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.

A wealth manager, who once had a $5 billion book and was terminated for "inappropriate workplace behavior," found a new home.

The past few months have seen a bevy of mega moves, the result of months of planning, recruiters say. Here are the biggest summer recruits.

The move represents one of the largest recruiting grabs in recent years, recruiters say.

Three advisors left the wirehouse to found an independent firm with help from Dynasty Financial Partners.

The advisor, who had been with Merrill since 2003, oversaw $230 million in assets, according to UBS.

The firm suffered another arbitration loss this week to clients seeking damages related to the firm's closed-end funds of Puerto Rico municipal bonds.

The wirehouse's latest hires include two advisors who generated $5 million in annual revenue while at Citi Private Bank, a firm spokeswoman said.

Two veteran advisors left the wirehouse to form an independent firm with help from Dynasty Financial Partners.

Four veteran advisors joined UBS from Morgan Stanley where they generated $5.6 million in annual revenue, according to a UBS spokesman.

Two former advisors allege they were punished and eventually fired for reporting misconduct including trainees and interns entering trades as well as misleading clients during cold calls.