Andrew Welsch

Two veteran advisers opened a new office for the firm.

The firm was "cut out" from an entire class of advisers, says CEO Alexandra Lebenthal.

Paul Morris is one of a growing number of recruits that the wirehouse has rehired after they had previously left the firm.

David Kowach oversaw approximately 11,000 advisers as head of the Private Client Group.

A Triad executive says the firm aims to work with more advisers who want to go independent but who need help dealing with increasing regulatory burdens.

Clients are hesitant to invest more in the face of global upheaval, advisers say, citing the recent coup attempt in Turkey, terrorist attacks and the outcome of the U.S. election.

One of the alleged fraudsters used client funds to pay off gambling debts, according to authorities.

The regional brokerage firm also said it recruited three advisers overseeing more than $150 million in client assets.

"I think the DoL rule has a disproportionate impact on the independent business, and that affected our decision-making," says Ron Kruszewski.