A $1.6 million producer left J.P. Morgan to rejoin the Canadian bank's U.S. brokerage.
The firm reported solid growth and record advisor productivity in its wealth management business.
Recruiting stayed strong as Raymond James reported a 6% increase in quarterly profits for its wealth management unit year over year.
The bank generated $97 million in second-quarter revenue from its brokerage, trust and insurance operations, up 7.8% year-over-year.
Three recruits from the wirehouses join the hybrid RIA Washington Wealth.
Holding special events and activities for clients can strengthen relationships with wealthy individuals in your business, as long as advisors keep within compliance.
Will the trickle of advisors leaving Barclays for rival firms turn into a flood?
Tash Elwyn, president of Raymond James & Associates, says recent recruiting milestones have "triggered a number of inquiries" from advisors thinking of making a move.
The moves represent another blow to Barclays, which lost five advisors in advance of a pending deal to sell its U.S. wealth management operations to Stifel.
The bank looked to one of its own to replace the current wealth management and insurance division head.
Advisors aren't so happy this year, in particular due to changes in comp plans and subpar leadership, according to the new J.D. Power study.
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.
KeyCorp in Cleveland has hired Gary Poth as head of its family wealth division at Key Private Bank.
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 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.
Aggressive transition packages, expiring contracts and deals adding up to a 400% payout for some advisors are helping wealth management firms recruit new teams.
A FINRA arbitration panel ruled in Merrill's favor and against the former wirehouse advisor, although one arbitrator dissented in awarding the firm about $200,000 in attorney's fees.
The team generated nearly $4 million in annual revenues while at Morgan Stanley and joined Raymond James' employee channel.
The regional firm landed an advisor with more than three decades of experience.
Some advisors might land a sizable payout, according to documents seen by On Wall Street.
The deal will give Stifel about 180 financial advisors managing $56 billion in total client assets.
The regional brokerage hired two new executives and promoted a third in a bid to provide more planning support to the firm's advisors.
There are some regulatory red flags that all advisors must pay attention to. But RIAs and brokers also face hurdles specific to their businesses when it comes to staying out of hot water.
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.
Barclays may fetch $150 million to $250 million for its U.S. wealth unit, according to analysts at Credit Suisse Group.
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.
Johnny Dawson explains how the values he learned while serving his country guide the way he serves clients today.
The former Southwest Securities team had overseen $225 million in assets at the time of their departure.
King Financial Network president says the team went private for better accessibility and technology.
The vast majority of Americans cannot afford to send their children to college, finds Edward Jones' fourth annual 529 Plan Awareness Survey. Here's how to help your clients.
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.
The firm said pretax profits for its global advisory business rose 24% from the year ago period.
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.
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.
Sage Private Wealth recruits an advisor with about $1.3 million in annual revenue -- and a family resemblance.
Learn how these leaders are focused on growing the advisor ranks and helping them build bigger businesses.
This year's elite leaders, nominated by their staffs and selected by a panel of judges, reveal their strategies for helping advisors and boosting AUM.
Management is pushing advisors new directions, implementing more behavioral bonuses and restricting payouts on small household accounts.
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.
Advisors should understand the personality styles of their branch managers for financial success, job satisfaction and comfort within their own firm.
A D.A. Davidson advisor is inspired by his father to join the wealth management 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.
The group was responsible for about $425 million in client assets.
Better technology, cultural differences and bigger deals have enabled regional firms to recruit more competitively and keep up the momentum.
The company's Private Client Group reported a 2% decline in quarterly profits as the firm continued to ramp up its advisor recruiting.
Recruits from Edward Jones, Morgan Stanley and Barclays leave for the wirehouse.
The firm's wealth management division also reported that pretax operating earnings rose 16% from a year ago.
Both wealth managers, who left UBS, also had a combined $289 million in client assets before making the move, RBC said.
One of the advisors managed about $200 million in client assets while working for the wirehouse. The other joins a $500 million team at Janney, the firm said.
Three wirehouse advisors joined RBC to open a new branch office.
The firm picked up three recruits from the wirehouse and New York brokerage.
The regional broker-dealer reported profits of $135 million for the past year, up 15% year-over-year.
How these leaders forge stronger relationships with advisors.
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 proposed consolidated database would bring together BrokerCheck and IAPD and include data on unregistered financial professionals across the industry.
The fast evolution of technology has many industry leaders trying to figure out whether robo advisors are a threat, a tool or something else entirely.
The two advisors move between the super regionals.
Stifel's CEO says his firm is enlarging its footprint in the independent space because clients are migrating there.
A former RBC team that had over $1.25 million in combined production has joined Janney Montgomery Scott.
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.
Wealth management firms are implementing more behavioral bonuses while also making a larger share of comp deferred.
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.
Four advisors joined the firm from rival brokerage D.A. Davidson.
Launching another volley in the fight over a national fiduciary standard, an investor advocate group argues that brokerage firms are misleading investors.
Traditional firms must boost their digital wealth management tools or risk being overrun by those that already do.
John Lipari and Richard Ribek say they chose Raymond James' "client-first culture."
For several years regional banks have been furiously trying to boost fee income by beefing up in wealth management. But the cost of acquiring talent has made it hard for them to gain traction in this all-but saturated market.
