Andrew Welsch

An uptick in retirements dampened the firm’s efforts to expand its brokerage ranks.

The firm’s new leader Penny Pennington tapped managers, one a longtime veteran of the firm, for the executive committee.

The advisors had been with RBC their entire careers.

The regional BD started its 2019 recruiting year with a bang.

Market volatility spurred clients into cash during the fourth quarter.

The four-person team is the first 2019 hires for the boutique bank.

“The thundering herd is on the move,” boasts Andy Sieg, head of Merrill Lynch.

The firm has lost more than 1,100 advisors since a phony accounts scandal came to light in 2016.

The firm’s newest recruits come from Merrill Lynch and Wells Fargo.

This is the first career move by Angie Messer and Greg Rust, who worked at the regional BD for 10 and 27 years, respectively.

The clients say their advisor improperly invested their funds in a Miami Beach nightclub that failed.

A months-long court fight ended when a judge granted the wirehouse’s request to restrict the advisors’ ability to contact clients.

The regulator accuses her of misconduct; she says the agency is doing Morgan Stanley’s bidding.

The alleged supervisory lapses occurred over a five-year period, according to the regulator.

The advisors joined the firm’s employee and independent broker-dealer units.

The new hires came at the expense of Merrill Lynch, Morgan Stanley, UBS and Hilliard Lyons.

The following 17 teams oversaw about $75 billion in assets. The firms ending the year with prize recruits include a diverse cast: regional BDs, wirehouses, boutiques and RIAs.