A pair of sessions at the FSI OneVoice conference focused on recruiting and retention challenges facing IBDs, many of which center on hybrid or dually registered RIAs who are edging toward greater independence.
Raymond James & Associates recruited advisors from Oppenheimer & Co. and Wells Fargo Advisors, each with close to $1 million in revenue.
Two wirehouse advisors generating $1.3 million in annual revenues joined RBC Wealth Management.
The regional broker-dealer lands three new recruits for its employee channel, including one who managed more than $100 million AUM.
Two Merrill Lynch advisors left the wirehouse for independent firm Snowden Lane Partners.
A wealth manager with 30 years of experience left Citigroup Global Markets to join the year-old Lebenthal Wealth Advisors as a producing branch manager.
The seven-member group left Morgan Stanley to join Wells Fargo.
Raymond James lured away a Morgan Stanley advisor managing more than $85 million in client assets.
Seth Barnes was promoted to oversee 10 branch offices at the wirehouse.
Two advisors left Wells Fargo to join Stifel.
An advisor managing more than $188 million in client assets joined Raymond James & Associates.
Kevin Reed, head of wealth management for Janney Montgomery Scott, explains how the firm is shifting its focus to meet the needs of a "new breed of FA."
The firm hired the former CEO of Source Capital Group as a regional manager.
Raymond James lured away a UBS advisor managing more than $120 million in assets.
An Edward Jones advisor managing more than $114 million in client assets joined the Raymond James independent channel.
Two advisors left RBC to join Raymond James' employee channel.
Stifel Nicolaus lured away a 36-year veteran advisor from RBC.
The CFP Board has launched a new online portal intended to serve as a resource for people looking to start a career in financial planning.
U.S. Capital Advisors recruited a veteran Wells Fargo advisor who previously managed $550 million in assets as part of a three-person team.
An advisor managing $215 million in assets left Merrill Lynch to join the regional firm.
A former BNY Mellon advisor that managed $850 million in client assets has formed an RIA affiliated with Raymond James' independent RIA channel.
The elite team left Merrill Lynch for Morgan's ultrawealthy consulting group. The mega move comes on the heels of the firm's data breach.
The new recruits come from Morgan Stanley and UBS.
The fast-growing, private wealth management firm has partnered with a new team, TC Wealth Management.
Firm president Tash Elwyn explains the upswing in advisor headcounts.
Bank wealth management has been on a tear, but pressures such as recruiting and robos threaten to the slow down the momentum. Heres how banks are fighting back.
Banks need more advisors and have the business to support a bigger headcount, but many are too busy chasing only the best producers, leaving them in a Catch-22 where they cant staff up enough to see real growth.
Cerulli predicts that market share gains in the RIA and dually registered channels will likely come at the expense of wirehouses and independent broker-dealers.
The firm recruits a team with advisors from Wells Fargo and JP Morgan.
Three of the four formed a team with $218 million in assets under management.
The Bogart Group was previously with RBC Wealth Management-U.S., managing client assets of more than $600 million.
The wirehouse recruited advisors from rivals Merrill Lynch and UBS.
Merrill's newest recruit managed more than $185 million in client assets while at UBS.
Margaret Towle was most recently a partner and managing director with HighTower Advisors. She's also editor-in-chief of The Journal of Investment Consulting.
Raymond James' independent broker dealer lured away two advisors producing $1.85 million from Morgan Stanley.
Raymond James & Associates lured away a wirehouse team with $116 million in AUM.
The wirehouse named former football pro and advisor William Thomas to head the firm's San Francisco complex.
A Wells Fargo team left the wirehouse to join Raymond James & Associates.
An advisor managing $181 million in assets left Morgan Stanley for the Swiss firm.
Wealth managers called into active duty have a delicate balancing act between serving firm and country.
Lebenthal picked up an RIA that oversees $250 million in assets, as well as a team of two advisors in New York.
Mega teams spend months, sometimes years, in the effort to find a new home and transition their oversized books.