The heads of the employee and independent advisory channels will report to Ameriprise CEO Jim Cracchiolo when Don Froude steps down as president of the firm's Personal Advisor Group.
Leaders at the biggest firms are looking to deferred compensation and other ways to grow shareholder value and control costs.
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.
Two Morgan Stanley advisors managing about $150 million in assets moved to the regional broker-dealer.
The firm's employee channel picks up two financial planners from brokerage M.J. Whitman.
Raymond James & Associates tapped a former Morgan Stanley exec and RIA co-founder as regional director.
Two groups representing five advisors left Morgan Stanley to join RBC.
Here's how the industry's leading experts say you can protect your data and your practice.
Wealth-management profits fell 2.1% to C$230 million, after recording C$27 million in restructuring costs for its U.S. and international operations, while insurance earnings rose 18% to C$185 million.
As expenses get harder to tighten and net interest income remains strained, fee income becomes more important for banks.
The deal boosts Stifel's advisor force by one-third to about 2,800 advisors -- and readies the firm to grow its business in the independent channel.
Three former Ameriprise advisors will sign on with the employee advisory channel at Raymond James.
Stifel CEO Ronald Kruszewski wants to be an advice leader, and acquiring Sterne Agee may get him there, potentially lifting the firm's total advisor headcount to 2,800.
A Stifel-Sterne Agee merger would dwarf other moves made last year.
The three-advisor team generated more than $2 million in annual revenue before making the move.
Regional broker-dealer Wunderlich Securities recruited two wirehouse advisors.
A former RBC team that managed $200 million in client assets has signed on with Raymond James' Los Angeles office.
No clarity on how regulators will decide to handle fiduciary standard proposed for broker-dealers, Schapiro said.
The recruit takes on a new role as complex manager at the firms latest office in Birmingham, Ala.
Two veteran wirehouse advisors joined regional broker-dealer Wunderlich.
Two UBS advisors managing $170 million in assets joined Baird.
These firms have made advisor-friendly cultures a crucial part of their success in both retaining advisors and recruiting new ones.
"I spent the first 21 years of my professional life in the broadcast industry. ... When youre on deadline, you almost have to become an instant expert," says Edward Jones advisor Alison Gilman Aquino.
Ameriprise Financial reported 33% year-over-year growth in wealth management profits.
Oppenheimer Holdings will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of an offshore brokerage.
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.
The asset management firm made the new hires during a recruiting push in the last quarter.
City National's sale to RBC bestows new wealth on two men who have served as Hollywood's private bankers since Steven Spielberg filmed "Jaws."
An advisor at RBC has been promoted and will oversee six wealth managers.
When does it make sense to buy your list of clients? Attorney Alan Foxman explains.
Royal Bank of Canada is ready to take another shot at U.S. banking, agreeing to buy City National in Los Angeles.
But while quarterly earnings at the company's wealth management unit dropped 7% from the previous quarter, they were up 30% year-over-year.
Raymond James lured away a Morgan Stanley advisor managing more than $85 million in client assets.
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."
Raymond James lured away a UBS advisor managing more than $120 million in assets.
Anastasios "Tommy" Belesis, the former head of John Thomas Financial, was barred from the brokerage industry for life by FINRA for trading ahead of clients' orders.
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.
An advisor managing $215 million in assets left Merrill Lynch to join the regional firm.
Firm president Tash Elwyn explains the upswing in advisor headcounts.
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.
The advisor was with Raymond James for five years without any customer complaints noted by FINRA.
Ameriprise advisor Joe De Sena explains how getting involved in a charity changed his practice. "It's about making contributions to their lives in a way that has almost nothing to do with the money."
An advisor joined BB&T Scott & Stringfellow to become the firm's latest wirehouse recruit.
Raymond James & Associates lured away a wirehouse team with $116 million in AUM.
The National Adjudicatory Council upheld an earlier ruling finding Wedbush liable for failure to file accurate and on-time reports of customer complaints and broker registrations.
A Wells Fargo team left the wirehouse to join Raymond James & Associates.
Raymond James & Associates recruited an advisor managing more than $191 million in assets from regional rival Stifel.
The team, known as Madison Street Financial Group, generated $3.5 million in annual revenue.
An advisor team generating $6.7 million in annual revenue has left J.P. Morgan Securities for Raymond James & Associates.
An ex-Ameriprise franchise advisor was fined and suspended by FINRA for allegedly copying and pasting client signatures onto documents.
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.
Wealth management profit increased 41% to C$285 million from a year ago as fee-based client assets rose, while insurance more than doubled to C$256 million.
The industry regulator closes the comment period for its controversial data-reporting initiative as brokerage trade groups warn of privacy concerns and compliance costs.
Merrill Lynch lost a group of advisors managing $535 million in assets to Raymond James & Associates.
Kelly King, BB&T's chairman and chief executive, expressed frustration with the interest rate environment. It's "challenging to get expenses down today."
Stifel Financial hired a new branch manager who previously worked for Merrill Lynch.
A Morgan Stanley branch manager left the wirehouse to join Raymond James & Associates and help with the firm's expansion plans.