Andrew Welsch

Billion-dollar teams are voting with their feet. Here’s where they are going.

The wirehouse added more than a dozen advisors in the last month managing more than $1 billion in client assets.

Marylin Booker accuses the company of failing to support Black advisors and criticizes its use of mandatory arbitration to settle employee disputes.

After the client died at age 98, the advisor allegedly moved on to bilk another elderly investor, authorities say.

CEO Jim Gold anticipates an uptick in advisor moves in coming months.

The new additions include an advisor with five decades of experience in the business, plus his two sons.

One team is among the top producers in their region, and the other spent more than two years assessing potential employers.

“Culturally, it’s a great fit for me and my practice,” says one former UBS advisor about his career move.

It’s the regulator’s largest restitution order this year.

The moves also indicate advisors are more willing to make a career change following a recruiting slowdown due to the coronavirus.