Carmen Reinicke
Carmen Reinicke is a reporter for Financial Planning, On Wall Street and Bank Investment Consultant.
Carmen Reinicke is a reporter for Financial Planning, On Wall Street and Bank Investment Consultant.
Move is the latest in a recruiting streak for the regional broker dealer.
The firm lost 94 existing advisors, but recruited 79 new ones in the first quarter. Here are six of its new additions.
The wirehouse exodus continues, as a team of Wells Fargo advisors jumps ship for the independent firm.
One of the biggest notable losses came from Merrill Lynch, which lost a team managing $1 billion to the independent space.
Research firm Spectrem Group tracked new highs in 2017 across the mass affluent, millionaire and UHNW segments.
The firm seeks to diversify investment risk for clients by combining six internally managed liquid alternative strategies. Plus; other launches.
The move comes at a bad time for the firm, which amid scandals and mounting regulatory scrutiny has lost more than 300 advisors in a year.
Among recent career changes, Merrill Lynch lost brokers managing $2.2 billion to rival J.P. Morgan Securities.
The move is the latest in trend of advisors leaving wirehouses for smaller firms.
The revamped toolset includes financial planning software and fraud and identity theft protection.