Raymond James & Associates recruited an advisor managing more than $191 million in assets from regional rival Stifel.
The wirehouse brought over five advisors from UBS and Citi Personal Wealth Management.
The team, known as Madison Street Financial Group, generated $3.5 million in annual revenue.
HighTower recruited a Merrill Lynch advisor to join a group that broke away from the wirehouse earlier this year.
An advisor team generating $6.7 million in annual revenue has left J.P. Morgan Securities for Raymond James & Associates.
A new addition to Raymond James & Associates helps further the firm's growth plans.
Two Raymond James advisors joined Ameriprise; one went to the employee channel, the other moved to the firm's independent side.
Wells Fargo Advisors recruited a veteran advisor generating more than $1 million in annual revenue.
Merrill Lynch lost a group of advisors managing $535 million in assets to Raymond James & Associates.
A Merrill Lynch advisor has left the wirehouse to join UBS Private Wealth Management.
Advisors from Morgan Stanley, with combined assets of more than $387 million, made the move to Merrill Lynch.
Advisors from Merrill Lynch and Wells Fargo were elected to IMCA's board of directors.
Stifel Financial hired a new branch manager who previously worked for Merrill Lynch.
Want a better way to help staff improve? Here's how to turn the end-of-the-year ritual into an experience that's productive for you and your employees.
The wirehouse said it scooped up two advisors from rivals Raymond James and J.P. Morgan.
Two advisors have left J.P. Morgan Private Bank to join Barclays' wealth management division in Palm Beach, Fla.
Raymond James & Associates lured away one advisor who generated $2 million in production.
Raymond James & Associates has recruited financial advisors from RBC and TD Ameritrade, including one with $100 million in AUM.
Janet Robinson is the first woman to join the 8-member board of the independent firm founded by wirehouse managers and affiliated with Raymond James Financial Services.
Worries about a tidal wave of retiring advisors may be overblown, say some wealth management executives.
RBC enticed away a Merrill Lynch team managing $103 million in assets.
Frank Campanale, CEO of Lebenthal Wealth Advisors and a former executive at Smith Barney, spells out the key elements in firm's growth plans and recruiting strategy: brand, equity stakes and passion.
Worldwide, the number of people with $30 million or more to invest -- the kind of folks who would hire a family office -- rose 15.6% to 128,300 in 2013. See which firms manage the most assets.
Washington Wealth Management lured away an advisor managing $100 million in assets and who had been at the wirehouse for three decades.
RBC Wealth Management lured away a wirehouse advisor managing $116 million in assets from Wells Fargo Advisors.
Deutsche Asset & Wealth Management grabbed a financial advisor from rival Barclays.
Lebenthal Wealth Advisors has recruited a former wirehouse branch manager and two independent advisors to fulfill its growth plans.
An independent advisor managing $165 million has joined Ameriprise's employee channel.
If you want a better talent pipeline, you should get closer to the institutions minting new CFPs. See how several firms are doing it.
Want some interns or residents of your own? Here are a few issues to keep in mind before the students show up.
Special report card: See the colleges, universities and other institutions training new planners.
We found a few firms that were getting it right on recruiting next-gen planners. Check out their road map.
If you want your firm to grow, you need a plan to find and develop smart young advisors. Here's how our firm does it.
Wealth management firm Baird has developed a new way to connect with planning students at University of Wisconsin.
Don't throw new hires into the deep end. Here are a few smarter ways to help them thrive.
Tash Elwyn, president of Raymond James & Associates, says that while the future of the industry could experience collapse or further consolidation, his firm has found success serving from a unique niche.
Mary Mack is not only president of Wells Fargo Advisors, shes a client too. In an exclusive interview with On Wall Street, Mack talks about what its like being a Wells Fargo client, the direction of her firm and the changing landscape for advisors.
Janney Montgomery Scott lured away a husband-wife team from Wells Fargo Advisors.
Raymond James Financial's private client group contributed to record profits for the company on strong performance.
