas has snagged a Merrill Lynch team in Cincinnati with more than $1 billion in client assets under management.
Robert W. Baird & Co. has hired veteran financial advisor Baron C. Becker from Morgan Stanley Wealth Management in Portland, Maine.
Wells Fargo has extended its summer hiring spree with 24 new financial advisor hires managing a total of $2.2 billion in assets.
The Washington, D.C., based group announced Thursday it added Blaine F. Aikin, Arthur B. Laby, and Thomas C. Nelson to its board.
Merrill Lynch has added industry veteran Daniel Sandlin from Morgan Stanley.
The firm has added a team with over $500 million in production to its southern California offices.
A career advisor with three-and-a-half decades of experience, Karl Rothermund has left Morgan Stanley for Raymond James in Scottsdale, Ariz.
The firm has hired Harold Langer, a three-decade industry veteran, to be senior vice president at the Tucson branch.
Industry veteran Nicolas Seigal joins RBCs international wealth unit as branch manager in Miami.
Summit Brokerage Services expanded its team of advisors adding seven advisors over the last five months, the Florida-based company announced Tuesday.
UBS Wealth Management Americas has picked up a trio of Morgan Stanley Wealth Management advisors, as Morgan Stanley has snapped up a new advisor from Chase Investment Services.
The new hires join eight of Barclays offices in the U.S. from firms including Bank of America Merrill Lynch, Credit Suisse, J.P. Morgan Private Bank, Morgan Stanley Wealth Management, SunTrust Investment Services and UBS Financial Services.
TD Ameritrade Institutional drew a record 441 breakaway brokers to its platform for independent registered investment advisors in fiscal 2012, a 27% increase from a year earlier.
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George Silfen joins the firm as a partner in the Financial Services Group.
Scale matters, says Securities America CEO Jim Nagengast. He talks about his firm's expansion plans, and explains what he thinks will attract new advisors.
The firm is adding a senior regional director of branch office development to boost recruiting efforts.
Wells Fargo Advisors Financial Network has added four practices. With these advisors its independent brokerage arm, FiNet, has over 1,100 owners and advisors in more than 540 practices, with over $55.5 billion in assets under management.
Two investment teams from Merrill Lyncch have joined RBC's Leadwood, Kan., office.
The firm hopes that Karein Heintz can help grow its presence in the twin cities.
Picked up in a renewed focus on recruiting, Mark Teed joins Raymond James in Massachusetts.
A three-decade industry vet, David Upin, joins as senior vice president in Minneapolis.
Brown Advisory, a Baltimore-based independent investment management firm, hired Christopher Bartlett as a partner in its Baltimore office.
The hybrid RIA firm says it chose LPL after a 'Bachelor'-style bakeoff.
Merrill Lynch Wealth Management has snapped up a Morgan Stanley advisor team managing about $2.5 billion in client assets to its Private Banking and Investments Group.
With 30 years industry experience, Robert Bernardin joins Hilliard Lyons as a senior vice president in Indiana.
Janneys 32nd hire in their private client group this year, George Keith will be complex manager in Darien, Conn.
Seven advisors have joined Bairds wealth management group in Texas, Maryland and Nebraska in a late summer round of recruiting.
Southwest Securities has hired J.C. Graham as part of its latest recruitment campaign.
Risk Paradigm Group, an independent wealth and asset management firm, announced Monday that a three-person advisor team from Morgan Stanley Wealth Management will join the firm.
As Raymond James Financial Chief Executive Paul Reilly looks to the future, he sees more diversity in the firms workforce, particularly when it comes to female and younger financial advisors.
HighTower Advisors hired David Nelson as a private wealth advisor at its Washington, D.C., based Pagnato-Karp Group.
A four-man team, the Nierling Investment Group, has joined RBC in Dallas, Texas.
Scott & Stringfellow has brought on three former Wells Fargo advisors to join its Charlotte office.
RBC has pulled an industry veteran from UBS to fill the position of branch director of its Burlington offices.
Wells Fargo has tapped firm executive Jim Hays to serve as executive vice president and head of wealth brokerage services.
A majority of breakaway brokers have their eyes on LPL and Raymond James, according to a report by Cogent Research, a Massachusetts market research firm.
Michael James, a former wealth strategist in Goldman Sachs' mid-Atlantic region, has joined the Philadelphia office of Glenmede, an independent investment and wealth management firm, as director of family wealth advisory.
Fed up with changes in infrastructure, two veterans with more than two decades at Morgan Stanley move to Ameriprise.
RBC Wealth Management has snapped up a three-member wealth management team from Merrill Lynch in Colorado.
As Merrill Lynch intensifies its hunt to grab top financial advisory talent away from Morgan Stanley, some recruiters say more Morgan Stanley advisors are considering a transition.
Two Morgan Stanley financial advisors moved to Wells Fargo's independent brokerage arm in Maryland this week, taking advantage of a career path that one recruiter describes as the best of both the independent and wirehouse channels.
Fieldpoint Private, a Greenwich, Conn., based wealth advisory and private banking firm, announced Thursday that M. Thomas Conway has joined the firm as a managing director and senior advisor.
A new arbitration decision holds a lesson for financial advisors: Be careful when you leap.
JHS Capital Advisors opens a new office with Mark Hennings as Branch Manager and advisor
Morgan Stanley will pay cash bonuses to branch support employees at its Morgan Stanley Smith Barney unit who worked extra hours to remedy disruptions caused by a new computer system, a person briefed on the decision said.
The firm has poached two industry veterans from HSBC and Barclays as it looks to expand.
Washington Wealth Management added Domari Wealth Management, a breakaway team from Wells Fargo with $135 million in AUM and $1.4 million in revenue, to its newly formed Woodland Hills, Calif., office.
Fieldpoint Private, a Greenwich, Conn., based wealth advisory and private banking firm, announced that Susan Hirshman has joined the firm as a managing director and senior adviser.
The firm's recent hire of Tina Huyler from Morgan Stanley Smith Barney marks one of the first in a long-term effort to aggressively increase its advisor headcount.
The firm has expanded its Denver office with the addition of industry veteran Tina Huyler.
Robert W. Baird & Co. has hired R. Parker Griffith from Morgan Stanley Smith Barney to manage its Nashville wealth management office and serve as financial advisor.
Tampa-based JHS Capital Advisors has announced three new hires. Katie White comes from Wells Fargo, Tim Forsman from Sterne Agee, and Matthew Lovett from World Equity Group.
J. Kevin Stophel has moved on after 13 years with the firm to establish an independent wealth practice partnered with Concert Advisor Services and Concert Wealth Management Inc.
Lawson/Wincester Wealth Management is an independent firm in Chattanooga, Tenn., led by Matt Lawson and William F. Winchester, The team also is acquiring the existing practice of Raymond James Financial Services advisor John Goodson in Wincester, Tenn.
Sallie L. Krawcheck, who ran wealth-management divisions at Bank of America Corp. and Citigroup Inc., said risks at complex financial firms could be better managed by giving executives part of their pay in bonds.
To attract more independent advisors, HighTower has introduced two new options, the HighTower Network and the HighTower Alliance. Elliott Weissbluth, the company's CEO, said by adding these channels, HighTower will be able to attract advisors who prefer to continue to own their own practices rather than joining a partnership.
Wells Fargo Advisors has tapped an executive from Citigroup and two of its existing leaders to serve in new senior leadership roles.
Wells Fargo Advisors has extended its summer hiring spree with the addition of two Morgan Stanley Smith Barney advisors with $127 million in client assets under management.