Andrew Welsch

The regional BD’s new hires in January have averaged more than $100 million in AUM.

The firm is drawing heightened interest from advisors generating between $1 million to $5 million, according to CEO Paul Reilly.

The all-woman unit will operate from two locations.

The arbitrators based their ruling “on the defamatory nature of the information.”

The wirehouse boosted profitability even as advisor headcount dropped.

The 17-member team is one of the largest to switch employers in recent years.

The changes come a month after she was named CEO of the bank’s newly formed wealth management unit.

The firm plans to entice new customers through its stock plan administration and financial wellness businesses.

The firm typically trains its own advisors in lieu of recruiting talent from the competition.

The firm added 40,000 new accounts last year and hit a record $3 trillion in client balances.

The recruits include a father-son duo from UBS.

The bank continues to struggle with attrition due to scandals, regulatory scrutiny and a graying workforce.

The advisor switched firms only to see his new employer close shop 18 months later.

“This didn’t seem like a very fair process,” says the ex-advisor, who was ordered to pay the firm $206,000 for breach of promissory note.

The advisors left Wells Fargo, signaling Stifel’s recruiting push will extend into 2020.

The firm commission-free platform already included all Vanguard mutual funds and ETFs as well as thousands of third-party funds.

The firm’s supervisory systems did not identify brokers who recommended clients engage in potentially unsuitable early rollovers of UITs, the regulator said.