Edward Jones Managing Partner James Weddle says the firm grows organically, recruiting from colleges and even the military for new advisors.
The independent broker-dealer has added former LPL affiliate Nelson & Nelson Wealth Management of Camarillo, Calif.
An advisor team has left J.P. Morgan to join regional wealth manager Janney Montgomery Scott, opening a new office in Rhode Island.
Deutsche Asset & Wealth Management has hired Jason Dudley from Morgan Stanley as a director and regional executive for the firm's Atlanta Private Client Services office.
A Wells Fargo advisor team that managed $200 million in assets has left to join Steward Partners, an independent firm founded a year ago by former wirehouse managers.
Latest Morgan Stanley advisor additions around the country bring a combined $565M in AUM and over $3M in revenue.
Merrill Lynch grows its Chicago presence by hiring UBS team with $500M in AUM and nearly $5M in revenue.
Expanding its advisor ranks, small broker-dealer Jefferies announced the hire of a rio of Barclays veterans that bring a focus on REITs and MLPs.
Caleb Brown and Michael Kitces, founders of New Planner Recruiting, have launched of a new website that focuses exclusively on job opportunities with independent financial planning firms.
Deutsche Asset & Wealth Management lured away a managing director from J.P. Morgan.
Stifel Financial brings in a veteran Morgan Stanley advisor for a newly created client office in West Chester, Pa.
Waddell & Reed picked up an advisor from rival Edward Jones.
Wealth management advisory work has evolved from the retail brokerage days of the 1980s, when advisors were considered salespeople.
A Morgan Stanley advisor duo with $213 million in AUM has left the wirehouse to join RBC Wealth Management.
A former UBS broker was ordered to pay back the wirehouse $1.75 million of his recruiting bonus the third such million-dollar judgment against him this year.
Deutsche Asset & Wealth Management hired a new regional executive from J.P. Morgan.
Deutsche Bank AG, the German lender that has pledged to improve controls after criticism from regulators, hired Elizabeth J. Ford from Goldman Sachs Group Inc. as head of compliance for the Americas.
Raymond James reshuffles its divisions, leading to several management appointments.
A UBS advisor managing $108 million in assets has left the wirehouse to join rival firm Merrill Lynch.
An advisor team with $400 million in client assets has left Wells Fargo to go independent with the help of Dynasty Financial Partners.
The new program is designed to help advisors and sales assistants sharpen their sales and administrative skills.
Raymond James & Associates recruited a wirehouse advisor who generated over $1 million in revenue, managing more than $120 million in assets.
Morgan Stanley picked up five advisors managing more than $650 million in combined assets from its rivals, according to a spokesperson for the wirehouse.
Competitive threat or recruiting target? The wave of retiring baby boomers will change the calculus for client needs -- and that's opening up a new opportunity for CPAs in wealth management.
Here's how Roger Hewins used an accounting firm connection to help create a $3.5 billion RIA.
A wirehouse advisor team managing about $400 million in assets has left UBS to join Snowden Lane Partners, an independent firm.
Four Wells Fargo advisors have left the wirehouse to join Benjamin Edwards, opening the regional broker-dealer's 49th office.
Fidelity is urging firms to "tone down" sales aspects of planning jobs when trying to recruit new Gen Y advisors, raising the hackles of at least one fiduciary expert.
Two advisors with $80 million in AUM leave Wells Fargo for RBC Wealth Management.
The industry is losing about 3,000 to 4,000 advisors annually who arent being replaced, says Pershing CEO Mark Tibergien.
Intended to help new planners jumpstart their careers, the career site is set to launch in January and will be sponsored by Fidelity.
As competition for talent increases, the best way for RIA firms to hold onto top-tier employees is to make it worth their while. Schwab's 2014 RIA Benchmarking Study highlights three major steps toward building a good compensation plan.
Two former advisors from Fifth Third Private Bank are joining LPL's broker-dealer and custodial platforms as an independent hybrid firm, StreamSong Advisors.
