Swiss firm recruits a three-advisor team with more than $400 million in assets after losing over a dozen advisors to rival wirehouses in July.
How the wirehouse and a new training program will bring in 1,500 new recruits.
More defections hit the British bank's wealth management unit as it nears its deal to merge with Stifel.
Three wirehouse advisors switch to the super regional's employee channel.
Recruiting "is as competitive as I've seen it in the last 10 years," says LPL exec.
The regional brokerage picked up eight advisors for their employee and independent channels.
The group is the latest to defect from the British bank's wealth operation before its impending sale to Stifel.
Merrill has lured away other big producers from rival wirehouses in recent months.
A recruit from the banking channel at Wells Fargo moves to the regional's independent broker-dealer.
Growth remains sluggish at the firm's wealth unit for another quarter.
UBS lost a two-decade veteran to rival Merrill Lynch.
The departure comes as the British firm prepares to transition its advisors over to Stifel, which is acquiring Barclays wealth management operations.
A $1.6 million producer left J.P. Morgan to rejoin the Canadian bank's U.S. brokerage.
Established wirehouse advisors have more choices than ever before, but these mistakes can abort potentially lucrative new relationships before they even get off the ground.
The wirehouse picked up three advisors from rivals Morgan Stanley and UBS.
James Simons, who founded Renaissance Technologies, hired Ashvin Chhabra to run his family office, leading to a shift in executive roles at Bank of America Merrill Lynch.
Will the trickle of advisors leaving Barclays for rival firms turn into a flood?
The advisor managed nearly half a billion dollars in client assets while at Barclays.
With the addition of the new recruits, Faubourg Private Wealth Advisors now has seven former J.P. Morgan advisors.
The advisors managed a combined $278 million in client assets.
The move represents HighTower's eighth transition this year and its 14th office on the West Coast.
Two UBS advisors left the Swiss-owned wirehouse to rejoin Merrill Lynch.
Barclays lost another team, this time to Morgan Stanley, while its deal to sell its U.S. wealth management operations to Stifel is pending.
Tash Elwyn, president of Raymond James & Associates, says recent recruiting milestones have "triggered a number of inquiries" from advisors thinking of making a move.
Two advisors go independent with Raymond James, looking to structure their practice without wirehouse limitations.
A trio of advisors leaves the wirehouse for the independent channel at Raymond James.
Rival Edward Jones has grown and wants to keep on growing.
"If we don't grow, then we abdicate that opportunity to our competition," says James Weddle, managing partner of Edward Jones, which hopes to surpass Morgan Stanley as the industry's largest brokerage by headcount.
The wirehouse lured away a team that managed $750 million from Barclays, which recently announced a deal to sell its U.S. wealth management division to Stifel.
Merrill Lynch lured back three advisors after seven years with rival UBS.
KeyCorp in Cleveland has hired Gary Poth as head of its family wealth division at Key Private Bank.
JPMorgan sued six former executives who defected to rival Morgan Stanley, seeking a court order blocking them from enticing clients to follow.
Three industry veterans left the wirehouse space to join U.S. Capital Advisors, a small dually-registered broker-dealer and RIA.
Two advisors left the wirehouse to join the large regional brokerage, representing the latest in a recent string of mega teams that have switched firms.
Two brothers working for Merrill Lynch, where they had overseen $620 million in client assets before making the move, join the rival wirehouse.
Two recruits joined the regional brokerage from rivals Merrill Lynch and Wye Financial & Trust.
The three advisors all joined the super-regional firm from Janney Montgomery Scott.
More than two-thirds of brokerage and RIA executives say there aren't enough young advisors to go around, according to a Fidelity survey.
The wirehouse pulled in recruits from rival firms UBS, Morgan Stanley, J.P. Morgan and Barclays.
The new recruits had a combined $277M in client assets before making the move to the firm's employee and independent channels.
Aggressive transition packages, expiring contracts and deals adding up to a 400% payout for some advisors are helping wealth management firms recruit new teams.
The Bank of America unit for ultrahigh-net-worth clients hired a 20-year industry veteran to oversee a key team of advisors.
The regional firm landed six advisors from Wells Fargo that collectively generated $5.44 million in annual revenue before making the move.
The team generated nearly $4 million in annual revenues while at Morgan Stanley and joined Raymond James' employee channel.
The newly formed team joins the Wells Fargo Advisor Financial Network with over 65 years of combined experience.
The regional firm landed a group that managed about $400 million in client assets before the move.
The regional firm landed an advisor with more than three decades of experience.
The firm's recruiting win mirrors similar pickups of billion-dollar teams by rivals Merrill Lynch and Raymond James.
The Braddock Group left the independent broker-dealer for the regional.
