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.
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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.
A former Morgan Stanley executive with 30 years of experience has signed on with Zieglers wealth management division as its new senior managing director.
Ameriprise had a busy recruiting month in July, adding four advisors managing over $350 in assets to its franchise channel.
The recently-launched Lebenthal Wealth Advisors has brought in its second large advisory practice with the addition of a $600 million team from BNY Mellon.
The silence about plannings race gap is most insidious.
In an exclusive interview, Tash Elwyn, president of Raymond James & Associates, explains why the firm is enjoying recruiting success and where its future growth will come from.
Raymond James has picked up a UBS advisor team that had annual fees and commissions of about $1.9 million.
Focus Financial Partners named Dan Sontag, a former president of Merrill Lynch's global wealth management unit, to its board of directors.
Wunderlich Securities picked up an advisor with $70 million in client assets from Raymond James & Associates.
It's a busy recruiting season for Wells Fargo, which announced that it has added four wirehouse advisors managing about $450 million in assets.
Entrepreneurial advisors are leaving the wirehouses and constructing new business models the industry hasn't seen. But before joining these trailblazers, other advisors should think about what it is they want to change.
After leaving LPL for NFP, Washington Wealth brings its breakaway advisor total to seven for the year thus far.
As the firm pursues growth, Raymond James executives are striving to maintain its intimate feel and regional firm culture.
Baird has appointed a director for its Houston market and has picked up another advisor with $350 million in client assets.
The wirehouse aims to appeal to the next generation of advisors with its new Team Financial Advisor training program.
A veteran advisor has left Morgan Stanley for a Chicago-based boutique investment firm where he will oversee $300 million in client assets.
Securities America will acquire assets of a Missouri-based full-service broker-dealer with 368 advisors and $2.4 billion in client assets.
Two financial advisors have left Wells Fargo to join Raymond James Financial Services, the regional's independent broker/dealer.
Despite their smaller size, these boutique IBDs outperform on several desirable metrics.
J.P. Morgan enticed advisors from competitors, including Morgan Stanley, Merrill Lynch and Wells Fargo, in a half dozen markets to fuel its nationwide expansion of wealth management.
Baird and McAdams Wright Ragen will combine offices in Portland, Ore., following Baird's recent acquisition of the Seattle-based broker-dealer.
A Morgan Stanley team that managed over $650 million has gone independent using a new consultant.
Benjamin F. Edwards grabbed nearly a dozen advisors and opened offices in three states.
A Morgan Stanley advisor with $200 million in assets under management has rejoined Merrill Lynch.
Morgan Stanley has picked up five financial advisors from Merrill Lynch, Wells Fargo and J.P. Morgan.
Deutsche Bank's asset and wealth management unit is in growth mode in the U.S., hiring a string of managers and advisors.
With the acquisition of broker-dealer McAdams Wright Ragen complete, Baird has grown to more than 800 advisors and $125 billion in assets.
Morgan Stanley has lost a team that generated $3 million in annual revenue to Steward Partners Global Advisory, boosting the eight-month old independent firm's total recruited assets to more than $1 billion.
Ameriprise enticed away a Morgan Stanley advisor who generated $1 million in annual revenue, according to a spokesman for the regional broker-dealer.
A complex manager at Merrill Lynch was promoted to market president at Bank of America.
Two advisors managing more than $160 million in client assets have jumped from Merrill Lynch to Bison Financial Group, an independent practice of the Wells Fargo Financial Network.
Two UBS advisors managing more than $300 million in assets have joined Wells Fargo.
The recruiting firm awards exam fee reimbursements to three new planning graduates -- as long as they pass the test.
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Father-and-son advisor team managing more than $200 million in assets left Sterne Agee for Raymond James.
A Stifel advisor team that managed almost $200 million in assets has left the firm to join Raymond James & Associates.
An advisor team managing more than $170 million in client assets has left UBS to join Stifel, Nicolaus.
UBS, Switzerlands biggest bank, named former U.S. Senator George Mitchell chairman of a new advisory council for the firms business in the Americas.
Morgan Stanley, owner of the worlds largest brokerage, received more than 90,000 applications for its summer program for analysts and associates.
Two former RBC advisors managing about $230 million in combined assets jumped to Baird.
A UBS advisor team managing $430 million in assets has left the wirehouse to join regional broker-dealer First Kentucky Securities.
A former UBS Advisor with more than $130 million in assets and $1.2 million in annual production made a move to RBC Wealth Management-U.S.
RBC Wealth Management-U.S. has recruited a former Morgan Stanley executive director to help with the firm's growth plans.
U.S. Capital Advisors, a small regional firm in Texas, has recruited five former UBS and J.P. Morgan advisors who managed more than $500 million in combined client assets.
Merrill Lynch lured away two advisors from Barclays Capital, where they managed a combined $285 million in assets.
