Andrew Welsch

The wirehouse's latest hire also had previously worked two decades at Morgan Stanley, On Wall Street reports exclusively.

The recruit comes from BB&T Scott & Stringfellow, and was previously at Morgan Stanley, according to this On Wall Street exclusive report.

Two advisors who oversaw more than $220 million in client assets have switched wirehouses.

The former wirehouse advisor declined to participate in the arbitration case filed against her by the firm.

The new recruits opened a new office for Raymond James & Associates, the firm said.

The Canadian-owned brokerage firm promoted a branch manager with 16 years of industry experience.

Greg Hersch, who has been featured in On Wall Street's Top 40 Under 40, has left the wirehouse.

The wirehouse recruited two Morgan Stanley advisors, one of whom was previously terminated by Merrill in 2001, according to FINRA records.

A recruit with 16 years of industry experience moves between wirehouses.

The team left J.P. Morgan Securities to form their own independent firm.