Mason Braswell | May 20
The firm completed a round of financing and added two new directors to focus on recruitment.
Mason Braswell | May 20
Janney has picked up a former Morgan Stanley duo with over $1.5 million in production.
Mason Braswell | May 16
The firm added five advisors, with one from Raymond James and one from Morgan Stanley, to further expand in the region.
Mason Braswell | May 15
The Financial Services Institute gained traction with a new round of advisors from Capital Investment Companies.
Curtis Eichelberger | May 15
Thomas Welch knows there’s 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.
Mason Braswell | May 14
Baird has bolstered its advisor force with two wirehouse teams with $800 million in assets.
Charles Paikert | May 14
The Securities America move underscored the intensity with which advisory firms are competing for talent, executive search experts said.
Zeke Faux | May 14
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. That’s leaving big firms struggling to replace a retiring generation of advisors.
Mason Braswell | May 07
Two former branch managers at Raymond James have moved to Stifel and LPL in Austin, Texas.
Lorie Konish | May 07
The new hires join the firm in Jackson, Tenn., and Mount Kisco, N.Y.
Mason Braswell | May 07
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.
Mason Braswell | May 02
The Louisville, Ky., firm picked up two advisors with a total of $200 million in assets.
John J. Bowen, Jr. | May 01
If your practice needs a push, it may be time to get professional help. Just make sure you find the right partner.
Mason Braswell | Apr 30
The firm has reorganized its branch leadership with two promotions and a new hire from Morgan Stanley.
Lorie Konish | Apr 26
Merrill Lynch’s ultra high net worth business, the Private Banking and Investment Group, has snapped up two Morgan Stanley Private Wealth Management advisors in Houston, Texas.
Lorie Konish | Apr 25
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.
Teck Lim | Apr 25
Morgan Stanley has hired three advisors from Deutsche Bank, Merrill Lynch, and Wells Fargo who combined for more than $3.2 million in production.
Teck Lim | Apr 25
J.P. Morgan Securities announced Wednesday it has added eight advisors to its offices in Boston, New York City, and Florham Park, N.J.
Teck Lim | Apr 24
Mindy Rosenthal has been promoted to president from executive director of the Institute for Private Investors (IPI), Campden Wealth’s U.S. subsidiary, and David Berger was hired as CEO for the Americas.
Mason Braswell | Apr 24
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.
Mason Braswell | Apr 23
The addition of four legacy Morgan Keegan advisors in Austin marks renewed hiring momentum, according to the firm’s director of retail.
Lorie Konish | Apr 23
The majority of Wells Fargo’s hires hail from Morgan Stanley, while one advisor joins from Edward Jones.
Mason Braswell | Apr 23
Stifel has snapped up 11 former Wells Fargo advisors with more than $1 billion in assets.
Mason Braswell | Apr 12
RBC Wealth Management added a branch manager with three decades of experience to its Denver Tech office.
Mason Braswell | Apr 11
After the successful completion of the Morgan Keegan technology integration, the firm is eliminating 160 positions due to overlap in the information technology segment.
Apr 11
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.
Read More:
How to Create Top Advisors
Lorie Konish | Apr 08
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.
Lorie Konish | Apr 05
UBS Financial Services has picked up three financial advisors from Morgan Stanley in Arizona and Indiana who managed $467 million in client assets.
Mason Braswell | Apr 04
Expanding its New England presence, the firm added a three-decade industry veteran in Connecticut.
Mason Braswell | Apr 02
Four advisors with over $3.7 million in total production have jumped to Morgan Stanley from Wells Fargo and Merrill Lynch.
Mason Braswell | Mar 28
RBC Wealth Management has strengthened its presence in Pittsburgh with the addition of five advisors with $2.8 million in combined production.
Ann Marsh | Mar 28
The happiness of the independent advisor appears to be slightly overrated. By a slight but significant margin, advisors in RIAs aren’t as happy with their careers as those in wirehouses.
Hung Tran | Mar 28
American Century Investments has named Joseph Schultz head of intermediary sales, responsible for the firm’s field and internal sales businesses, including wirehouses, regional and independent advisors, registered investment advisors, insurance company advisors and broker-dealer key account management.