Morgan Stanley hired a team with $4.5 billion in AUM the second multi-billion-dollar team plucked from Merrill Lynch this month.
Washington Wealth crests $1 billion in AUM by adding Martucci Adams Wealth Advisors of Salt Lake City.
Wealth management firms look to grow the bottom line out West. "Everybody is trying to get bigger in the marketplace. And those who aren't present here want to enhance their presence," says Bill Willis, a Los Angeles-based recruiter.
Independent Financial Partners, an LPL firm, tapped a financial services veteran to recruit advisors from the wirehouse channel.
Janney Montgomery Scott replaces wealth management products chief David Penn, as he steps down to become a financial advisor.
A Merrill Lynch advisor managing $230 million in assets has left the wirehouse to join RBC Wealth Management.
Wirehouse advisors managing more than $1.1 billion in assets have moved over to Wells Fargo.
John Taft, head of RBC wealth management in the U.S., weighs in on extending fiduciary responsibility to broker-dealers, saying any extension must account for the distinct business practices of the sector.
In a two-week period, Ameriprise has recruited five advisors managing more than $600 million.
Deutsche Asset & Wealth Management recruited a private banker and managing director from J.P. Morgan to open a new office in Dallas.
Baird picked up a branch manager from Wells Fargo and a regional advisor managing about $150 million in assets.
Morgan Stanley landed an advisor team managing $1.1 billion in assets.
Regional broker-dealer Janney Montgomery Scott recruited an advisor who managed $115 million in assets and generated about $1.3 million in annual revenue.
HighTower recruited a Merrill Lynch advisor team managing $440 million in assets.
A former Stifel advisor joins Janney Montgomery Scott's private client group.
Scarlett (Yuanyuan) Che, Rianka Dorsainvil and Phuong Luong will be honored for "working to encourage diversity in the financial planning profession and the population served."
A Wells Fargo advisor managing $115 million in assets has left the wirehouse for Raymond James & Associates.
Schwab's unsuccessful $15 million claim against Morgan Stanley for poaching brokers shows real animosity between the firms, experts say.
Two Merrill Lynch advisors managing $227 million in assets have left to join Wells Fargo Advisors.
Raymond James recruited a former Merrill Lynch executive to head one its newest branch offices.
Firm switches to LPL to help it attract "overlooked" wirehouse advisors with $250,000 or more in revenues.
Regional firm Benjamin F. Edwards picked up a Wells Fargo advisor team.
Wells Fargo's elite Abbot Downing unit is adding a senior consultant to the team overseeing client education programs for ultrawealthy clients.
Use these ideas to quickly bring new staff up to speed on a firm's values, tools and culture.
Two Morgan Stanley advisors managing $348 million in assets have left to join Wells Fargo Advisors.
A Raymond James advisor has left the firm to join U.S. Capital Advisors, a small regional wealth management firm experiencing rapid growth.
Deutsche Bank has hired two executives to oversee technology and operations.
The Philadelphia-based wealth management firm announced late Friday that 30-year industry veteran Michael Lynfield has joined Janneys Fairfield location in the role of first vice president/investments.
The 92-year-old brokerage is looking to head off a projected shortfall of financial advisors by sponsoring training classes at U.S. universities.
A former Merrill Lynch advisor has joined Abbot Downing, a unit of Wells Fargo that serves ultra-wealthy clients.
Broker-dealer Waddell & Reed has added 11 new advisors from seven firms who collectively managed $430 million in assets.
HighTower recruited a Merrill Lynch advisor team managing $800 million in assets.
Planners should consider hiring younger staff, and then encouraging -- or even requiring -- junior associates to study and sit for the CFP exam and complete their experience requirements, the CFP Board says.
Stifel Nicolaus picked up a Baird advisor managing over $170 million in assets.
Wells Fargo Advisors picked up an advisor team with $300 million in client assets from Morgan Stanley.
A former United Bank & Trust wealth management team with more than $350 million in client assets is going independent with the help of Dynasty Financial Partners.