The regional broker-dealer lured away the wealth managers from Wells Fargo.
The group left Morgan Stanley and represents the biggest recruiting grab in the super regional's history.
Two advisors who oversaw $300 million in assets at UBS have left to join Merrill Lynch.
Newly appointed CFO has 18 years of industry experience; replaces Dan Arnold.
The benefits of a well-crafted career path for bank advisors are going largely unrealized.
To keep your best advisors and other employees on board, you'll need invest strategically in the right people, offering them a rewarding career path.
The wirehouse advisor moved to the independent channel at Wells Fargo.
One of the recruits oversaw nearly $210 million in AUM and had $1 million in annual production before making the move.
According to a survey of these elite leaders, wealth managers are leaving for more intimate work environments, and more will be making a move.
Wealth management firms are fighting negative perceptions to recruit college students and other millennials to the business.
The generation gap may not be as wide when it comes to young recruits and their elder counterparts.
The industry takes on the challenge of mentoring young recruits by focusing on the senior wealth managers who guide them.
Summit Financial, based in Westlake Village, Calif., is a primarily fee-based RIA offering clients investment management, insurance and retirement planning, says Triad, which offers advisory firms both a broker-dealer and a fee-based RIA multi-custodial platform.
A group with $4 million in production moved between the wirehouses, saying it wanted access to the banking and lending capabilities at Bank of America.
The former Southwest Securities team had overseen $225 million in assets at the time of their departure.
Three bank breakaways join two former colleagues who started the independent firm Standard Investment Advisors last year.
A former H. Beck advisor joins Securities America after 27 years with the firm to explore some of the industry's latest technological advances.
King Financial Network president says the team went private for better accessibility and technology.
Independent advisors are bucking the broader trend and going to work for wirehouses and regional firms, ditching managerial tasks for simplicity and payoff.
Advisors with 25 years of combined experience leave the wirehouse for the broker-dealer's private client group.
A team with more than 35 years of combined industry experience leaves the wirehouse for the regional broker-dealer.
Two veterans left the wirehouse this week for different firms, including Janney Montgomery Scott.
Four advisors made the move between the wirehouses.
Two advisors left the wirehouse where they generated more than $1.1 million in annual revenues.
Looking for a new home for your practice? Here's what you need to consider.
The regional broker-dealer landed a former business director from Lifetime Financial Growth, who also worked for Merrill Lynch and Lehman brothers.
Two advisors that produced $2.15 million in annual revenue joined Raymond James Financial Services, the firm's independent broker-dealer.
Two other groups that managed more than $300 million also move to the wirehouse.
New hires join the firm's employee and independent channels.
The trio collectively supervised about 200 advisors who oversaw more than $17 billion in client assets for UBS and Wells Fargo.
Morgan CFO Ruth Porat was eligible for $14.1 million in unvested restricted stock and $13.8 million in total deferred compensation as of the end of 2014.
Sage Private Wealth recruits an advisor with about $1.3 million in annual revenue -- and a family resemblance.
The new recruits generated an estimated $1.4 million in combined annual revenue while at Merrill Lynch.
Two wirehouse advisors who oversaw $140 million in assets joined the super regional's employee advisory ranks.
Consider every encounter at work and in your community an opportunity to create a positive reputation for your business.
Collectively, the new recruits from Wells Fargo, Morgan Stanley and A.G. Edwards managed a total of $600 million in assets before joining the firm.
These leaders are finding it more difficult to keep a balance between advisors and their firms.
After 20 years with UBS, the nearly 40-year industry veteran will now head a Baird branch in the Midwest.
An advisor's move to HighTower sheds light on an issue that bedevils those making the transition: Whether to risk losing partners -- and possibly clients.
The recruit oversaw $160 million in client assets while at Merrill, according to a UBS spokesman.
The group was responsible for about $425 million in client assets.
The wealth management industry has long been characterized by a lack of diversity. After the success of Raymond James' Women Advisors Network, though, a group of advisors and branch managers at the firm has launched a Black Financial Advisors Network.
Better technology, cultural differences and bigger deals have enabled regional firms to recruit more competitively and keep up the momentum.
Recruits from Edward Jones, Morgan Stanley and Barclays leave for the wirehouse.
Both wealth managers, who left UBS, also had a combined $289 million in client assets before making the move, RBC said.
Three advisors left the wirehouse to join the independent brokerage network at Wells Fargo.
The move marks HighTower's fifth recruiting grab this year, totaling about $2 billion in client assets.
Three wirehouse advisors joined RBC to open a new branch office.
Quartet of advisors with $175M in AUM joins Raymond James' independent operation.
The firm picked up three recruits from the wirehouse and New York brokerage.