Mason Braswell | Mar 22
This latest addition follows RBC’s hiring of four Morgan Stanley advisors to the new San Diego office in November.
Lorie Konish | Mar 20
A Financial Industry Regulatory Authority arbitration panel’s 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.
Charles Paikert | Mar 19
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.
Lorie Konish | Mar 19
UBS’ latest hires come after Morgan Stanley hired several UBS advisors earlier this month.
Charles Paikert | Mar 19
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.
Lorie Konish | Mar 18
Wells Fargo has hired 17 advisors to its standalone branches and added nine advisors to its independent brokerage business, Financial Network.
Mason Braswell | Mar 18
The firm continues to expand its presence in Florida with the addition of a second Wells Fargo broker.
Charles Paikert | Mar 18
Raymond James is going after more top advisors -- and it's changing its payout structure to do so.
Mar 15
Mike Papedis of HighTower advisors says there is a trend toward independence among advisors and it will continue.
Mar 15
HighTower Advisors' Mike Papedis talks about why adivsors leave the wirehouse and what they they look for when going independent.
Mar 15
Mike Papedis of HighTower Advisors talks about some of the hurdles wirehouse advisors face when making the move to independence.
Paula Vasan | Mar 13
Washington, DC.-based Convergent Wealth Advisors has hired a new managing director of advisor recruiting.
Ann Marsh | Mar 13
The firm's growth spurt has brought Washington Wealth’s total AUM, which was at a modest $100 million in December 2011, to well over $1 billion.
Mason Braswell | Mar 12
The St. Louis firm snapped up a former Morgan Stanley advisor with $114 million in assets.
Michael J. Moore | Mar 12
Kaminsky, who was the cable television network’s capital markets editor, will work with Morgan Stanley’s financial advisors on client development.
Lee Conrad | Mar 11
Banks need to keep their customers in mind as just one constituency when designing their compensation plans for advisors
Mason Braswell | Feb 27
In its second big recruiting move of the year, HighTower has picked up a former branch manager from Morgan Stanley.
Lorie Konish | Feb 26
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.
Lorie Konish | Feb 20
Morgan Stanley Wealth Management has snapped up a three-member team from Merrill Lynch with $1.3 million in production in the firm’s latest acquisition in its hunt for new advisory talent.
Teck Lim | Feb 11
Dynasty Financial Partners announced Monday it hired Michael Moriarty as director of investment platforms.
Teck Lim | Feb 11
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 firm’s Wilmington, Del., office.
Mason Braswell | Feb 07
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.
Mason Braswell | Feb 06
Some pent up demand could make 2013 a more robust year for recruitment.
Mason Braswell | Feb 06
The firm is revving up its recruiting efforts as it eyes a growing market.
Rachel F. Elson | Feb 05
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.
Mason Braswell | Feb 04
The firm has picked up a 26-year industry veteran to help grow its practice in Florida.
Joni Youngwirth | Feb 01
Your practice depends on your employees. Here are 3 ways to help them help you.
Rachel F. Elson | Jan 31
Advisors who’ve been through the deal process offer their recommendations for others considering a deal.
Rachel F. Elson | Jan 31
Advisors must adapt to the coming generational shift, TD Ameritrade Institutional president Tom Nally stressed at the company's annual conference in San Diego.
Mason Braswell | Jan 30
The firm has recruited two large wirehouse teams to open a new office in Stuart, Fla.
Lorie Konish | Jan 29
Morgan Stanley Wealth Management has snapped up five financial advisors from UBS who previously managed $750 million in client assets.
Donald Jay Korn | Jan 29
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 high–less than 15% of trainees succeed in establishing a viable business.
Mason Braswell | Jan 28
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.
Mason Braswell | Jan 25
Three industry veterans with nearly a million in production have jumped from Morgan Stanley to Raymond James in Newtown, Pa.
Mason Braswell | Jan 20
A former Edward Jones advisor has jumped to Hilliard Lyons in Paducah, Kent.
Donald Jay Korn | Jan 17
Who wins when advisors leave wirehouses? Just about everyone.
Mason Braswell | Jan 15
Malcolm MacColl has left the firm he founded, Crosswind Investments, to join Brown Advisory.