A former Merrill Lynch executive has joined Focus Financial Partners to co-head a program that helps wirehouse advisors go independent.
Regional wealth manager D.A. Davidson is launching a new training program aimed at bringing recent college graduates into the financial advisor profession.
A former J.P Morgan advisor team that managed $1.5 billion in client assets has left the firm to join Wells Fargo Advisors.
Two former UBS advisors are moving over to Stifel.
Stifel Nicolaus & Co. has added a former Morgan Stanley advisor who managed more than $250 million in assets.
Two former Wells Fargo Advisors who managed $400 million have left to join a firm with Focus Financial Partners, the network of independent financial advisors.
A former Merrill Lynch advisor team has left the wirehouse to form Quadrant Private Wealth, a new partner firm of Focus Financial Partners, according to a spokesperson.
Millennials represent $1.5 trillion in purchasing power and they want things the way they want themif you want their business, you have to change, not them.
Most of the new arrivals are employees of larger financial service companies, said president Scott Curtis, and about 25% are already independents.
The firm lures three separate teams who manage a total of more than $500 million in client assets.
UBS grabbed a former Merrill Lynch advisor who managed $500 million in client assets.
Benjamin F. Edwards snapped up four advisors from Wells Fargo and opened a new office in Pensacola, Fla.
Two Merrill Lynch veterans who generated about $1.6 million have left the wirehouse for Raymond James & Associates.
Morgan Stanley has lost two advisor teams that managed more than $400 million in assets.
Emboldened by a newfound sense of what their investment programs offer, more banks are turning to wirehouses for recruits.
Raymond James has recruited a veteran advisor from Morgan Stanley where he managed more than $360 million.
Stifel, Nicolaus & Company picked up two wirehouse teams that managed more than $1 billion in combined AUM, boosting the St. Louis-based firm's presence in the Carolinas to 18 offices from 15.
A former Morgan Stanley advisor team that managed $600 million in assets has left the wirehouse to join forces with HighTower.
Former wirehouse complex manager Tony Sirianni launches Sirianni Strategy Group, a consulting and marketing firm, to help independent firms attract wirehouse advisors.
Advisors demanded that the group help 'draw a line' between financial planners and salespeople, and help them solve other challenges.
Two former wirehouse advisors that managed more than $80 million in client assets have left Wells Fargo to join Raymond James & Associates, the firm's traditional employee/broker-dealer.
Switzerlands biggest bank hired Ros Stephenson from Barclays to be global chairman of corporate client solutions, reporting to Andrea Orcel, the investment bank's chief.
A former wirehouse advisor team with $350 million in assets has left Wells Fargo to join RBC Wealth Management-U.S.
Merrill Lynch has scooped up two advisors with $3 billion in assets under management from rival wirehouse giants UBS and Deutsche Bank.
The Cypress Group, a former Morgan Stanley team that managed about $740 million in assets, has left the wirehouse to join Integrated Wealth Management.
With nearly $400 million in assets, the trio will bring their new firm's assets to roughly $1.3 billion.
Revenue growth combined with high expenses and a challenging recruiting environment; CFO calls advisor pipeline 'solid' despite defection of 40 bank advisors.
Revenue climbs and assets grow, but net income slips at the country's biggest independent broker-dealer.
'Mariner is a well-organized and well capitalized growth company,' says John Furey, principal of Advisor Growth Strategies. 'The pace of growth is best in class and I expect it to continue.'
Developing successful training programs that embrace Millennial advisors is the single most important way to attract and maintain the wealth of this new generation.
For female advisors, a new CFP Board report finds several challenges that largely fall into two areas: bias, both perceived and actual, and awareness of the profession.
Planners thinking of retirement often seek young partners to share the business. But such pairings can be tricky to pull off.
Fortress is the fifth firm to join Omaha-based Arbor Point, which provides an open architecture platform aimed at dually registered advisors, since it launched early last year.
Deutsche Bank's wealth management unit has recruited former-Barclays advisor Chris Guttilla.
Janney Montgomery Scott recruited an advisor team with $1.7 million in annual revenue from Barclays.
If the integration process takes longer or is more costly than expected, RCS says it may 'fail to realize' some or all of the anticipated benefits of the pending acquisitions.
Washington Wealth Management has recruited two advisors from UBS and Wells Fargo, where they collectively managed approximately $150 million in assets.
AUM drops 31% as more top brass depart, with parent SunTrust filling executive ranks with veterans of the bank.
Advisor group Cohen Financial Management has joined Raymond James Financial from J.P. Morgan Securities, where the team generated annual revenues in excess of $4.2 million.
Switzerland's biggest bank hired 88 advisors this year to service rich Asian clients after assets at its wealth management business in the region jumped 38% in the past two years.