Andrew Welsch

Where do top brokers earn the most?

Financial Planning continues its four-part analysis of core compensation components at wirehouse, regional and national BDs.

An analysis of the core components of compensation at wirehouses, regional and national BDs.

Our annual analysis of core compensation components at wirehouses, regional and national BDs.

The largest brokerages typically make comp changes that are ‘evolutionary, rather than revolutionary.’

The recruit oversaw more than $650 million in client assets while at his former employer.

The long-simmering dispute spotlights the sometimes fraught nature of advisor career moves.

The recruits come from Merrill Lynch, Wells Fargo and Morgan Stanley.

To oversee operations in the middle of the country, Merrill Lynch turned to a veteran of the firm.

Rockefeller Capital Management’s latest recruiting spate has netted it three wirehouse teams in Texas, Cincinnati and Los Angeles — one of which caters to Native American tribes.

The veteran FAs’ one complaint blotted their records for seven years.

With a new brand and new leadership, the firm hopes to tap into a burgeoning wealth management sector.

“The rollout of this plan has acted as a tipping point,” says Nick Pennino, an Edward Jones advisor.

The firm hopes to more readily attract talent from rivals.

The group includes an advisor who oversaw $843 million.

Self-directed investors have opened more new accounts at the firm in 2021 than in the third and fourth quarters combined.

The new additions represent Rockefeller’s first foray into Colorado.

The wirehouse picked up a 43-year veteran from its rival.

The dispute highlights the complicated nature of non-solicitation carve-outs when advisors switch firms.

He allegedly used the money to pay gambling debts and credit card bills, according to federal prosecutors.