Mason Braswell | Jan 14
Two former wirehouse advisors have gone independent in Baltimore and Bethesda, Maryland.
Mason Braswell | Jan 09
RBC has added a group of five former Morgan Stanley advisors with $758 million in combined assets under management.
Mason Braswell | Jan 07
The firm has brought on three legacy A.G. Edwards advisors from Wells Fargo to open its 27th office.
Lorie Konish | Jan 07
The three additions in New Jersey include a veteran financial advisor duo from Merrill Lynch and another advisor from UBS.
Matt Ackermann | Jan 07
Raymond James Financial Services, the company’s independent broker-dealer, announced Monday it has added a mother-daughter team in Bethesda, Md., with $200 million in assets.
Lorie Konish | Dec 31
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.
Hung Tran | Dec 26
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.
Matt Ackermann | Dec 20
The San Diego-based firm plans to open three new offices in “key” California markets over the next 12 to 18 months.
Mason Braswell | Dec 14
Three industry veterans with 80 years combined experience have joined Raymond James in Fort Lauderdale, Fla.
Mason Braswell | Dec 12
Two teams with over $1 million in production have joined Merrill Lynch in St. Paul, Minn., and Ithaca, N.Y.
Rachel F. Elson | Dec 12
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.
Mason Braswell | Dec 11
Bank of America Merrill Lynch has refocused on growing fee-based and banking business and boosting client retention.
Teck Lim | Dec 11
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.
Mason Braswell | Dec 11
The husband-wife team of Joe and Penny DiRago have been hired by Wells Fargo in San Antonio.
Madhura Karnik | Dec 04
Advisor Partners announced Tuesday it hired Kris McCabe as the national director of sales and marketing.
Lorie Konish | Dec 04
Morgan Stanley Wealth Management has added eight financial advisors from rival firms Merrill Lynch and Barclays.
Samantha Allen | Dec 03
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. That’s just where The Advisor Center, an anonymous online recruiting community that launches Monday, comes into play.
Nov 29
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.
Teck Lim | Nov 28
Neuberger Berman hired Brian Layton senior vice president and head of its Boston-based wealth management group.
Mason Braswell | Nov 28
Long-time advisors Bill Duncan and Ziv Ohel joined Ameriprise in Deerfield, Ill.
Madhura Karnik | Nov 28
Snowden Capital Advisors has added two advisor teams, the DiCiaccio Group and the LaMothe-Gonzalez Group.
Lorie Konish | Nov 21
UBS Wealth Management Americas has snagged a Merrill Lynch team in Cincinnati with more than $1 billion in client assets under management.
Lorie Konish | Nov 20
Robert W. Baird & Co. has hired veteran financial advisor Baron C. Becker from Morgan Stanley Wealth Management in Portland, Maine.
Lorie Konish | Nov 19
Wells Fargo has extended its summer hiring spree with 24 new financial advisor hires managing a total of $2.2 billion in assets.
Matt Ackermann | Nov 15
The Washington, D.C., based group announced Thursday it added Blaine F. Aikin, Arthur B. Laby, and Thomas C. Nelson to its board.
Mason Braswell | Nov 14
Merrill Lynch has added industry veteran Daniel Sandlin from Morgan Stanley.
Mason Braswell | Nov 14
The firm has added a team with over $500 million in production to its southern California offices.
Mason Braswell | Nov 12
A career advisor with three-and-a-half decades of experience, Karl Rothermund has left Morgan Stanley for Raymond James in Scottsdale, Ariz.
Mason Braswell | Nov 08
The firm has hired Harold Langer, a three-decade industry veteran, to be senior vice president at the Tucson branch.
Mason Braswell | Nov 06
Industry veteran Nicolas Seigal joins RBC’s international wealth unit as branch manager in Miami.
Madhura Karnik | Nov 06
Summit Brokerage Services expanded its team of advisors adding seven advisors over the last five months, the Florida-based company announced Tuesday.
Lorie Konish | Nov 06
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.
Lorie Konish | Nov 05
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.
Matt Ackermann | Nov 05
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.
