Andrew Welsch is a former managing editor of Financial Planning.
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The decision landed just hours after the Department of Labor asked for the decision to be postponed while it complies with a Trump order to review the regulation.
February 8 -
Two advisers in the group are industry veterans who began their careers in the mid-1990s.
February 8 -
The two planners generated over $1 million in production, according to the regional firm.
February 8 -
The move is additional fallout from the president's memo to the Department of Labor to review the regulation and possibly rescind it.
February 8 -
After investing millions in new platforms and preparing thousands of advisers, executives say they've come too far to reverse course.
February 7 -
A look at which wirehouse and regional firms have been the most successful in attracting top recruits – and how things may shape up this year.
February 7 -
A close look at how the regional BD wooed over recruits and how it hopes to benefit from its revival of an iconic brand.
February 6 -
Here’s what the president’s actions mean for advisers and firms.
February 6 -
CEO Jim Cracchiolo said the firm's efforts won't go to waste should the rule be overturned.
February 2 -
Meanwhile, a prominent Republican congressman called on President Trump to delay the regulation's implementation.
February 2 -
The advisers left Wells Fargo and Morgan Stanley to form one team, the second addition in two weeks.
February 1 -
The new recruit generated $850,000 in annual revenue, according to the regional BD.
January 31 -
Ronald Kruszewski says a shift in the size of transition packages, made in response to the fiduciary rule, "benefits us competitively."
January 31 -
Planners will have control over the service, which will not be available directly to clients, according to the firm.
January 30 -
The firm also scooped up a market manager from Stifel.
January 30 -
The wirehouse also reported record revenue of over $2 billion for the recent quarter.
January 27 -
The firm is preparing for the fiduciary rule and contesting a lawsuit alleging that Raymond James allowed a $350 million fraud to be perpetuated.
January 26 -
The recruit generated $2 million in annual production, according to Merrill.
January 26 -
The wirehouse's new hires oversaw $466 million in client assets, according to a spokesman.
January 25 -
The new recruits joined the firm's independent and employee channels.
January 25
