Andrew Welsch

The firm's brokerage ranks increased by just one advisor year-over-year.

The forthcoming changes will build on digital investments the firm has made recently, according to an executive.

The firm achieved a record 7,719 independent and employee advisors in the second quarter.

Compensation related to financial advisor recruiting fell 22% for the second quarter.

The firm is looking beyond aggressive recruiting efforts that have netted 73 new advisors year-to-date.

The regional broker-dealer has stepped up its expansion this year.

John and Cary Kortze opened Steward Partners' 16th branch office.

Wirehouse policy changes are bearing fruit and leaving advisor career options in flux.

"Tools like Slack are great, but they cannot communicate your culture," said Patrick Tucker, founder of True Measure Advisors.

The recruits oversaw more than $200 million in client assets.

The firm’s FA ranks at 14,820 were down by only nine brokers from the previous quarter.

Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Five of the regional BD's new hires come from Wells Fargo.

The firm's two new hires are the latest in aggressive recruiting efforts and joined from rivals RBC and Wells Fargo.

The departure of thousands of brokers may free firms to pivot to different business models, an expert says.

Industry changes and ongoing bank scandals have tilted the playing field in favor of smaller brokerages.

Company policies were not reasonably designed to detect and prevent misconduct, the SEC claims after one advisor allegedly misappropriated more than $5 million from client accounts.

The move boosts the firm's expansion in the central U.S.

A former Goldman Sachs broker also joined the boutique firm's office.

The regional firm's new additions consist of two veteran advisors from Wells Fargo and a father-daughter duo from Merrill Lynch.