Scott Wenger | Nov 01
A catalog of some of the nation's top planning schools is a resource for both planners-to-be and today's advisors
Mason Braswell | Oct 31
George Silfen joins the firm as a partner in the Financial Services Group.
Oct 31
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.
Mason Braswell | Oct 31
The firm is adding a senior regional director of branch office development to boost recruiting efforts.
Donald Jay Korn | Oct 28
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.
Mason Braswell | Oct 26
Two investment teams from Merrill Lyncch have joined RBC's Leadwood, Kan., office.
Mason Braswell | Oct 26
The firm hopes that Karein Heintz can help grow its presence in the twin cities.
Mason Braswell | Oct 25
Picked up in a renewed focus on recruiting, Mark Teed joins Raymond James in Massachusetts.
Mason Braswell | Oct 25
A three-decade industry vet, David Upin, joins as senior vice president in Minneapolis.
Matt Ackermann | Oct 24
Brown Advisory, a Baltimore-based independent investment management firm, hired Christopher Bartlett as a partner in its Baltimore office.
Ann Marsh | Oct 24
The hybrid RIA firm says it chose LPL after a 'Bachelor'-style bakeoff.
Lorie Konish | Oct 22
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.
Mason Braswell | Oct 22
With 30 years industry experience, Robert Bernardin joins Hilliard Lyons as a senior vice president in Indiana.
Mason Braswell | Oct 16
Janney’s 32nd hire in their private client group this year, George Keith will be complex manager in Darien, Conn.
Oct 16
Seven advisors have joined Baird’s wealth management group in Texas, Maryland and Nebraska in a late summer round of recruiting.
Mason Braswell | Oct 15
Southwest Securities has hired J.C. Graham as part of its latest recruitment campaign.
Samantha Allen | Oct 15
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.
Lorie Konish | Oct 12
As Raymond James Financial Chief Executive Paul Reilly looks to the future, he sees more diversity in the firm’s workforce, particularly when it comes to female and younger financial advisors.
Madhura Karnik | Oct 09
HighTower Advisors hired David Nelson as a private wealth advisor at its Washington, D.C., based Pagnato-Karp Group.
Mason Braswell | Oct 09
A four-man team, the Nierling Investment Group, has joined RBC in Dallas, Texas.
Mason Braswell | Oct 05
Scott & Stringfellow has brought on three former Wells Fargo advisors to join its Charlotte office.
Mason Braswell | Oct 05
RBC has pulled an industry veteran from UBS to fill the position of branch director of its Burlington offices.
Lorie Konish | Oct 04
Wells Fargo has tapped firm executive Jim Hays to serve as executive vice president and head of wealth brokerage services.
Teck Lim | Oct 04
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.
Ann Marsh | Oct 03
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.
Oct 03
Fed up with changes in infrastructure, two veterans with more than two decades at Morgan Stanley move to Ameriprise.
Lorie Konish | Oct 03
RBC Wealth Management has snapped up a three-member wealth management team from Merrill Lynch in Colorado.
Lorie Konish | Oct 03
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.
Lorie Konish | Sep 28
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.
Sep 28
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.
Lorie Konish | Sep 26
A new arbitration decision holds a lesson for financial advisors: Be careful when you leap.
Mason Braswell | Sep 24
JHS Capital Advisors opens a new office with Mark Hennings as Branch Manager and advisor
Michael J. Moore | Sep 21
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.
Mason Braswell | Sep 21
The firm has poached two industry veterans from HSBC and Barclays as it looks to expand.
Ann Marsh | Sep 21
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.
Teck Lim | Sep 21
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.
Mason Braswell | Sep 18
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.
Mason Braswell | Sep 18
The firm has expanded its Denver office with the addition of industry veteran Tina Huyler.
Lorie Konish | Sep 18
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.
Donald Jay Korn | Sep 18
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.
Lorie Konish | Sep 17
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.
Matt Ackermann | Sep 17
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.
Hugh Son | Sep 13
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.
Donald Jay Korn | Sep 13
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.
Lorie Konish | Sep 12
Wells Fargo Advisors has tapped an executive from Citigroup and two of its existing leaders to serve in new senior leadership roles.
Lorie Konish | Sep 11
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.