The giant IBD is focused on recruiting more than acquisitions, says new president Dan Arnold.
The wirehouse recruited three advisors from rivals Merrill Lynch and UBS.
A Charles Schwab advisor left the firm where he managed about $350 million in client assets, according to a firm spokesman.
The firm says they "are pleased to welcome" Thomas Buck and his team.
The two advisors move between the super regionals.
HighTower adds a group led by one of On Wall Street's Top 40 Advisors Under 40.
A 33-year industry veteran heads the three-member group.
The firm recruited three advisors to its employee and independent channels from rivals Edward Jones, Wells Fargo and MetLife Securities.
A father-and-son team from Janney Montgomery Scott joined the wirehouse.
John Horner will succeed Craig Delany, who announced his retirement last month.
The wirehouse landed five recruits from Stifel, Morgan Stanley and RBC.
Raymond James added a Wells Fargo advisor who managed $175 million in client assets.
The pace of RIA dealmaking has leveled off over the last few years, with no increase in the number of deals over the previous year and aggregate AUM acquired ticking up only slightly to $47.4B from $43.7B, according to new data from Schwab Advisor Services.
Long, who oversaw 400 advisors at Wedbush, parted ways with the firm earlier this month.
Four advisors joined the firm from rival brokerage D.A. Davidson.
Facing a talent shortage, banks need young advisors more than ever and they're finding them before they even graduate college.
Two wirehouse advisors generating almost $1.7 million jumped to Steward Partners, an independent firm affiliated with Raymond James Financial Services.
"Im delighted to be returning to my California roots and joining Google," Porat said of her move back home to Silicon Valley.
The recruit generated $614,000 in production at his former job.
Wealth managers who managed over $800 million in combined client assets have joined the wirehouse, according to a spokeswoman.
The elite Bank of America brokerage unit created a new executive role to oversee philanthropic services.
A one-time wirehouse receptionist, at a time when there weren't many women in the business, now runs her own practice.
Will the firm's latest deferred comp measure drive advisors away and hurt recruitment? Recruiter Danny Sarch weighs in on the new plan.
Former head of private banking at Macquarie to develop strategy in the Los Angeles area.
An avid surfer, this wirehouse recruit made the move to Integrated Wealth Management.
The wirehouse grabbed a group that produced $2.5 million at RBC.
The firm also said it had recruited a wirehouse team with $2 million in annual revenues.
The firm named Prudential's Tidjane Thiam to replace Brady Dougan as chief executive officer as the bank grapples with declining profitability at the securities unit and weakened capital.
Two Morgan Stanley advisors managing about $150 million in assets moved to the regional broker-dealer.
A team that produced $3.1 million in annual revenue moved between wirehouses.
Advisors who can bring in and work with clients, wealth strategists with tax and accounting expertise and successor CEOs are in greatest demand.
Raymond James & Associates tapped a former Morgan Stanley exec and RIA co-founder as regional director.
A former branch manager is promoted to oversee 142 employees.
Wealth managers from separate teams moved to the wirehouse.
Veris Wealth Partners, an RIA specializing in sustainable investing, recruited the advisor, who was managing $500 million as a portfolio manager.
To court young talent, banks are reimagining their ads for positions like call center agents and video tellers as YouTube clips. They are also finding ways to make applications easier to fill out on mobile devices.
Two groups representing five advisors left Morgan Stanley to join RBC.
Two advisors who managed $175 million in client assets moved between the wirehouses.
In a rare independent-to-employee move, four independent advisors joined the employee channel of Raymond James.
Arthur Tambaro thought his career was over just a year ago. But his latest move makes sense in his career path, he says.
The two new hires managed about $210 million in client assets while at Morgan Stanley.
Three former Ameriprise advisors will sign on with the employee advisory channel at Raymond James.
The former wirehouse group is larger than Dynasty's biggest recruiting grab in 2014.
The three-advisor team generated more than $2 million in annual revenue before making the move.
A wealth manager, with $65 million in client assets before he left the regional broker-dealer, joined an independent firm affiliated with SagePoint Financial.
Regional broker-dealer Wunderlich Securities recruited two wirehouse advisors.
Advisor Billy Belcher joined the firm's independent broker-dealer.
Advisors generating $5.8 million in annual revenue left Morgan Stanley for Merrill. The team is led by the No. 7 advisor on On Wall Street's Top 40 Under 40 ranking.
Morgan Stanley lost an advisor producing $883,200 in annual revenue to Merrill Lynch.
A former RBC team that managed $200 million in client assets has signed on with Raymond James' Los Angeles office.
The recruit takes on a new role as complex manager at the firms latest office in Birmingham, Ala.